MYSZ

My Size is a $2.2M nano-cap that has assembled a grab-bag of unrelated fashion businesses (Naiz Fit sizing tech, Orgad Amazon reselling, Percentil recommerce, Ten Peacks distribution) into an 'integrated platform' story. The numbers expose it: FY2025 revenue grew a respectable +13.4% to $9.36M, but gross profit actually FELL -9.7% to $3.00M (gross margin just 32%), meaning the growth is coming from low-quality, low-margin reselling revenue that dilutes the mix. Operating income was -$5.74M (a -61.3% operating margin) and net loss widened to -$5.85M, worse than FY2024's -$4.00M. Five straight years of losses have piled up a -$69.7M accumulated deficit against only $5.16M of equity.

The fatal problem is liquidity. Operating cash flow was -$5.14M for the year, yet cash and equivalents stand at just $2.30M — down 52.8% YoY — implying well under a year of runway at the current burn. The company plugs the gap by printing stock: shares outstanding jumped +128.3% in one year to 4.82M, and it is still issuing warrants to consultants and service providers (per the 10-K's Recent Sales of Unregistered Securities). Long-term debt also spiked +469% and total liabilities rose +60.2%. This is a business kept alive by serial dilution, and every existing shareholder is being ground down; ROE of -113.5% quantifies the value destruction.