A2Z Cust2Mate Solutions Sees 114% Revenue Growth to $3.3M, Secures $30M Credit Line
AZ•First-quarter revenue rose 114% year-over-year to $3.3 million, driven by commercial scaling of over 2,500 smart carts and the inaugural retail media revenue stream. Contracted backlog exceeded $195 million for deployment of more than 19,000 carts through 2027, supported by a newly approved $30 million non-dilutive credit facility.
1. First-Quarter Financial Results
A2Z Cust2Mate Solutions reported Q1 2026 revenue of $3.3 million, a 114% increase year-over-year, and delivered approximately 500 smart carts during the quarter to reach a total of over 2,500 units deployed globally. The company revised its previously issued financial tables but maintained all underlying performance data.
2. Contracted Backlog and Deployment Pipeline
Contracted backlog climbed to more than $195 million, representing over 19,000 carts scheduled for deployment by end-2027, providing strong visibility into near-term recurring revenue streams. Expanded delivery commitments span leading retail partners across North America and Europe.
3. Retail Media Revenue Launch
The company generated its first retail media revenues in Q1, partnering with brands such as Lego, ToysRUs and Under Armour to monetize in-store shopper engagement. Early results include a 15% basket uplift and utilization rates above 95%, validating the connected platform’s monetization potential.
4. Credit Facility and Operational Scaling
A newly approved $30 million non-dilutive, contract-backed bank credit facility enhances financial flexibility and aligns funding with deployment schedules. A2Z also expanded manufacturing capacity and opened customer support hubs in Panama and Bulgaria to support large-scale rollout execution.
