Canada's A2Z Cust2Mate Q2 revenue jumps on smart cart deliveries; net loss narrows - AZ News | Rallies
Canada's A2Z Cust2Mate Q2 revenue jumps on smart cart deliveries; net loss narrows A AZ • 2026-08-12 Outlook
Company projects H2 2026 smart cart revenues of $25 mln, weighted to Q4
A2Z Cust2Mate targets 10,000 cart deliveries by year-end 2026, 19,000 by end-2027
Company expects annual operating expenses to decrease by about $7 mln after cost initiatives
Overview
Smart retail tech firm's Q2 revenue rose sharply yr/yr on increased smart cart deliveries
Gross profit and margin improved as manufacturing scaled up
Net loss narrowed yr/yr; company targets $7 mln in annual cost savings
Result drivers
Smart cart deliveries - Revenue growth attributed to increased delivery of new smart carts, including to a new supermarket customerManufacturing scale - Improved gross margin due to economies of scale as manufacturing ramped upCost management - Company initiated cost management measures expected to reduce annual operating expenses by $7 mln Key details and analyst coverage Metric Beat/Miss Actual Consensus Estimate Q2 Revenue $5.90 mln Q2 Net Loss $7.34 mln Q2 EBIT -$7.59 mln Q2 Gross Profit $2.51 mln
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"
The average consensus recommendation for the it services & consulting peer group is "buy"
Wall Street's median 12-month price target for A2Z Cust2Mate Solutions Corp is $22.50, about 235.8% above its August 11 closing price of $6.70
2026-08-12
AZ•
