A2Z Cust2Mate Solutions Corp. (NASDAQ:AZ) released its financial results for the third quarter ended September 30, 2026, reporting revenue of $10.9 million and 2,000 smart cart unit deliveries, in a press release issued November 11, 2026.

Key Highlights

  • 2,000 smart cart units delivered in Q3 2026, up from 950 in Q2 2026, surpassing total deliveries for the entire first half of the year.
  • Total revenue was $10.9 million in Q3 2026, up from $5.9 million in Q2 2026 and $1.5 million in the prior year quarter.
  • Smart Cart revenue was $9.6 million, more than double the $4.4 million reported in Q2 2026.
  • Gross profit reached $3.7 million with a gross margin of 33.4%, compared to 42.6% in Q2 2026 and 34.0% in the prior year quarter.
  • Net loss narrowed to $6.6 million, compared to a loss of $7.3 million in Q2 2026 and a loss of $1.4 million in the prior year quarter.
  • Hedia acquisition closed in early October, described in the filing as a profitable in-store retail media business with approximately $20 million of annual revenue.
  • Guidance reiterated for 10,000 cumulative smart cart deliveries by year-end 2026 and at least $25 million in second half 2026 smart cart revenue.

A2Z Cust2Mate Reports Doubled Smart Cart Revenue and Narrowing Loss in Third Quarter 2026

According to the filing, A2Z Cust2Mate Solutions Corp. delivered 2,000 smart cart units in Q3 2026, up from 950 in Q2 2026, with the company noting the deliveries "were spread across multiple customers." Total revenue rose to $10,932 thousand from $5,947 thousand in the prior sequential quarter and $1,547 thousand in the same period of 2025. Smart Cart revenue of $9.6 million more than doubled sequentially from $4.4 million. Nine-month revenues through September 30, 2026 were $20,153 thousand, compared to $4,254 thousand in the same period of 2025.

Gross profit for Q3 2026 was $3,656 thousand, up from $526 thousand in the prior year quarter. The filing noted that on a sequential basis, gross margin declined from 42.6% to 33.4% "due to product mix, reflecting shipments of earlier-generation smart carts, which carry lower margins," and the company stated it expects "to work through this inventory of earlier-generation models by the end of the year." Operating loss was $6.8 million, compared to $7.6 million in Q2 2026 and $4.1 million in the prior year quarter, with the sequential improvement attributed to increased revenues. Net loss for Q3 2026 was $6.6 million, narrowing from $7.3 million in Q2 2026.

The company reported that the acquisition of Hedia, described as "a profitable in-store retail media business with approximately $20 million of annual revenue," closed in early October. According to management commentary in the filing, Hedia "brings scale, capabilities and key advertiser relationships" to the company's retail media inventory and retailer relationships. The filing also reiterated guidance for 10,000 cumulative smart cart unit deliveries by year-end 2026, 19,000 units by year-end 2027, and at least $25 million of smart cart revenue for the second half of 2026, with the company noting these targets "are based on existing backlog, with new orders representing additional potential upside." The filing contains forward-looking statements that are subject to the company's cautionary language and risks described in its regulatory filings.

What Was Disclosed

A2Z Cust2Mate Solutions Corp. disclosed Q3 2026 financial results showing revenue of $10.9 million, a net loss of $6.6 million, delivery of 2,000 smart cart units, the closing of the Hedia acquisition in early October, and reiterated full-year 2026 delivery and revenue guidance.