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StockNews.com
Business
Aditi Ganguly

Are Shares of My Size Inc. a Buy After Reporting a Q1 Revenue Increase?

Headquartered in Airport City, Israel, My Size, Inc. (MYSZ) is an omnichannel platform that develops and commercializes device measurement solutions for e-commerce companies. It also provides AI/driven measurement solutions and operates a separate online retail platform Orgad.

MYSZ’s revenue came in at a record $404,000 in its  fiscal first quarter, ended March 31, 2022, up 1400% year-over-year. This can be attributed to a 63% year-over-year improvement in MySizeID revenues. Its gross profit rose 467% from the same period last year to $153,000.

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