Canada's A2Z Smart Technologies Q1 revenue rises 114% on smart cart deployments

A2Z Cust2mate Solutions

15/05/2026 11:09

Overview

Global smart retail tech firm's Q1 revenue grew 114% yr/yr

Company expanded contracted backlog to over $195 mln, supporting global deployment momentum

Company secured $30 mln contract-backed bank credit facility to support scaling operations

Outlook

A2Z says contracted backlog exceeds $195 mln, supporting visibility into near-term recurring revenue

Company expects global deployment of over 19,000 smart carts by end of 2027

A2Z says it is well-positioned to deliver on backlog and pursue additional large-scale deployments

Result Drivers

SMART CART DEPLOYMENTS - Co said revenue growth was driven by transition from pilot to scaled deployment, delivering about 500 smart carts in Q1 and expanding installed base to 2,500 units

RETAIL MEDIA REVENUE - Co began generating retail media revenues in Q1, establishing in-store advertising as a new recurring revenue stream

OPERATIONAL SCALE-UP - Co strengthened manufacturing capacity and added new international hubs to support global rollout and deployment

Company press release: ID:nCNWgCQmfa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
$3.3 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

The average consensus recommendation for the it services & consulting peer group is "buy"

Wall Street's median 12-month price target for A2Z Cust2Mate Solutions Corp is $22.50, about 234.8% above its May 14 closing price of $6.72

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)