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(NASDAQ: AZ) Just Landed On The Street Ideas Watchlist This Morning—Tuesday, October 6, 2026
Don’t Miss Our Next Update—Get Real-Time Alerts Sent Directly To Your Phone. Up To 10X Faster Than Email. Get (NASDAQ: AZ) On the Radar While It’s Early… October 6, 2026 Dear Reader, The grocery aisle hasn't changed much in fifty years… The carts are the same. The checkout lines are the same. The frustration is the same. Meanwhile, the digital side of retail has been transformed top to bottom — from AI-personalized recommendations to real-time analytics to seamless one-click purchases. The physical store, which still accounts for roughly 85% of global grocery revenue, has barely been touched by any of it. But something is shifting now, and it's worth paying attention to. A company called A2Z Cust2Mate Solutions Corp. (NASDAQ: AZ) is doing what retail technology has been promising for years — turning the physical shopping cart into a connected, AI-powered commerce platform that generates data, delivers targeted media, and lets shoppers skip the checkout line entirely. That's why (NASDAQ: AZ) is topping our watchlist this morning — Tuesday, October 6th, 2026. 
And the numbers behind this story are starting to get real… In Q2 2026, A2Z Cust2Mate Solutions Corp. (NASDAQ: AZ) reported revenue of $5.9M, a 409% year-over-year surge that nearly doubled the prior quarter's top line. Gross margin hit 42.6%, up from 23.3% in the year-ago period. That's not a pilot program. That's a ramp. The Platform That Does Three Things at Once
What makes (AZ) different from prior attempts at smart carts is the architecture… The system is built around a retrofit-ready, detachable 13.3-inch SmartPanel that clips onto existing cart fleets — no new carts required, no store redesign. A store can be retrofitted in roughly a day. That matters when you're talking about chain-wide rollouts across dozens of locations. The SmartPanel integrates scanning, cameras, computing, sensors, and payment in one unit. AI-powered computer vision identifies items and cart contents in real time, validating what is scanned against what is placed in the cart. Weight-sensor validation cross-checks basket contents. And multi-sensor data fusion flags suspicious behavior instantly, without slowing the shopper down. But the cart itself is just the beginning. The Cust2Mate platform runs three integrated solutions. 
ShopMate handles the shopper-facing experience — scan-and-go, personalized offers, loyalty integration, and on-cart checkout. MediaMate turns every cart screen into a measurable advertising channel, delivering targeted campaigns at the exact moment shoppers are making decisions. And InsightMate converts in-store behavior data into licensable analytics for retailers and consumer brands. That three-layer model — hardware subscription, retail media revenue share, and data licensing — creates a recurring-revenue flywheel. Every new deployment expands the connected footprint. More carts mean more shopper engagement and more data, which drives higher media and analytics monetization per cart… And according to the company's own deployment data, basket size with Cust2Mate carts runs up to 150% higher than standard carts. That's the kind of metric that gets retailers to expand their commitments. An Order Book That Keeps Growing
The contracted backlog now sits at more than $195M across roughly 19,000 carts scheduled for delivery through 2027. That figure has expanded meaningfully in recent months… In August, Sapir Group — a fast-growing Israeli supermarket chain with more than 70 stores — placed a follow-on order for 4,000 additional smart carts, expanding its total commitment to 7,000 units. The total value of Sapir Group's orders comes to roughly $84M over the life of the agreements. More recently, Sapir has acquired approximately 20 stores previously operated by Carrefour Israel, substantially expanding its retail footprint and the potential scale of the Cust2Mate deployment. Days later, HaStock, a home goods retail chain with over 50 stores in Israel, added another 1,050 carts to its original order — bringing its total to 3,050 smart carts under a five-year agreement valued at an additional ~$11M. And then on August 27th, A2Z Cust2Mate Solutions Corp. (NASDAQ: AZ) signed an in-store retail media agreement with HaStock, receiving all in-store retail media and advertising rights across HaStock stores — not just on-cart, but throughout the entire store environment. That 24-month agreement signals a meaningful expansion of the retail media business beyond the smart cart itself. "Retail media is an important growth area for AZ and a natural extension of the infrastructure and shopper engagement we are building inside physical stores," CEO Gadi Graus said in the announcement. "This agreement deepens our partnership with HaStock and gives us additional angles to connect brands with shoppers during the in-store journey." The pattern here is worth noting. Both Sapir and HaStock started with initial orders, then expanded. That's the dynamic you want to see in an enterprise software-plus-hardware model — land, validate, expand. The company has said that contract terms typically run 36 to 60 months, with up to 250 smart carts per store. These aren't letters of intent… These are contracted purchase orders with multi-year terms and revenue-sharing components baked in. The Manufacturing Lever
