Quarterly ResultMay 14, 2026, 04:13 PM
My Size Q1 Revenue $2.39M; Going Concern Doubt Raised
AI Summary
My Size, Inc. reported a significant increase in Q1 2026 revenue to $2.39 million, up from $1.48 million in Q1 2025. However, the company's net loss widened to $1.48 million from $1.06 million in the prior year, and management raised substantial doubt about its ability to continue as a going concern due to insufficient cash to fund operations for the next 12 months. The company continued to raise capital through an At The Market offering and a capital advance agreement.
Key Highlights
- Management raised substantial doubt about My Size's ability to continue as a going concern.
- Q1 2026 revenue increased to $2.39 million from $1.48 million in Q1 2025.
- Net loss widened to $1.48 million in Q1 2026 from $1.06 million in Q1 2025.
- Cash and cash equivalents decreased to $654k as of March 31, 2026, from $2.30 million at year-end 2025.
- Net cash used in operating activities increased to $2.07 million from $1.27 million year-over-year.
- Sold 2,011,912 shares for $3.59 million through an At The Market offering.
- Received a $400k capital advance from Payoneer Inc. with a $424k obligation.
- Fashion e-commerce platform revenue was $1.80 million, SaaS Solutions $236k, and Resale Platform $343k.