Business Context and Reporting Period
Company: My Size, Inc.
Filing Type: Form 8-K (Current Report)
Report Date: September 11, 2018
Event Date: September 6, 2018
Context: The Company reported the execution of a SaaS Subscription Agreement by its subsidiary, My Size Israel 2014 Ltd., with Katz Ltd, an Israeli corporation.
Key Financial Metrics
This filing does not contain financial statements, revenue figures, profit data, cash flow, margins, debt levels, or liquidity metrics. The document focuses solely on a specific contractual event.
Material Changes
New Agreement: On September 6, 2018, My Size Israel entered into a SaaS Subscription Agreement with Katz Ltd.
Subject: A limited, non-exclusive, non-transferable, and revocable license to use BoxSizeID TM, a mobile application for measuring parcel sizes to calculate shipping fees.
Terms:
- Duration: Initial term of 12 months, automatically renewable for successive one-year periods.
- Termination: Either party may terminate with 30 days' prior written notice.
- Consideration: Katz shall pay a nominal monthly fee for a minimum of 30 days. My Size Israel reserves the right to increase the fee after the initial 30 days upon 30 days' prior written notice.
Guidance, Outlook, and Risks
Management Commentary: The Company issued a press release on September 6, 2018, announcing the agreement (attached as Exhibit 99.1).
Risks and Contingencies: The filing does not disclose specific risks, contingencies, or unusual items beyond the standard terms of the subscription agreement. No forward-looking guidance regarding financial performance is provided in this document.
Investor Verification Checklist
- Verify the commercial significance of the "nominal monthly fee" and the potential for fee increases after the initial 30-day period.
- Review the attached Press Release (Exhibit 99.1) for additional strategic context regarding the partnership with Katz Ltd.
- Confirm the impact of this agreement on the Company's overall revenue stream, noting the filing does not quantify expected revenue.
- Monitor future filings for any material changes to the agreement or termination notices.