My Size Reports Deepening Losses, Critical Cash Shortage, and Highly Dilutive ATM Sales
MYSZ is trading near its 52-week low of $0.503 (5.5% above the low) on light trading volume (0.3× avg).
Summary
My Size, Inc. reported Q1 2026 results showing increased losses and cash burn, reiterating a 'going concern' warning with limited cash, and disclosed highly dilutive ATM share sales of $3.59 million.
Key Events · Earnings and Guidance · MYSZ
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Going Concern Warning Reiterated
Management continues to express substantial doubt about the company's ability to continue as a going concern, projecting existing cash will fund operations for less than 12 months. This follows a similar warning in the prior 10-K.
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Significant Cash Burn and Low Cash Balance
Net cash used in operating activities increased to $2.069 million for Q1 2026, up from $1.268 million in Q1 2025. Cash and cash equivalents plummeted to $654,000 as of March 31, 2026, from $2.303 million at year-end 2025.
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Highly Dilutive ATM Share Sales
The company sold 2,011,912 shares through an At-The-Market (ATM) offering, generating approximately $3.59 million in gross proceeds. This represents a capital raise significantly exceeding the company's current market capitalization, indicating substantial dilution for existing shareholders.
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Increased Net Loss Despite Revenue Growth
Revenues grew by 61.9% year-over-year to $2.394 million in Q1 2026. However, net loss widened to $1.476 million, compared to a net loss of $1.060 million in Q1 2025, driven by increased operating expenses.
Analysis · MYSZ · Technology
My Size, Inc. continues to face severe financial challenges, reiterating a 'going concern' warning with less than 12 months of cash runway. Despite significant revenue growth, net losses and operating cash burn have worsened. The company resorted to highly dilutive At-The-Market (ATM) share sales, raising $3.59 million, which represents over 100% of its current market capitalization, to fund operations. This filing provides critical details following the recent Nasdaq delisting notice and previous annual report's going concern warning, underscoring the company's precarious financial position and the extreme measures taken to maintain liquidity.
At the time of this filing, MYSZ was trading at $0.53 on NASDAQ in the Technology sector, with a market capitalization of approximately $2.6M. The 52-week trading range was $0.50 to $1.65. This filing was assessed with negative market sentiment and an importance score of 9 out of 10.