StockWireNews
(MYSZ) Slams The Pedal Down, Rockets Vertically Up Approx. 31% (Breaking Must-See Company News)
October 30th
Greetings Readers,
MYSZ is on-the-go this morning!
Dropping huge news first thing, MYSZ is currently up approximately 31% and could just be getting started.
Take a look at the company's PR:
MySize Issues Shareholder Update: Revised 2023 Revenue Guidance of ~ $8 Mn
Growth nearly doubles 2022 revenues of $4.46Mn propelled by growth at Orgad and the Naiz Fit and MySizeID AI-driven sizing solutions
AIRPORT CITY, Israel , Oct. 30, 2023 /PRNewswire/ -- MySize, Inc. (NASDAQ: MYSZ) (TASE: MYSZ.TA) ("MySize" or the "Company"), an omnichannel e-commerce platform and provider of AI-driven measurement solutions to drive revenue growth and reduce costs for its business clients, today issued a shareholder update from its Founder and CEO, Ronen Luzon.
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Ronen shares, "I'm highly optimistic about MySize in the near and long term. Our growing consumer user base, now over 5Mn, the top brands in the world adopting our sizing solutions, robust growth at Orgad, and award winning products all put our company in a stronger position than ever."
Read the complete update here.
Remember. MYSZ is a low float profile with fewer than 3Mn shares according to Yahoo Finance.
That means volatility needs to be on immediate watch today after that huge press release.
Take a quick moment to review my MYSZ report below, but don't take too long to get this Nasdaq profile on your radar.
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That was a heck of a week...
Let's rewind the clock for a second and go over what just went down.
This past Thursday our 9:30AM EST alert went off like gangbusters.
Jumping a breakout wave, that Nasdaq profile surged from an open of $.80 to a high of $1.03 on the day.
The move resulted in a blast of approximately 28% from that little-known, low float profile.
But that wasn't even the best part of the week. My Monday night alert ran from a close of $.58 to a next-day high of $2.08.
Exploding for a short term run of approximately 258%, that low float idea set the chart on fire in under 24 hours!
Key takeaways? A few, but most importantly one thing in particular...
They were both low float profiles just like this Nasdaq breakout idea.
With a tiny float under 3Mn shares, explosive revenue growth, a major award earned, and an analyst target pointing to significant upside potential, this Nasdaq breakout idea could start drawing serious Wall Street buzz.
Listen. Drop everything right now and pull up:
*My Size, Inc. (MYSZ)*
MySize, Inc. is an omnichannel e-commerce platform and provider of AI-driven measurement solutions including MySizeID and recently acquired Naiz Fit to drive revenue growth and reduce costs for its business clients.
And based on 5 potential catalysts, MYSZ requires full focus now. Check them out:
No. 1 - A Low Float Provides The Potential For Explosive Volatility
No. 2 - A Major Award Earning At Paris Retail Week 2023 (Prestigious Event Attended By 20k Professionals)
No. 3 - A Revenue Explosion Erupts As MYSZ Posts 61% Growth Over Same 3 Month Period From 2022
No. 4 - H.C. Wainwright Maintains $3.00 Price Target In April 2023
No. 5 - MYSZ's AI Tackles Major Challenges Through Use Of Artificial Intelligence (AI)
But more on those in a second...
Artificial Intelligence (AI) Market Poised for Explosive Growth, Expected to Reach $1.6Tn by 2030
Industries spanning automotive, healthcare, retail, finance, and manufacturing are embracing artificial intelligence as a central element of their operations. Tech giants are driving this transformation through substantial in-vest-ments in research and development. For instance, Intel Corporation’s acquisition of Cnvrg.io, an Israeli company specializing in machine learning models, underscores the company’s commitment to advancing its artificial intelligence business.
Artificial intelligence has elevated technology to the forefront of organizations, revolutionizing various sectors. From self-driving vehicles reshaping transportation to life-saving medical equipment, AI has become an integral part of almost every device and software program. Its ability to analyze massive amounts of data, make complex decisions, and learn from patterns has made AI indispensable.
