Revenue of
Contracted Backlog Surpasses
Management to Host Conference Call at
Mr.
"We also continued to strengthen our manufacturing readiness and global operational infrastructure to support this contracted pipeline at scale, including expanded production capacity, enhanced supply chain execution and the addition of customer support centers in two new locations to improve deployment support and ongoing retailer service. As deployments scale, stronger shopper engagement and richer behavioral data are expanding monetization opportunities across our platform, creating a growth flywheel that we believe will further strengthen recurring revenue over time. Overall, our progress this quarter reinforces our confidence that our strategy is working.
"To support accelerating rollout activity and the increasing scale of customer deployments, we recently received approval for a
1 Contracted backlog is a financial measure that has not been prepared in accordance with generally accepted accounting principles ("GAAP") and constitutes "non-GAAP financial measures" as defined by the | ||
Recent Business Highlights
- Expanded contracted backlog to
~$195 million , representing more than 19,000 smart carts to be deployed by the end of 2027, underscoring strong global demand and long-term rollout visibility. - Transitioned from pilot to scaled deployment phase, delivering ~500 smart carts in Q1 2026 and reaching approximately 2,500 units delivered globally across leading retail partners
- Advanced retail media monetization, beginning revenue generation in Q1 2026 and establishing in-store advertising as a new recurring revenue stream. Current Retail Media Brands include
Lego , ToysRUs, and Under Armour - Demonstrated strong retailer ROI and shopper adoption, including ~15% basket uplift, higher items per transaction and utilization rates above 95%
- Strengthened global operational and deployment infrastructure by expanding manufacturing capacity and establishing international hubs in
Panama andBulgaria to support scaled rollout execution
"Physical retail remains one of the largest under-digitized sectors of the global economy and is in the early stages of a significant structural transformation towards more intelligent, data-driven retail," concluded Graus. "To address a massive market opportunity, we have developed and are now deploying a retail technology layer that is fundamentally changing how stores operate, engage shoppers and unlock new monetization opportunities from the in-store experience. We have moved from proof-of-concept to deploying our platform at scale, and retailers are capturing measurable improvements in sales throughput, shopper engagement and operational efficiency that are driving improved store economics. Looking ahead, A2Z is exceptionally well-positioned with a strong balance sheet and ample access to capital to deliver on our large contracted backlog and pursue additional large-scale deployments globally to drive increasing long-term value for our shareholders."
Conference Call
Management will host a conference call on
Anyone interested in participating should call 1-877-407-0784 if calling within
A replay will be available until
The call will also be available by webcast over the internet at: https://viavid.webcasts.com/starthere.jsp?ei=1762627&tp_key=3b4649d7cd.
About
For more information on
Cautionary Statement Regarding Forward-looking Statements
Matters discussed in this press release may contain forward-looking statements that are subject to substantial risks and uncertainties. Forward-looking statements contained in this press release may be identified by the use of words such as "anticipate," "believe," "contemplate," "could," "estimate," "expect," "intend," "seek," "may," "might," "plan," "potential," "predict," "project," "target," "aim," "should," "will" "would," or the negative of these words or other similar expressions, although not all forward-looking statements contain these words. Forward-looking statements are based on the Company's current expectations and are subject to inherent uncertainties, risks and assumptions that are difficult to predict. Further, certain forward-looking statements are based on assumptions as to future events that may not prove to be accurate. These and other risks and uncertainties are described more fully in the Company's filings on EDGAR and with the
