An AI-powered retail solutions company with a market capitalization of $3.72 million, MySize, Inc is strategically shifting from being a sizing-focused company to a comprehensive retail intelligence provider for the fashion industry.
This move was detailed in a recent shareholder update from Ronen Luzon, Founder and CEO. InvestingPro analysis suggests, the company’s stock is currently trading below its fair value, indicating a potential upside for investors.
The company has integrated three acquisitions - Naiz Fit, Orgad, and Percentil - to create what a ‘Retail Intelligence Engine.’ This engine helps fashion brands with several key functions: recommending correct sizing, analyzing product performance, monetizing overstock, and ensuring compliance with regulations. The company turns fragmented data into intelligent action, states Luzon, noting the company has collected user profiles, product measurements, and fit preferences to power its new Large Language Model (LLM)-based assistant for clients.
Despite significant investments in AI, integration, and automation, MySize claims to have ‘runway through 2027’ based on its current plans. While Luzon acknowledged margins ‘remain negative today,’the company maintains a healthy current ratio of 3.02 and reported revenue of $6.75 million over the last twelve months, according to InvestingPro data.
The company successfully launched a pilot for NaizGPT, an AI-powered conversational assistant. This tool allows retail teams to analyze sizing and returns data using natural language, which has already shown strong user engagement.
MySize has appointed Borja Cembrero Saralegui as the new Chief Growth Officer. His experience in scaling AI sizing solutions is expected to drive the company’s international expansion and M&A opportunities.
Through its subsidiary, New Percentil, SL, MySize acquired key assets of Percentil, a second-hand fashion marketplace. This acquisition aims to reposition the platform for upcoming EU regulations and to build a profitable circular fashion business. The deal includes a central warehouse, an AI-powered pricing engine, and over 120,000 vetted garments.
