A2Z Cust2Mate Reports Q3 2026 Revenue Growth Driven by Smart Cart Deliveries
A2Z Cust2Mate (AZ) reported a significant sequential revenue increase to $10.9 million for the third quarter of 2026, up from $5.9 million in the previous quarter. This growth was primarily driven by smart cart deliveries, which more than doubled to 2,000 units this quarter. While gross margins compressed to 33.4% due to the delivery of lower-margin legacy hardware, the company successfully narrowed its net loss to $6.6 million. The company is aggressively scaling operations following the acquisition of Hedia and an organizational realignment that is expected to yield $7 million in annualized savings. With a massive backlog of 19,000 units and major commitments from retailers like Hastok and Super-Pharm, management is targeting 10,000 total deliveries for fiscal year 2026 and plans to expand international deployments outside of Israel in early 2027.
Tickers: $SPCX
Topics: gross margin decline net loss reduction revenue growth smart cart deliveries