Company: MYSZ
Filing Date: 2025-03-27
Form Type: 10-K
Source: 0001641172-25-000990
Chunk: 476

Company: My Size, Inc.
Filing Date: 2025-03-27
Form: 10-K
Item: Item 5
Chunk 476
---
)
  
    Gross profit 
     3,323  
     2,731 
  
    Research and development expenses 
    $(429) 
    $(974)
  
    Sales and marketing 
     (3,114) 
     (3,856)
  
    General and administrative 
     (3,368) 
     (3,971)
  
    Other income 
     275  
     - 
  
    Impairment of goodwill 
     (631) 
     (671)
  
    Operating loss 
     (3,944) 
     (6,741)
  
    Financial income (expenses), net 
     (51) 
     99 
  
    Equity accounted losses 
     -  
     (71)
  
    Income tax benefit 
     -  
     333 
  
    Net loss 
    $(3,995) 
    $(6,380)

41

Year
Ended December 31, 2024 Compared to Year Ended December 31, 2023

Revenues

Our
revenues for the year ended December 31, 2024 amounted to $8,257,000 compared to $6,996,000 for year ended December 31, 2023. The increase
from the corresponding period is primarily attributable to Orgad sales.

Cost
Of Revenues

Our
cost of revenues for the year ended December 31, 2024 amounted to $4,934,000 compared to $4,265,000 for the year ended December
31, 2023. The increase in comparison with the corresponding period was due to due to an increase in revenues described above offset by
an inventory mark-down of $643,000 due to the fire that occurred in Orgad’s warehouse during January 2023.

Research
and Development Expenses

Our
research and development expenses for the year ended December 31, 2024 amounted to $429,000, a decrease of $545,000, or approximately
55.96%, compared to $974,000 for the year ended December 31, 2023. The decrease from the corresponding period primarily resulted from
a decrease in salaries due to reduced headcount and a decrease in subcontractor expenses.

Sales
and Marketing Expenses

Our
sales and marketing expenses for the year ended December 31, 2024 amounted to $3,114,000 a decrease of $742,000, or 19