Canada's A2Z Cust2Mate Q2 revenue jumps on smart cart deliveries; net loss narrows

A2Z Cust2Mate Solutions

12/08/2026 21:22

Overview
Smart retail tech firm's Q2 revenue rose sharply yr/yr on increased smart cart deliveries
Gross profit and margin improved as manufacturing scaled up
Net loss narrowed yr/yr; company targets $7 mln in annual cost savings

Outlook
Company projects H2 2026 smart cart revenues of $25 mln, weighted to Q4
A2Z Cust2Mate targets 10,000 cart deliveries by year-end 2026, 19,000 by end-2027
Company expects annual operating expenses to decrease by about $7 mln after cost initiatives

Result Drivers
SMART CART DELIVERIES - Revenue growth attributed to increased delivery of new smart carts, including to a new supermarket customer
MANUFACTURING SCALE - Improved gross margin due to economies of scale as manufacturing ramped up
COST MANAGEMENT - Company initiated cost management measures expected to reduce annual operating expenses by $7 mln

Company press release: ID:nCNWtc1Hqa

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
 
$5.90 mln
 
Q2 Net Loss
 
$7.34 mln
 
Q2 EBIT
 
-$7.59 mln
 
Q2 Gross Profit
 
$2.51 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 235.8% above its August 11 closing price of $6.70

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Aug 10 - Israel's Nayax Q2 revenue rises on SaaS, hardware demand

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(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.)