.jpg)
AI-powered sizing solutions drive MySize's financial success
MySize Credits: MySize Israel-based MySize, an e-commerce platform and provider of AI-driven sizing solutions for the retail industry, reported strong financial and operational results for 2024, highlighting substantial revenue growth and improved financial stability. The company saw an 18 percent increase in total revenue, reaching 8.26 million dollars, while simultaneously reducing its net loss by 37 percent to 3.99 million dollars, showcasing enhanced operational efficiency. "2024 was a year of significant progress for MySize as we continued to innovate and deliver value to our clients," said Ronen Luzon, CEO and founder of MySize. "Our 18 percent revenue growth, coupled with a substantial reduction in net losses and a doubling of our cash reserves, underscores our ability to scale effectively while maintaining financial discipline.” Key operational achievements included the rapid adoption of the Naiz Fit platform by over 100 fashion brands. This platform, featuring modules like Smart Catalog, True Feedback, and First Look Smart Mirror, improved customer experience, reduced return rates, and boosted sales conversions. The Orgad e-commerce division continued its strong performance, leveraging AI-powered merchandising on major platforms like Amazon. MySize also expanded its technology ecosystem through deeper integrations with leading e-commerce platforms and service providers, including Shopify, Magento, Salesforce, Global-e, Scalapay, Returnly, and Aiuta, facilitating seamless omnichannel experiences and strengthening global client retention. "The growing adoption of Naiz Fit and the consistent success of Orgad underscore the power and effectiveness of our AI-driven solutions," Luzon added. "These results validate our strategic direction and position us for continued growth."
Israel-based MySize, an e-commerce platform and provider of AI-driven sizing solutions for the retail industry, reported strong financial and operational results for 2024, highlighting substantial revenue growth and improved financial stability.
The company saw an 18 percent increase in total revenue, reaching 8.26 million dollars, while simultaneously reducing its net loss by 37 percent to 3.99 million dollars, showcasing enhanced operational efficiency.
"2024 was a year of significant progress for MySize as we continued to innovate and deliver value to our clients," said Ronen Luzon, CEO and founder of MySize.
"Our 18 percent revenue growth, coupled with a substantial reduction in net losses and a doubling of our cash reserves, underscores our ability to scale effectively while maintaining financial discipline.”
Key operational achievements included the rapid adoption of the Naiz Fit platform by over 100 fashion brands. This platform, featuring modules like Smart Catalog, True Feedback, and First Look Smart Mirror, improved customer experience, reduced return rates, and boosted sales conversions.
The Orgad e-commerce division continued its strong performance, leveraging AI-powered merchandising on major platforms like Amazon. MySize also expanded its technology ecosystem through deeper integrations with leading e-commerce platforms and service providers, including Shopify, Magento, Salesforce, Global-e, Scalapay, Returnly, and Aiuta, facilitating seamless omnichannel experiences and strengthening global client retention.
"The growing adoption of Naiz Fit and the consistent success of Orgad underscore the power and effectiveness of our AI-driven solutions," Luzon added. "These results validate our strategic direction and position us for continued growth."
