My Size, Inc. Files 2023 Annual Report on Form 10-K

TL;DR

<b>My Size, Inc. has filed its 2023 10-K annual report detailing its operations and financial standing.</b>

AI Summary

My Size, Inc. (MYSZ) filed a Annual Report (10-K) with the SEC on April 1, 2024. My Size, Inc. filed its annual report on Form 10-K for the fiscal year ended December 31, 2023. The filing covers the period from January 1, 2023, to December 31, 2023. The company's principal executive offices are located at Hayarden 4, Airport City, L3 7010000. My Size, Inc. was formerly known as Topspin Medical Inc. before a name change on December 26, 2002. The company is classified under SIC code 7372 for Prepackaged Software.

Why It Matters

For investors and stakeholders tracking My Size, Inc., this filing contains several important signals. This filing provides a comprehensive overview of the company's performance and strategic direction for the fiscal year 2023, crucial for investors to assess its current valuation and future prospects. As a public company, My Size, Inc. is required to disclose detailed financial information and business operations, offering transparency to stakeholders and the market.

Risk Assessment

Risk Level: low — My Size, Inc. shows low risk based on this filing. The filing is a standard 10-K annual report, which is a routine disclosure for publicly traded companies and does not contain immediate, significant new risks or opportunities.

Analyst Insight

Review the detailed financial statements and risk factors within the 10-K filing to understand My Size, Inc.'s performance and outlook for the upcoming fiscal year.

Key Numbers

• 2023-12-31 — Fiscal Year End (Reporting period)
• 2024-04-01 — Filing Date (Date of submission)
• 7372 — SIC Code (Services-Prepackaged Software)

Key Players & Entities

• My Size, Inc. (company) — Filer name
• MYSZ (company) — Ticker symbol
• 2023-12-31 (date) — Fiscal year end
• 2024-04-01 (date) — Filing date
• Hayarden 4, Airport City, L3 7010000 (address) — Business address
• Topspin Medical Inc. (company) — Former company name
• 7372 (industry_code) — Standard Industrial Classification

FAQ

Industry Context

My Size, Inc. operates within the software services industry, specifically focusing on prepackaged software solutions.

Regulatory Implications

As a publicly traded company in the US, My Size, Inc. is subject to the regulations of the Securities and Exchange Commission (SEC), requiring regular filings like the 10-K.

What Investors Should Do

1. Analyze the financial statements within the 10-K for revenue, expenses, and profitability trends.
2. Review any disclosed risk factors to understand potential challenges facing the company.
3. Examine management's discussion and analysis (MD&A) for insights into business strategy and outlook.

Key Dates

• 2023-12-31: Fiscal Year End — End of the reporting period for the 10-K filing.
• 2024-04-01: Filing Date — Date the 10-K report was officially submitted to the SEC.

Glossary

10-K

An annual report required by the U.S. Securities and Exchange Commission (SEC), which gives a comprehensive summary of a company's financial performance. (This is the primary document filed by My Size, Inc. to disclose its annual financial health and business operations.)

SIC Code

Standard Industrial Classification code, used to classify businesses based on their primary activity. (Indicates My Size, Inc.'s industry focus on 'Services-Prepackaged Software'.)

Year-Over-Year Comparison

This is the initial filing analyzed, so no comparison to a previous filing is available.

Key Financial Figures

• $0.001 — ch Registered Common Stock, par value $0.001 per share MYSZ The Nasdaq Capital M
• $1.00 — nslated using the rate of NIS 3.6270 to $1.00. All information in this Annual Repor
• $2.805 — anuary 12, 2023 at an exercise price of $2.805 per share, or the January 2023 Warrants
• $94.00 — anuary 17, 2020 at an exercise price of $94.00 per share, or the January 2020 Warrants
• $31.50 — ctober 28, 2021 at an exercise price of $31.50 per share, having terms ranging from 28
• $2.09 — on stock at a reduced exercise price of $2.09 per share in consideration of our agree
• $4.2 m — he Exercised Warrants was approximately $4.2 million, before deducting placement agent
• $3.055 — f common stock, at an offering price of $3.055 per RD Share and associated Series A an
• $3.054 — ies B Warrants and an offering price of $3.054 per Pre-funded Warrant and associated S
• $640,000 — was in the warehouse was approximately $640,000. We believe that this incident did not
• $50,000 — hich we paid to the lessor an amount of $50,000 to cover his loss. Our Solution Our
• $8.8 — e-commerce market is expected to total $8.8 trillion in 2024, and the industry is e
• $18.81 — igence, the market is expected to reach $18.81 trillion by 2029. In addition, it is ex
• $12.4 billion — 023, online shoppers broke records with $12.4 billion in spending on Cyber Monday, driving 9.
• $744.4 billion — ce market size is expected to grow from $744.4 billion in 2022 to $821.19 billion in 2023 at a

