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AZ

A2Z Cust2Mate Solutions Corp.

AZ

A2Z Cust2Mate Solutions Corp. • NASDAQ
$7.09 ▲ 1.87% (+0.13)
Market Cap $233.10 M
52w High $12.36
52w Low $5.00
Dividend Yield 0%
P/E -7.09
Volume 202.90K
Outstanding Shares 32.88M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $1.547M ▲ $4.639M ▼ $-1.305M ▲ -84.357% ▲ $-0.035 ▲ $-1.118M ▲
Q2-2025 $1.16M ▼ $7.067M ▼ $-12.515M ▼ -1.079K% ▼ $-0.35 ▼ $-10.809M ▼
Q1-2025 $1.974M ▲ $8.154M ▲ $-6.421M ▲ -325.279% ▲ $-0.19 ▲ $-6.528M ▼
Q4-2024 $1.857M ▼ $4.833M ▲ $-11.378M ▼ -612.709% ▼ $-0.43 ▼ $-2.645M ▲
Q3-2024 $2.074M $3.658M $-3.215M -155.014% $-0.15 $-3.242M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $70.407M ▲ $81.915M ▲ $10.652M ▼ $72.564M ▲
Q2-2025 $36.028M ▲ $46.098M ▲ $14.568M ▲ $32.736M ▲
Q1-2025 $35.047M ▲ $42.178M ▲ $10.843M ▼ $32.465M ▲
Q4-2024 $13.732M ▲ $18.878M ▲ $12.034M ▲ $13.909M ▲
Q3-2024 $3.442M $10.152M $10.656M $5.779M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $-1.305M ▲ $-4.039M ▲ $-20.434M ▼ $42.954M ▲ $9.774M ▲ $-4.558M ▲
Q2-2025 $-12.592M ▼ $-5.876M ▼ $2.568M ▲ $6.343M ▼ $4.26M ▼ $-5.975M ▼
Q1-2025 $-6.753M ▲ $-3.811M ▼ $-10.696M ▼ $25.713M ▲ $10.665M ▲ $-3.857M ▼
Q4-2024 $-11.378M ▼ $-3.207M ▼ $-29.429K ▲ $12.2M ▲ $10.29M ▲ $-3.236M ▼
Q3-2024 $-3.533M $-589K $-75K $4.289M $2.713M $-664K

Five-Year Company Overview

Income Statement

Income Statement AZ’s income statement looks like that of a very early‑stage tech company: tiny revenues and recurring losses. Sales have barely started and have not shown meaningful growth yet, so the business is still essentially in the “building” rather than “harvesting” phase. Operating and net losses have been steady and modest in absolute size, but they are large relative to the company’s very small revenue base. Losses appear to have narrowed slightly over time, suggesting some cost control, yet there is still no clear sign of scale or operating leverage. Overall, the story here is clear: the technology and commercial model are being developed, but the financials do not yet reflect successful commercialization or a path to profitability.

Balance Sheet

Balance Sheet The balance sheet is very small, reflecting a tiny company with limited resources. Assets and equity are low, which means there is not a large cushion to absorb ongoing losses. The absence of debt reduces financial pressure from interest payments, which is a positive. However, with such a thin equity base and limited cash, the company is likely dependent on raising additional capital to fund operations if revenues do not ramp up meaningfully. In simple terms: the balance sheet is clean but fragile. It offers flexibility (no leverage) but also highlights funding and dilution risk if the business takes time to scale.

Cash Flow

Cash Flow Cash flow from operations has been consistently negative, showing a steady cash burn to support development, sales efforts, and overhead. This is typical for a small tech innovator, but it means the company is not yet self‑funding. Free cash flow is also negative and closely tracks operating cash flow, as capital spending appears minimal. That suggests an asset‑light model, but it also means that nearly all the cash burn is coming from running the business, not from heavy investment in physical assets. The key takeaway is that AZ depends on external funding or future revenue growth to sustain operations. Without a clear inflection in sales, ongoing cash usage remains a central risk.

Competitive Edge

Competitive Edge Strategically, AZ is trying to carve out a niche in smart retail technology with its Cust2Mate smart cart. The detachable control panel is a notable differentiator: it allows retailers to upgrade existing carts rather than replace them, lowering adoption friction and cost. The company emphasizes multi‑layered security against theft, in‑cart payments, and AI‑driven personalization. This combination directly targets pain points for grocers and big‑box retailers: shrinkage, long checkout lines, and lack of in‑store data. On the other hand, AZ competes against very strong players like Amazon and Instacart‑backed solutions. These rivals have much deeper pockets, established retail relationships, and powerful ecosystems. AZ’s reported deployments across multiple continents suggest early traction, but the limited reported revenue shows that this traction is not yet at scale. In short, AZ has a differentiated product concept and some first‑mover proof points, but it is playing in a field dominated by giants and still needs to convert its innovation into broad commercial adoption.

Innovation and R&D

Innovation and R&D Innovation is clearly the heart of AZ’s story. The smart cart is not just hardware; it is a software and data platform aimed at personalization, advertising, and analytics. The new AI and Business Insight Division signals a push to deepen the use of artificial intelligence for tailored recommendations, store optimization, and advanced fraud detection. If executed well, this could enhance the value proposition for both shoppers and retailers, and open higher‑margin software and data revenue streams. AZ is also positioning its carts as in‑store media screens and data collection hubs, which could support retail media networks and data monetization over time. However, the financials imply that all of this remains early: the company is investing in R&D and product build‑out before seeing substantial revenue returns, which raises execution and funding risks.

Summary

AZ is an early‑stage retail technology company with a compelling vision but very small current financial scale. Its income statement shows minimal revenue and ongoing losses, its balance sheet is small and thinly capitalized, and its cash flow pattern reflects continued cash burn. On the strategic side, the company has an interesting product in smart carts, a distinctive detachable panel design, and a clear focus on AI, analytics, and retail media. These elements could create a strong ecosystem if AZ can secure large‑scale retailer rollouts and monetize data and advertising effectively. The overall profile is high‑potential but high‑uncertainty. Success depends on converting innovation and pilots into significant, recurring revenue before the limited financial resources become a constraint. Outcomes could vary widely depending on execution, competitive responses, and access to additional capital.

NEWS

November 25, 2025 · 7:00 AM UTC

A2Z Cust2Mate Secures Purchase Order for 3,000 Smart Shopping Carts from "Super Sapir" Supermarket Chain

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November 13, 2025 · 4:05 PM UTC

A2Z Cust2Mate Solutions Corp. Announces Q3 2025 Financial Results Highlighting Strong Balance Sheet and Continued Growth

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October 9, 2025 · 7:00 AM UTC

A2Z Cust2Mate Launches Dedicated AI and Business Insight Division In Line with Next-Gen Smart Cart Rollout

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October 1, 2025 · 9:00 AM UTC

A2Z Cust2Mate Secures Additional Retail Media Milestone with Lego Adds Commission-Based Revenue Stream

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September 25, 2025 · 7:00 AM UTC

Cust2Mate Survey Reveals 61% of Shoppers Ready to Embrace Smart Shopping Carts

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