My Size CEO issues letter to shareholders on 2025 strategic outlook

My Size (MYSZ) CEO Ronen Luzon issued a shareholder update. Highlights of the letter include: “…I’m pleased to announce that we have recently signed two Letters of Intent (LOIs) as part of our active exploration of mergers and acquisitions to enhance growth opportunities and scale operations. The LOIs – which involve potential acquisitions in the second-hand apparel and AI shoe technology sectors – reflect our strategic intent to expand into high-potential verticals that complement and strengthen our existing capabilities… Our roll-up strategy is progressing strongly. We integrated both Orgad and Naiz Fit into the MySize Group, and these efforts are already showing encouraging results in both revenue generation and operational efficiency…we are getting closer to cash-flow breakeven and progressing toward profitability. We are selectively targeting companies that are lean, profitable, or near profitability…Financially, we continue to demonstrate strong momentum. In 2024, we achieved 18% year-over-year revenue growth, more than doubled our cash reserves, and reduced our net loss by 37%. As we look ahead, we believe we are firmly on the path to profitability….We believe that the combination of AI, big data, and strategic acquisitions places MySize at the forefront of the retail technology revolution. Our commitment is not only to growth, but to building a sustainable, profitable, and innovation-led business that creates long-term value for you, our shareholders”.