A2Z Cust2Mate Solutions Corp. (NASDAQ: AZ), a provider of smart retail technology, reported third-quarter 2026 revenue of $10.9 million, a sharp increase from $5.9 million in the preceding quarter and $1.5 million in the year-ago period, according to A2Z Cust2Mate Solutions Corp. (NASDAQ: AZ). The revenue surge was driven by increased smart cart deliveries, with the company delivering a record 2,000 smart carts during the quarter—exceeding total deliveries for the entire first half of 2026.
The delivery milestone matters because it demonstrates the company's ability to scale production and deployment of its AI-powered Smart Cart platform, which creates a continuous digital connection with shoppers throughout the in-store journey. For retailers and brands, the platform enables targeted retail media and offers at the point of decision while capturing real-time data on in-store shopper behavior. As physical stores increasingly seek to monetize their environments, A2Z Cust2Mate's technology positions itself at the intersection of shopper engagement and retail media.
Gross profit rose to $3.7 million from $2.5 million sequentially, though gross margin declined to 33.4% from 42.6%, reflecting shipments of lower-margin, earlier-generation models. Operating loss narrowed sequentially to $6.8 million from $7.6 million, while net loss decreased to $6.6 million from $7.3 million. The company reiterated its targets of 10,000 cumulative smart cart deliveries by year-end 2026 and 19,000 by year-end 2027, based on existing backlog, and maintained its expectation of at least $25 million in smart cart revenue for the second half of 2026, excluding retail media contributions.
In early October, A2Z completed its acquisition of Hedia, a profitable in-store retail media business generating approximately $20 million in annual revenue. Management expects fourth-quarter smart cart deliveries to exceed the total delivered during the first nine months of 2026. The acquisition and delivery outlook suggest the company is building a dual revenue stream—hardware deployments and high-margin retail media—that could reshape how retailers monetize physical stores.
For investors, the results and reiterated guidance offer a clearer picture of A2Z Cust2Mate's growth trajectory. The full press release is available at https://ibn.fm/cM9P9, and ongoing news and updates can be found in the company's newsroom at https://ibn.fm/AZ. The announcement was distributed through MissionIR, a communications platform that is part of the Dynamic Brand Portfolio at IBN, which provides wire solutions via InvestorWire and editorial syndication to 5,000+ outlets. Terms of use and disclaimers are available at https://www.MissionIR.com/Disclaimer.
