A2Z Cust2Mate Solutions Corp. (NASDAQ: AZ) reported third-quarter 2026 revenue of $10.9 million, a substantial increase from $5.9 million in the preceding quarter and $1.5 million in the year-ago period, the smart retail technology provider said in its latest financial update. The revenue growth was driven by increased smart cart deliveries, with the company delivering a record 2,000 units during the quarter, exceeding total deliveries for the entire first half of 2026.
The delivery figures matter beyond the top line. For retailers and brands watching the shift toward connected in-store commerce, the numbers offer a tangible measure of how quickly AI-powered shopping infrastructure is moving from pilot programs into chain-wide deployment. A2Z Cust2Mate’s platform combines software, computer vision and purpose-built hardware to connect with shoppers throughout the in-store journey, capturing real-time data on shopping behavior and delivering targeted retail media at the point of decision.
Profitability metrics were mixed. Gross profit rose to $3.7 million from $2.5 million sequentially, but gross margin declined to 33.4% from 42.6%, a shift the company attributed to shipments of lower-margin, earlier-generation models. Operating loss narrowed sequentially to $6.8 million from $7.6 million, and net loss decreased to $6.6 million from $7.3 million.
Management reiterated its targets of 10,000 cumulative smart cart deliveries by year-end 2026 and 19,000 by year-end 2027, based on existing backlog, and maintained its expectation of at least $25 million in smart cart revenue for the second half of 2026, excluding retail media contributions. The company also expects fourth-quarter smart cart deliveries to exceed the total delivered during the first nine months of 2026.
In early October, A2Z completed its acquisition of Hedia, a profitable in-store retail media business generating approximately $20 million in annual revenue. The deal adds a media monetization layer to the company’s hardware footprint, a combination that could reshape how physical stores generate revenue and measure advertising impact closer to the point of purchase. The company’s broader connected in-store commerce platform brings together shopper engagement, retail media, data and in-store intelligence, and it works with retailers, brands and partners across multiple markets to support revenue growth, operational efficiency and loss mitigation.
Investors seeking the full press release can view it via https://ibn.fm/cM9P9, while ongoing news and updates relating to AZ are available in the company’s newsroom at https://ibn.fm/AZ. The update was distributed through MissionIR, a communications platform within the Dynamic Brand Portfolio @ IBN that provides wire access via InvestorWire, editorial syndication to 5,000+ outlets and social media distribution.
For the smart retail sector, the results point to a company scaling hardware volumes while building a higher-margin media business alongside them. Whether the margin pressure from earlier-generation carts proves temporary will be a key question as A2Z pushes toward its 2027 delivery targets.
