MySize Reports 18% Revenue Growth to $8.26 Million in 2024

MySize, a global leader in AI-driven sizing solutions and omnichannel e-commerce platforms, has announced its financial results for the year ending December 31, 2024. The company reported an 18% increase in revenue, reaching $8.26 million, alongside a significant doubling of its cash reserves to $4.88 million.

Compared to 2023, MySize achieved the following milestones:

• Revenue Growth: Total revenue increased by 18%, from $7.00 million to $8.26 million.
• Net Loss Reduction: Net loss decreased by 37%, from $6.38 million to $3.99 million.
• Cash Reserves: Cash and cash equivalents more than doubled, rising from $2.19 million to $4.88 million.
• Shareholders' Equity: Increased by 46%, from $4.74 million to $6.91 million.
• Liabilities Decrease: Total liabilities dropped from $4.26 million to $3.15 million, reflecting improved financial stability.

MySize Achievements

1. Naiz Fit Platform Expansion: MySize's AI-powered sizing platform, Naiz Fit, was adopted by over 100 fashion brands in 2024, integrating modules such as Smart Catalog, True Feedback, and First Look Smart Mirror. These tools helped optimize fit, reduce returns, and drive higher sales conversions for retailers globally.
2. E-commerce Growth via Orgad: The Orgad e-commerce division contributed significantly to MySize's top-line growth by leveraging AI-driven merchandising on platforms like Amazon and other digital marketplaces.
3. Technology Ecosystem Expansion: MySize deepened integrations with major e-commerce platforms such as Shopify, Magento, Salesforce, Global-e, Scalapay, Returnly, and Aiuta. These partnerships enabled seamless omnichannel experiences and strengthened customer retention across global markets.

Ronen Luzon, CEO and Founder of MySize, highlights:

"In 2024, we advanced our mission of transforming how fashion is sold and experienced. Our 18% revenue growth and doubling of cash reserves demonstrate both scale and discipline. With the growing adoption of Naiz Fit and the consistent success of Orgad, we are well-positioned for continued growth through SaaS expansion and e-commerce excellence."

Retail Technology Trends

MySize's success aligns with broader trends in retail technology:

• AI Adoption: Retailers are increasingly adopting AI-driven solutions like Naiz Fit to address fit-related returns, a multi-billion-dollar challenge in online fashion retail.
• Digital Transformation: The rise in digital sourcing and omnichannel strategies has created demand for seamless integrations with platforms like Shopify and Salesforce.

Looking ahead to 2025, MySize aims to build on its momentum by targeting further SaaS growth and expanding its footprint in global markets through strategic partnerships and technological advancements. With a proven track record in AI-driven solutions and e-commerce excellence, the company is poised for sustained growth in the competitive retail technology space.