As the global artificial intelligence market expands, it brings forth opportunities for innovation, efficiency, and growth. Industries are leveraging AI to optimize processes, enhance customer experiences, and achieve unparalleled levels of productivity. Within this rapidly evolving landscape, one company to keep an eye on is My Size, Inc. (MYSZ).
My Size, Inc. (MYSZ) is an emerging player in the AI-driven measurement solutions market, offering innovative technologies to drive revenue growth and reduce costs for businesses. As industries increasingly adopt AI solutions, My Size’s offerings, such as MySizeID and Naiz Fit, hold great potential to disrupt traditional measurement processes in sectors like apparel, e-commerce, and logistics.
With a focus on delivering accurate and efficient measurement solutions, My Size, Inc. (MYSZ) could be well-positioned to capitalize on the growth of the global artificial intelligence market.
By leveraging AI technologies to address measurement challenges and enhance business processes, My Size is poised to carve out a notable presence in this dynamic industry landscape.
My Size, Inc. (MYSZ): An Emerging AI-driven Measurement Solutions Company Poised To Disrupt A $38Bn Apparel Market
The global artificial intelligence (AI) market is poised for exponential growth, and My Size, Inc. (MYSZ) is making significant strides in this dynamic landscape.
My Size, Inc. (MYSZ) is an emerging AI-driven measurement solutions company set to disrupt the $38Bn apparel returns market. With a strong focus on sustainability, their solutions aim to reduce size-related returns, aligning with the growing emphasis on eco-conscious practices.
Founded in 2014 by Ronen Luzon, My Size was born out of a frustration with the challenges of online shopping, particularly the uncertainty around sizing and the hassle of returning ill-fitting items. Recognizing the impact of these issues on both consumers and retailers, Luzon set out to create a solution that would standardize sizing and enhance the online shopping experience.
My Size developed a range of measurement apps, including MySizeID, BoxSize, SizeUP, First Look Smart Mirror, and Smart Catalogue, all based on the company’s patented algorithms and software development kits (SDK). These innovative measurement solutions have revolutionized the way consumers find the right fit across various size charts, driving buyer satisfaction and reducing costs for online retailers.
A closer look at My Size, Inc. (Nasdaq: MYSZ)’s AI-driven measurement solutions:
MySizeID
By leveraging My Size, Inc. (MYSZ)’s MySize ID, retailers can match shoppers’ personal measurements with their brand’s size chart, resulting in significantly fewer returns and increased customer satisfaction. The platform comprises three essential elements: the widget, app, and My Dash.
The widget is seamlessly integrated into the retailer’s e-commerce platform, displaying size recommendations for individual shoppers on a per-item basis. These recommendations are based on data input into My Dash, the user-friendly size chart editor. Retailers can create a unique size profile for their customers using the MySize ID app or the online sizing wizard available on the My Size ID website.
My Dash plays a pivotal role by generating a comprehensive size chart for each apparel item and integrating it directly with the retailer’s product lifecycle management (PLM) and inventory database. Furthermore, MySize ID offers analytics with aggregated customer data, providing in-depth insights into consumer behavior. These insights enable retailers to further enhance personalization and tailor their offerings to meet customer preferences.
The MySize ID app or software development kit (SDK) empowers shoppers to create personalized size profiles by recording their body measurements with their smartphones. This convenience extends beyond online shopping and can be implemented in brick-and-mortar stores. Shoppers can easily scan barcodes, receive size recommendations, and make purchases directly through the app, bypassing fitting rooms and registers.
BoxSize: The Perfect Measuring Tool for Logistic Companies
Logistic companies often face the challenge of accurately measuring packages to ensure efficient shipping and storage. With Box Size, an innovative measuring tool, logistics professionals can streamline their operations and optimize package measurements.
By using Box Size, logistic companies can ensure precise package measurements, leading to improved efficiency, reduced errors, and enhanced logistics operations. With its user-friendly interface and comprehensive functionality, Box Size is the perfect solution for accurate package measuring in the logistics industry.
