A2Z Cust2Mate Solutions Corp. (NASDAQ: AZ), a provider of smart retail technology, reported third-quarter 2026 revenue of $10.9 million, compared with $5.9 million in the preceding quarter and $1.5 million in the year-ago period, driven by increased smart cart deliveries. The company delivered a record 2,000 smart carts during the quarter, exceeding total deliveries for the first half of 2026.
Gross profit rose to $3.7 million from $2.5 million sequentially, while 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. A2Z also 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, the company 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.
For a deeper look at A2Z Cust2Mate Solutions Corp. (NASDAQ: AZ), view the full press release at https://ibn.fm/cM9P9. The latest news and updates relating to AZ are available in the company’s newsroom at https://ibn.fm/AZ.
The announcement matters because it shows A2Z Cust2Mate’s smart cart business is scaling rapidly, with revenue nearly doubling sequentially and deliveries accelerating. The reiteration of delivery targets and the Hedia acquisition signal confidence in continued growth and a strategy to monetize in-store retail media alongside hardware sales. For retailers and brands, the expansion of smart carts and retail media capabilities could reshape in-store engagement and data collection. For investors, the narrowing losses and strong revenue growth may indicate improving operational leverage.
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