My Size, Inc. (MYSZ) is a developer of mobile sophisticated algorithm solutions with its applications in vast industry including apparel, DIY, shipping, and parcel delivery market. The company offers MySizeID which is ecommerce application used to create digital profile of the customized measurements to get the right fit. BoxSize is an online application to measure size of the parcel. SizeUp allows using smartphone to measure the tape.
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The price of MYSZ stock during the regular trading on January 14, 2022 with a slight drop of 2.67% was $0.41. At last check in the aftermarket, the stock swelled by 7.32%.
MYSZ: Events and Happenings
On January 12, 2022, MYSZ reported about the exhibition of its product MySizeID by the company’s management at the National Retail Federation 2022: Retail’s Big Show held on January 16-18, 2022. The company also highlighted its innovative product called MySize Smart Mirror, having the potential to revolutionize the in-store fashion retail purchase experience.
On December 30, 2021, MYSZ reported about the partial adjournment of Annual Meeting of Shareholders 2021 regarding its Definitive Proxy Statement filed with the SEC. The Meeting was summoned with respect to the other proposals put forth in the Proxy Statement ratified in accordance with the obligatory majorities.
On November 22, 2021, MYSZ reported about its strategic collaboration with a famous Turkish clothing retailer brand GANT. On November 15, 2021, MYSZ reported about the expansion of its Russian presence with four tier 1 and several other sellers for company’s AI-based measurement solutions.
On November 11, 2021, MYSZ reported about an agreement with a well-known Turkish global lifestyle brand Nautica to offer its MySizeID application through the licensed production owner of Nautica, Eren Group. On November 9, 2021, MYSZ reported that the company’s Executives presented at the Virtual 7th Annual H.C. Wainwright’s Conference held on November 15, 2021.
On November 3, 2021, MYSZ reported about its collaboration with renowned UAE brand Threads. On November 1, 2021, MYSZ reported about its innovation collaboration with GK Software.
Conclusion
Due to the predominant pandemic conditions, MYSZ stock is declined 67% compared to the past six months period. The current aftermarket rise is the driven by the uncertain market conditions along with new product exhibition as believed by the analysts. The experts are also of the view that the company should work on new investor-centric policies.