SizeUP
The SizeUp App is based on technology developed by MySize Inc. These revolutionary patent-pending algorithms that utilize Smartphone sensors to accurately measure anything from everyday objects to body measurements.
First Look Smart Mirror
The First Look Smart Mirror is an interactive point-of-sale (POS) display that revolutionizes the in-store fashion shopping experience. With My Size ID integration, customers can preview items on a virtual avatar, ensuring accurate personalized sizing and fit. Real-time stock availability and upselling recommendations enhance the shopping journey, while NFC technology enables seamless checkout. This innovative solution reduces returns, boosts sales, and increases customer satisfaction.
Grab sources and more here.
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And as mentioned above, this profile has a handful of specific potential catalysts that you need to be aware of at this moment.
Here's what you need to know...
No. 1 MYSZ Potential Catalyst - A Low Float Provides The Potential For Explosive Volatility
According to the Yahoo Finance website, MYSZ has a tiny float.
The website reports this profile to have approximately 2.26Mn shares in its float.
Why is that important? It's important on one crucial level. Volatility.
Could more positive company news towards the end of 2023 provide a near term breakout spark?
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No. 2 MYSZ Potential Catalyst - A Major Award Earning At Paris Retail Week 2023 (Prestigious Event Attended By 20k Professionals)
MySize's Naiz Fit Wi.ns Innovation Award at Paris Retail Week 2023 for its Apparel Sizing Solutions
Innovative SaaS solutions for the fashion industry solve problems related to sizing and fit at several points along the fashion value chain—from design to retail commerce
AIRPORT CITY, Israel, Oct. 3, 2023 /PRNewswire/ -- MySize, Inc. (Nasdaq: MYSZ) (TASE: MYSZ.TA) ("MySize" or the "Company"), an omnichannel e-commerce platform and provider of AI-driven measurement solutions to drive revenue growth and reduce costs for its business clients, today announced its Spain-based Naiz Fit received the "Agile Customer Journey" innovation award at Paris Retail Week 2023, one of the most significant events in the French retail sector attended by 20,000 professionals.
The Paris Retail Awards celebrates the finest retail innovations across eight distinct business categories. The competition's primary objective is to recognize companies that provide effective solutions to address the diverse challenges faced by players in the retail and e-commerce sectors.
This prestigious event is a powerful springboard for the wi-nn-ers, propelling them toward greater recognition and new contracts.
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"Wi-nn-ing the Agile Customer Journey innovation award at Paris Retail Week 2023 is a tremendous honor and highlights the value we bring to customers around the world," stated Naiz Fit CEO and Co-Founder Borja Cembrero. "Our Naiz Fit team comes from the fashion industry, from pattern making to design and tailoring through retail. We know exactly what data brands need to provide their customers the best shopping experience, and we are very pleased that major retailers who have adopted our technology are reaping the benefits."
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Read the full article here.
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No. 3 MYSZ Potential Catalyst - A Revenue Explosion Erupts As MYSZ Posts 61% Growth Over Same 3 Month Period From 2022
MySize Reports Second Quarter 2023 Fi-nan-cial Results
Revenues and gross pro-fits up 61% driven by growth at Orgad and Naiz Fit
AIRPORT CITY, Israel, Aug. 14, 2023 /PRNewswire/ -- MySize, Inc. (NASDAQ: MYSZ) (TASE: MYSZ.TA) ("MySize" or the "Company"), an omnichannel e-commerce platform and provider of AI-driven measurement solutions to drive revenue growth and reduce costs for its business clients, today reported fi-nan-cial and operational results for the three months ended June 30, 2023.
Key Fi-nan-cial Highlights for the Three Months Ended June 30, 2023 Compared to Prior Year Period
- Consolidated revenue increased 61% to $1.29Mn primarily driven by growth at Orgad and the acquisition of Naiz Fit
- Gross pro-fit increased 61% to $519k
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Management Commentary
"MySize's strength is evidenced by robust revenue growth coupled with decreasing operational costs during the second quarter. Orgad's revenue momentum is ramping as we focus sales outreach on the North American market while increasing Orgad's pro-fit-ability by implementing advanced AI tools," stated MySize Founder and CEO Ronen Luzon. "As our SaaS based apparel sizing solutions produce impressive results for digital merchants, including reduced returns, higher conversions and higher sales, our R&D spending is down, while recurring revenues continue to increase. We've also gained significant cost reductions by re-allocating resources with respect to our SaaS business to Naiz Fit's operations hub in Spain to capitalize on existing synergies across our business segments. For the balance of 2023, we expect continued robust revenue growth and improved operating efficiencies as we move toward cash flow positive."
