Company: MYSZ
Filing Date: 2025-03-27
Form Type: 10-K
Source: 0001641172-25-000990
Chunk: 567

Company: My Size, Inc.
Filing Date: 2025-03-27
Form: 10-K
Item: Item 6
Chunk 567
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 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, 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