Company: MYSZ
Filing Date: 2025-03-27
Form Type: 10-K
Source: 0001641172-25-000990
Chunk: 8

Company: My Size, Inc.
Filing Date: 2025-03-27
Form: 10-K
Item: Item 1B
Chunk 8
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 occur of (i)
such time that such Naiz Acquisition Stockholder no longer owns the Shares, (ii) the sale of all or substantially all of the assets of
My Size or the consolidation or merger of My Size with or into any other business entity pursuant to which stockholders of My Size prior
to such consolidation or merger hold less than 50% of the voting equity of the surviving or resulting entity, (iii) the liquidation,
dissolution or winding up of the business operations of My Size, and (iv) the filing or consent to filing of any bankruptcy, insolvency
or reorganization case or proceeding involving My Size or otherwise seeking any relief under any laws relating to relief from debts or
protection of debtors.

Operations
in Russia

In
addition to our Israel operations, we historically had operations in Russia through our wholly owned subsidiary, My Size LLC. To date,
mainly due to the invasion of Ukraine by Russia and the ongoing sanctions we ceased most of our efforts in Russia and expect to dissolve
the subsidiary in the near future.

Results
of Operations

The
table below provides our results of operations for the periods indicated.

    Year
    ended December 31 

    2024  
    2023 

    (dollars in thousands) 
  
    Revenues 
     8,257  
     6,996 
  
    Cost of revenues 
     (4,934) 
     (4,265)
  
    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