My Size, Inc. (NASDAQ: MYSZ)

My Size, Inc., also known as MYSZ, operates in the e-commerce industry, providing omnichannel platforms and AI-driven apparel sizing solutions to its clients. The company's main business activities revolve around enabling shoppers to generate highly accurate measurements of their body to find the correct fitting apparel through its innovative tech product, MySizeID, and other offerings such as First Look Smart Mirror, Smart Catalog, and parcel measurement application, BoxSize. My Size's operations span across various regions, with a focus on the rapidly growing e-commerce market, which is expected to reach $6.5 trillion in 2023, growing at a compound annual growth rate of 27.43% from 2023 to 2028.

My Size generates revenue through its primary products and services, including MySizeID, BoxSize, and SizeUp. MySizeID is the company's flagship product, designed to simplify the process of purchasing clothes online and reduce the rate of returns of poor-fitting clothing. BoxSize is a parcel measurement application that provides real-time logistic data on package volumes and transportation, improving operational efficiency and reducing operating expenses. SizeUp is a smart tape measure for the business-to-consumer market, allowing users to utilize their smartphone as a tape measure.

The company's position within the industry is strong, with its innovative technology products designed to provide a superior consumer experience, drive revenue growth, and reduce costs for its business clients. My Size's key competitors include True Fit, Fit analytics, and 3DLook. However, My Size has a competitive advantage through its robust sales and marketing strategy, focusing on expanding into new markets through the acquisition of Naiz and its current team.

My Size's customers include a range of retailers, including fashion and apparel companies, as well as logistics and shipping companies. The company's solutions are designed to address the need for highly accurate measurements in various consumer-friendly, everyday uses, and its products are available for license by retailers and accessible by consumers through a web page.

In addition to its technology solutions, My Size has developed a robust, end-to-end, AI-driven platform that inspires consumer confidence and drives revenue growth by providing a superior consumer journey to both online and brick-and-mortar stores. The company's solutions are designed to address the challenges faced by e-commerce companies, including customer returns, low consumer conversion, and associated restocking and shipping costs.