MySize Projects 23% YoY Revenue Growth for 2024

December 27, 2024

DENVER, Colo., Dec 27, 2024 (247marketnews.com)- MySize (NASDAQ: MYSZ) published is annual shareholder update stating that MySize expects to generate $8.5 million in 2024 revenue, reflecting a 23% year-over-year growth, and is projecting $15 million in revenue, for 2025, based on current market conditions.

Additionally, MySize believes that it can achieve substantial “operational cost savings that will enhance a flexibility in cash flow management and provide the foundation for continued strategic investment and growth.”

Ronen Luzon, Founder and CEO of MySize, stated, “Our preliminary financial results highlight Orgad’s pivotal role in driving our revenue growth. By optimizing operational efficiency and capitalizing on strategic market expansions, Orgad demonstrates its capacity to deliver strong performance while providing the flexibility needed to pursue ambitious targets. 2024 has proven that our strategy is not just ambitious, but highly effective, and we believe that it lays the groundwork for sustainable growth.

“We believe that Europe represents a significant opportunity for Orgad as we tap into new markets and strengthen relationships with global retail leaders. The certification as a supplier to a leading European retailer underscores our commitment to delivering excellence.

“Naiz Fit continues to solidify our position as a technological leader in the fashion and retail space. These results are a testament to the impact and effectiveness of our solutions.

“As we reflect on 2024, I am proud of how far MySize has come. Building on this momentum, MySize is gearing up for a strong presence at two key industry events in January 2025 : CES in Las Vegas and NRF in New York . These events present unique opportunities to showcase our cutting-edge technologies and connect with global leaders in the retail and e-commerce industries.

MySize is also seeking merger and acquisition opportunities to enhance growth opportunities and scale operations, about which Luzon added, “Our approach to M&A is grounded in strategic alignment and long-term value creation,” Luzon emphasized. “By leveraging these opportunities, we aim to scale our business and unlock innovative pathways that support sustainable growth and deliver meaningful results for our shareholders.

“We believe that our strategic expansion, cutting-edge technology, and commitment to innovation position us for an exciting future. Together, with our partners and investors, we aim to shape the future of fashion and e-commerce.”

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