-- Tables Follow –
| ||||||||
| ||||||||
(Unaudited) | (Audited) | |||||||
ASSETS | ||||||||
Current assets | ||||||||
Cash and cash equivalents | $ | 16,208 | $ | 13,525 | ||||
Short-term deposits | 473 | 384 | ||||||
Financial assets at fair value | 40,664 | 55,642 | ||||||
Inventories | 5,214 | 3,891 | ||||||
Trade receivables, net | 3,776 | 3,034 | ||||||
Other accounts receivable | 3,481 | 2,937 | ||||||
Total current assets | 69,816 | 79,413 | ||||||
Non-current assets | ||||||||
Long term financial asset at fair value | 340 | 333 | ||||||
Long term trade receivables | 2,345 | 1,221 | ||||||
Property, equipment and right of use assets, net | 3,599 | 3,556 | ||||||
Total non-current assets | 6,284 | 5,110 | ||||||
Total Assets | $ | 76,100 | $ | 84,523 | ||||
LIABILITIES AND SHAREHOLDERS' EQUITY | ||||||||
Current liabilities | ||||||||
Short term loan and current portion of long-term loans | $ | 8 | $ | 9 | ||||
Lease liability | 846 | 819 | ||||||
Trade payables | 4,096 | 3,348 | ||||||
Other accounts payable | 1,625 | 2,200 | ||||||
Warrant Liability | - | 576 | ||||||
Total current liabilities | 6,575 | 6,952 | ||||||
Non-current liabilities | ||||||||
Lease liability | 1,536 | 1,758 | ||||||
Long term loans | 28 | 29 | ||||||
Deferred revenues | 239 | - | ||||||
Total non-current liabilities | 1,803 | 1,787 | ||||||
Total liabilities | 8,378 | 8,739 | ||||||
Equity | ||||||||
Share capital of no par value – Authorized: unlimited at | 206,883 | 206,953 | ||||||
Warrant Reserve | 10,147 | 10,147 | ||||||
Accumulated other comprehensive income | (1,260) | (1,872) | ||||||
Reserve with respect to transactions with non-controlling interests | 927 | 927 | ||||||
Accumulated losses | (147,182) | (138,788) | ||||||
Total equity attributable to Company shareholders | 69,515 | 77,367 | ||||||
Non-controlling interests | (1,793) | (1,583) | ||||||
Total equity | 67,722 | 75,784 | ||||||
Total liabilities and equity | $ | 76,100 | $ | 84,523 | ||||
| ||||||||
For the period of three Months Ended | ||||||||
2026 | 2025 | |||||||
Revenues | $ | 3,317 | $ | 1,547 | ||||
Cost of revenues | 3,804 | 967 | ||||||
Gross profit | (487) | 580 | ||||||
Expenses: | ||||||||
Research and development costs | $ | 2,619 | $ | 1,311 | ||||
Sales and marketing costs | 2,194 | 428 | ||||||
General and administration expenses | 3,042 | 5,416 | ||||||
Operating loss | (8,342) | (6,575) | ||||||
(Loss) gain on revaluation of warrant liabilities | - | 400 | ||||||
Financial income | 160 | 449 | ||||||
Financial expenses | (422) | 39) | ||||||
Net loss for the period from continuing operations | (8,604) | (5,765) | ||||||
Net loss for the period from discontinuing operations | - | (989) | ||||||
Net loss for the period | $ | (8,604) | $ | (6,754) | ||||
Less: Net loss attributable to non-controlling interests | (210) | (332) | ||||||
Net profit (loss) attributable to controlling shareholders | (8,394) | (6,422) | ||||||
Net loss for the period | $ | (8,604) | $ | (6,754) | ||||
Other comprehensive income | ||||||||
Item that will not be reclassified to profit or loss: | ||||||||
Adjustments arising from translating financial statements of foreign operations | 612 | 810 | ||||||
Other comprehensive income | 612 | 810 | ||||||
Total comprehensive loss for the period | $ | (7,992) | $ | (5,944) | ||||
Less: Comprehensive loss attributable to non-controlling interests | (210) | (332) | ||||||
Comprehensive loss attributable to the Company's shareholders | (8,394) | (6,422) | ||||||
$ | (8,604) | $ | (6,754) | |||||
Basic and diluted loss per share from continuing operations | $ | (0.19) | $ | (0.16) | ||||
Basic and diluted loss per share from discontinued operations | $ | - | $ | (0.03) | ||||
Weighted average number of shares outstanding | 44,519,493 | 33,029,519 | ||||||
View original content:https://www.prnewswire.com/news-releases/a2z-announces-financial-results-for-first-quarter-2026-302773435.html
SOURCE
