My Size, Inc. SEC 10-Q Report

My Size, Inc., a company specializing in innovative measurement solutions and e-commerce platforms, has released its Form 10-Q report for the third quarter. The report highlights the company's financial performance and key business developments, reflecting both challenges and strategic initiatives aimed at future growth.

Financial Highlights

Revenues: The company reported revenues of $3.485 million, a decrease from $4.963 million in the prior year period. This decline was primarily due to a reduction in Orgad sales.

Gross Profit: Gross profit stood at $1.544 million, down from $2.180 million. The decrease is attributed to the transition to fulfillment by Amazon shipping and warehousing methods.

Operating Loss: Operating loss was $1.646 million, a 16% improvement compared to $1.948 million in the prior year period, driven by reduced operating expenses.

Net Loss: The net loss for the period was $1.510 million, compared to $1.980 million in the prior year period. The improvement is due to cost reductions and efficiency gains.

Basic and Diluted Loss Per Share: The basic and diluted loss per share was $(0.58), compared to $(3.06) in the prior year period, reflecting the impact of reduced net loss and an increased share count.

Business Highlights

Revenue Segments: My Size, Inc. operates in three segments: fashion and equipment e-commerce platform, SaaS-based innovative artificial intelligence-driven measurement solutions, and a resale platform for apparel. The fashion and equipment e-commerce platform, primarily operating on Amazon, generated the majority of the revenue, followed by the SaaS solutions and the newly acquired resale platform.

Geographical Performance: The company's operations in Israel have been minimally affected by regional conflicts due to its strategic shift to utilizing fulfillment by Amazon, which reduces inventory risk. The acquisition of New Percentil in Spain has further diversified the company's geographical footprint, with Spain becoming a hub for its sizing solutions business.

New Product Launches: The company has introduced several new products, including the Naiz Fit Widget, which helps shoppers find accurately fitting apparel, and the First Look Smart Mirror for physical stores. These innovations aim to enhance customer satisfaction and reduce return rates.

New Production Launches: The acquisition of New Percentil included the acquisition of warehouse infrastructure and equipment, which enhances the company's operational capabilities in the resale market.

Future Outlook: The company plans to continue commercializing its products and acquiring new technologies or businesses to increase cash flow. However, there is substantial doubt about its ability to continue as a going concern without additional capital. The company is actively seeking strategic partnerships and additional financing to support its operations.

SEC Filing: My Size, Inc. [ MYSZ ] - 10-Q - Aug. 14, 2025