A2Z Cust2Mate Solutions Q3 Earnings Call Highlights

Résumé détaillé

A2Z Cust2Mate Solutions (NASDAQ:AZ) reported a sequential increase in third-quarter revenue as Smart Cart deliveries more than doubled, and executives said the company remains on…

A2Z Cust2Mate Solutions (NASDAQ:AZ) reported a sequential increase in third-quarter revenue as Smart Cart deliveries more than doubled, and executives said the company remains on track to reach 10,000 cumulative deliveries by the end of 2026.

The company reported revenue of $10.9 million for the third quarter of fiscal 2026, up from $5.9 million in the second quarter. Smart Cart revenue rose to $9.6 million from $4.4 million, while deliveries increased to 2,000 carts from 950.

Chief Executive Officer Gadi Graus said demand from existing customers and expanded orders following initial deployments contributed to the company's momentum. A2Z also completed its acquisition of Israeli retail media company Hedia in early October, shortly after the quarter ended.

Third-quarter deliveries brought A2Z's cumulative total to 5,350 carts, Chief Financial Officer Gadi Levin said. The company continued deliveries to Yochananof, began initial deliveries under Super Sapir's expanded commitment of 7,000 carts and continued fulfilling HaStock's order.

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HaStock placed a follow-on order for 1,050 carts in August, increasing its total commitment to 3,050, Levin said. He noted that both HaStock and Super Sapir expanded their orders after deploying the carts.

Gross profit rose to $3.7 million from $2.5 million in the second quarter, but gross margin fell to 33.4% from 42.6%. Levin attributed the decline to deliveries of lower-margin, earlier-generation carts to one customer. He said A2Z expects to work through its remaining legacy inventory by year-end.

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The operating loss narrowed to $6.8 million from $7.6 million in the prior quarter. Net loss was $6.6 million, or $0.15 per share, compared with $7.3 million, or $0.16 per share, in the second quarter.

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