Quarterly ResultAug 13, 2026, 04:13 PM
My Size Reports Q2 Net Loss of $3.23M; Going Concern Doubt
AI Summary
My Size, Inc. reported a net loss of $3.23 million for the six months ended June 30, 2026, an increase from $1.51 million in the prior year, despite revenues growing to $5.46 million. The company disclosed substantial doubt about its ability to continue as a going concern, citing insufficient cash to fund operations for more than 12 months. Additionally, My Size received a Nasdaq deficiency notice for its stock price falling below $1.00, leading to a Board-approved 1-for-8 reverse stock split to regain compliance.
Key Highlights
- Net loss for the six months ended June 30, 2026, increased to $3.23 million from $1.51 million year-over-year.
- Revenues for the six months ended June 30, 2026, increased to $5.46 million from $3.49 million year-over-year.
- Management expressed substantial doubt about the Company's ability to continue as a going concern.
- Received a Nasdaq deficiency notice for failing to maintain a minimum bid price of $1.00.
- The Board approved a 1-for-8 reverse stock split, effective August 12, 2026, to address Nasdaq compliance.
- Cash and cash equivalents decreased to $453k as of June 30, 2026, from $2.30 million at December 31, 2025.
- Total stockholders' equity decreased to $2.35 million as of June 30, 2026, from $5.16 million.
- Settled a legal claim for approximately $143k, which has been accrued as current liabilities.
Price Impact
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