Cust2Mate (AZ) Q3 2026 earnings summary

Executive summary

• Q3 deliveries more than doubled sequentially to 2,000 Smart Carts, exceeding H1 deliveries; revenue reached $10.932M.

• Rising orders after initial deployments and a larger installed base are expected to support a more predictable revenue cadence.

• Next-generation connected in-store commerce platform combines Smart Carts, personalized engagement, retail media and shopper insights.

Financial highlights

• Q3 revenue was $10.932M vs. $1.547M in Q3 2025; 9M revenue was $20.153M vs. $4.254M.

• Smart Cart revenue was $9.6M in Q3 vs. $4.4M in Q2; total revenue was $10.9M vs. $5.9M sequentially.

• Q3 gross profit was $3.656M; operating loss was $6.842M and net loss was $6.565M, vs. sequential Q2 losses of $7.6M and $7.3M, respectively.

• 9M operating loss was $22.459M vs. $17.485M; net loss was $22.182M vs. $20.744M.

Outlook and guidance

• Targeting 10,000 cumulative Smart Cart deliveries by year-end 2026, implying 4,650 Q4 deliveries; current backlog supports 19,000 cumulative deliveries by end-2027, with new orders as potential upside.

• Q4 deliveries expected to exceed total deliveries for the first nine months; H2 2026 Smart Cart revenue target remains at least $25M, excluding retail media.

• Expected Smart Cart deployments at two international retailers in Q1 2027; no 2027 delivery-volume guidance was given.

• Full quarterly savings run-rate of ~$1.75M expected in Q4, or $7M annualized.