Filing Documents

• form10-k.htm (10-K) — 2093KB
• ex10-31.htm (EX-10.31) — 53KB
• ex21-1.htm (EX-21.1) — 9KB
• ex23-1.htm (EX-23.1) — 5KB
• ex31-1.htm (EX-31.1) — 17KB
• ex31-2.htm (EX-31.2) — 16KB
• ex32-1.htm (EX-32.1) — 9KB
• ex97-1.htm (EX-97.1) — 76KB
• form10-k_001.jpg (GRAPHIC) — 21KB
• form10-k_002.jpg (GRAPHIC) — 25KB
• form10-k_003.jpg (GRAPHIC) — 13KB
• form10-k_004.jpg (GRAPHIC) — 34KB
• form10-k_005.jpg (GRAPHIC) — 25KB
• form10-k_006.jpg (GRAPHIC) — 73KB
• 0001493152-24-012542.txt (&nbsp;) — 10482KB
• mysz-20231231.xsd (EX-101.SCH) — 79KB
• mysz-20231231_cal.xml (EX-101.CAL) — 96KB
• mysz-20231231_def.xml (EX-101.DEF) — 309KB
• mysz-20231231_lab.xml (EX-101.LAB) — 601KB
• mysz-20231231_pre.xml (EX-101.PRE) — 486KB
• form10-k_htm.xml (XML) — 1600KB

Business

Business 2 Item 1A. Risk Factors 16 Item 1B. Unresolved Staff Comments 39 Item 1C. Cybersecurity 39 Item 2.

Properties

Properties 39 Item 3.

Legal Proceedings

Legal Proceedings 39 Item 4. Mine Safety Disclosures 39 Part II Item 5. Market For Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities 40 Item 6.

Selected Financial Data

Selected Financial Data 40 Item 7.

Management's Discussion and Analysis of Financial Condition and Results of Operations

Management's Discussion and Analysis of Financial Condition and Results of Operations 40 Item 7A.

Quantitative and Qualitative Disclosures about Market Risk

Quantitative and Qualitative Disclosures about Market Risk 47 Item 8.

Financial Statements and Supplementary Data

Financial Statements and Supplementary Data F-1 Item 9. Changes in and Disagreements With Accountants on Accounting and Financial Disclosure 48 Item 9A.

Controls and Procedures

Controls and Procedures 48 Item 9B. Other Information 48 Item 9C. Disclosure Regarding Foreign Jurisdictions that Prevent Inspections. 48 Part III Item 10. Directors, Executive Officers and Corporate Governance 49 Item 11.

Executive Compensation

Executive Compensation 54 Item 12.

Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters

Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters 57 Item 13. Certain Relationships and Related Transactions, and Director Independence 59 Item 14. Principal Accounting Fees and Services 63 Part IV Item 15. Exhibits, Financial Statement Schedules 63

Signatures

Signatures 68 PART I In this Annual Report on Form 10-K, unless the context requires otherwise, the terms "we," "our," "us," or "the Company" refer to MySize, Inc., a Delaware corporation, and its subsidiaries, including MySize Israel 2014 Ltd. My Size LLC, Orgad International Marketing Ltd., or Orgad, and Naiz Bespoke Technologies, S.L, or Naiz Fit, taken as a whole. References to "U.S. dollars" and "$" are to currency of the United States of America, and references to "NIS" are to New Israeli Shekels. Unless otherwise indicated, U.S. dollar translations of NIS amounts presented in this Annual Report on Form 10-K for the year ended on December 31, 2023 are translated using the rate of NIS 3.6270 to $1.00. All information in this Annual Report on Form 10-K relating to shares or price per share reflects the 1-for-25 reverse stock split effected by us on December 8, 2022. CAUTIONARY NOTE ON FORWARD-LOOKING STATEMENTS This Annual Report on Form 10-K contains certain forward-looking statements within the meaning of Section 27A of the Securities Act and Section 21E of the Exchange Act. Any statements in Annual Report on Form 10-K about our expectations, beliefs, plans, objectives, assumptions or future events or performance are not historical facts and are forward-looking statements. These statements are often, but not always, made through the use of words or phrases such as "believe," "will," "expect," "anticipate," "estimate," "intend," "plan" and "would." For example, statements concerning financial condition, possible or assumed future results of operations, growth opportunities, industry ranking, plans and objectives of management, markets for our common stock and future management and organizational structure are all forward-looking statements. Forward-looking statements are not guarantees of performance. They involve known and unknown risks, uncertainties and assumptions that may cause actual results, levels of activity, performance or achievements to

View Full Filing

View this 10-K filing on SEC EDGAR