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Read the full article here.
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No. 4 MYSZ Potential Catalyst - H.C. Wainwright Maintains $3.00 Price Target In August 2023
Earlier this year, an analyst at H.C. Wainwright tagged MYSZ with a $3.00 target.
Now, from Friday's closing valuation of $.70, that provides MYSZ with a mouth-watering upside potential.
We're talking in the neighborhood of 328% potential upside.
Now, we're not saying that MYSZ is going to soar to those levels this week, but the potential upside to that target is too big not to bring to your attention.
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No. 5 MYSZ Potential Catalyst - MYSZ's AI Tackles Major Challenges Through Use Of Artificial Intelligence (AI)
MySize's Naiz Fit Smart Catalogue Uses AI to Solve Major Challenge of Fit in the Jeans Industry
Salsa Jeans, a leading Portugal-based jeans brand leverages Smart Catalogue to improve fit and size merchandising
Smart Catalogue powers brand design teams to solve sizes problems before they arise—at the design phase
AIRPORT CITY, Israel, Sept. 20, 2023 /PRNewswire/ -- MySize, Inc. (Nasdaq: MYSZ) (TASE: MYSZ.TA) ("MySize" or the "Company"), an omnichannel e-commerce platform and provider of AI-driven measurement solutions to drive revenue growth and reduce costs for its business clients, today announced results from a pilot implementation of Smart Catalogue with Naiz Fit's customer, Salsa Jeans, a global apparel brand whose jeans are sold through 190 stores across 40 countries.
Smart Catalog is an innovative software-as-a-service (SaaS) based solution that helps fashion designers create patterns that optimize fit, with the aim of reducing unsold items, improving economics for fashion brands and retailers.
Inconsistent sizing in the apparel industry is known to lead to higher returns and greater waste, with 40% of women saying they have problems finding the right size. Brands are also challenged in knowing how much of which size to manufacture and st.ock in each store. Local demographics can significantly impact size demand. Implementing the right data-driven tools may help alleviate a major problem in the apparel industry: 30% of all clothing manufactured is never sold.
Salsa Jeans used Smart Catalogue to validate its jeans collection's size consistency across several factors including testing for consistency with a customer's stated size, consistency across Salsa's numerous styles, and across all 6 of the leg cut shapes offered by the brand. A total of 342 tests were done with 31 patterns on 32 people of different body morphologies matching the brand's target customer of women between 30-50 years of age. AI tools including ChatGPT were used for data capture and analysis of test results and comments.
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"Smart Catalog is at the forefront of addressing a clear need in the market for data-driven solutions that address apparel fit issues at its very source, during the design phase. We're empowering and supporting the creatives in the fashion industry by informing their intuition with data," stated MySize Founder and CEO Ronen Luzon. "We were very pleased to work with Salsa Jeans and to provide data that will inform their future designs, ultimately leading to even better brand loyalty for Salsa, fewer returns, and a cleaner environment for all."
Read the full article here.
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MYSZ Recap - Top Potential Catalysts To Know Right Now
No. 1 - A Low Float Provides The Potential For Explosive Volatility
No. 2 - A Major Award Earning At Paris Retail Week 2023 (Prestigious Event Attended By 20k Professionals)
No. 3 - A Revenue Explosion Erupts As MYSZ Posts 61% Growth Over Same 3 Month Period From 2022
No. 4 - H.C. Wainwright Maintains $3.00 Price Target In April 2023
No. 5 - MYSZ's AI Tackles Major Challenges Through Use Of Artificial Intelligence (AI)
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Coverage is officially reinitiated on MYSZ. When time allows, do this:
