My Size Inc: Rises after second-quarter results

My Size

14/08/2018 12:16

** Israeli firm's U.S.-listed shares  MYSZ.O  jump 16 pct to
$0.89 premarket; ADRs second-biggest advancer on Nasdaq before
the bell
    ** My Size mainly develops personal measurement apps for
online apparel purchases
    ** Company says at various stages of discussions with many
apparel brands and local courier fleets which could result in a
partnership in a couple of months for BoxSizeID, its mobile
measurement technology for shipping industry
    ** My Size ends Q2 with $8.7 mln in cash and no debt
compared with $1.8 mln cash and $558,000 in notes payable as of
end of December; Operating expenses fell to $951,000 from $1.3
mln  urn:newsml:reuters.com:*:nPn9hQ163a
    ** Company says fashion design schools are looking to
integrate its platform in their curriculum as early as this fall
    ** MYSZ rose 17 pct this year

 (Reporting by Medha Singh in Bengaluru)
 ((medha.singh@thomsonreuters.com))