My Size Q1 revenue up 78% to $720k; net loss widens to $2.65M on fire-related write-down

My Size, Inc.

2024-Q1 EPS reported -$13.42 revenue$720,000

Revenue $720k (+78% YoY); SaaS revenue from MySizeID/Naiz Fit up 223% to $142k.
Net loss $2.65M vs $2.19M a year ago; operating loss $2.5M includes $643k fire-related inventory write-down.
Cash balance $2.6M at March 31, 2023; inventory $491k after write-down.
FY2023 revenue guidance reiterated at $9-10M.
MySizeID adopted by Diesel, Canali, Harper & Neyer, Rotholz, Natura; plans to launch pet sizing.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

My Size, Inc. reported the three months ended March 31, 2023 results: revenue $720,000, net income $2,654,000. Guidance reaffirmed.

Period: the three months ended March 31, 2023
Revenue: $720,000
Net income: $2,654,000
Guidance: reaffirmed
Result: reported results

Exact text from the filing

the three months ended March 31, 2023. Key Financial Highlights for the Three Months Ended March 31, 2023 Compared to Prior Year Period ● Consolidated revenue increased 78% to $720,000 primarily attributable to revenue generated following the acquisition of Orgad ● Software-as-a-Service (SaaS) revenues from MySizeID and Naiz Fit increased 223% to $142,000 ●

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Source: SEC EDGAR

accession 0001493152-23-017636

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