A2Z Q1 Revenue Jumps 114% to $3.3M as Backlog Tops $195M
A2Z reported Q1 2026 revenue of $3.3 million, up 114% year-over-year, and delivered 500 smart carts, totaling 2,500 units globally. Contracted backlog exceeded $195 million covering over 19,000 carts through 2027, and the company secured a $30 million non-dilutive bank credit facility to support scale.
1. Q1 Financial Results
In Q1 2026, A2Z generated $3.3 million in revenue, marking a 114% increase over Q1 2025. The company delivered approximately 500 smart carts during the quarter, bringing total units delivered to 2,500 across global retail partners.
2. Contracted Backlog Growth
Contracted backlog rose to $195 million, representing more than 19,000 smart carts scheduled for deployment by the end of 2027. This backlog provides strong near-term visibility into recurring revenue streams from its connected retail platform.
3. Operational and Deployment Expansion
A2Z expanded manufacturing capacity and enhanced supply chain execution, adding support centers in Panama and Bulgaria. These infrastructure improvements aim to streamline large-scale rollouts and improve ongoing customer service.
4. $30M Non-Dilutive Credit Facility
The company secured a $30 million contract-backed bank credit facility that aligns funding with deployment schedules. This non-dilutive financing will support manufacturing, inventory, and working capital needs without equity dilution.