One of the biggest questions around (AZ) earlier this year was whether the company could actually deliver carts at the pace needed to convert its backlog into revenue. That question is getting answered. A dedicated manufacturing facility in China came online in Q2 2026, materially increasing delivery capacity. The facility was purpose-built for high-volume rollouts rather than one-off pilots, and its mass-production capability is designed to support chain-wide deployments at scale. Cart shipments nearly doubled sequentially — from 500 in Q1 to 950 in Q2 — with 3,350 total units delivered as of June 30th. Management has reaffirmed a year-end target of 10,000 cumulative carts delivered, with projected H2 2026 Smart Cart revenues of $25M weighted to Q4. And the geographic expansion story is just getting started… The company has said it expects to see its smart carts deployed in at least two retailers outside of Israel in the next six months, with several sales and marketing initiatives in process targeting Europe and the Americas. That kind of geographic diversification could add meaningful upside potential beyond the current contracted base — and would bring the company closer to validating the platform across different retail environments, regulatory frameworks, and consumer behaviors. Each new geography represents not just new carts, but new retail media inventory and new data sets. The company also secured a $30M non-dilutive credit line with Bank Leumi to fund inventory and production scale-up. And a corporate realignment is expected to reduce operating expenses by roughly $7M on an annual basis, with savings commencing in Q4. As of June 30th, (AZ) held $43.4M in cash and liquid financial assets, with the Bank Leumi facility largely undrawn. The company also has a $20M share repurchase program in place, with $5.8M already repurchased as of June 30th… The broader market context here is significant. According to the company's September 2026 presentation — citing data from 360i Research, WARC, GroupM, and Growth Market Reports — the global smart shopping cart market is projected to exceed $10B by 2030, growing at a ~27% CAGR. That alone would be a large addressable market. But the Cust2Mate platform isn't just hardware. It taps into a $175B global retail media advertising market growing at ~10% CAGR, alongside a retail data monetization segment projected to reach $20B by 2033 at a ~19% CAGR. The combination of those three revenue streams — cart subscriptions, media, and data — is what gives the model its compounding characteristics. And the Caper acquisition comparison is worth noting. Benchmark points out that Instacart reportedly acquired Caper at roughly 35x LTM revenue — a figure that puts the current valuation in sharp relief. That's a name that could be worth watching closely from here. 7 Reasons Why (NASDAQ: AZ) Just Landed On Our Watchlist This Morning—Tuesday, October 6, 2026
1. Accelerating Revenue: Q2 2026 revenue came in at $5.9M, a 409% increase year-over-year, with gross margin nearly doubling to 42.6% — clear evidence of the unit economics improving as deliveries scale. 2. Massive Contracted Backlog: The order book now exceeds $195M across ~19,000 carts scheduled through 2027, providing multi-year revenue visibility that few companies at this market cap can match. 3. Sapir Group Expansion: A follow-on order for 4,000 additional carts expanded Sapir's total commitment to 7,000 units worth ~$84M — demonstrating how existing relationships grow alongside retail partners. 4. Retail Media Breakthrough: The in-store retail media agreement with HaStock extends advertising rights beyond the cart to the entire store environment — a concrete step in building the higher-margin recurring media revenue stream. 5. Manufacturing Capacity Online: A dedicated China facility came online in Q2, supporting the 10,000-cart year-end delivery target and underpinning management's $25M H2 2026 revenue projection. 6. Non-Dilutive Funding Secured: A $30M Bank Leumi credit facility funds the scale-up without shareholder dilution, complementing $43.4M in existing cash and financial assets. 7. Analyst Coverage Points Higher: Northland Capital Markets carries a $15 target with an Outperform rating, while Benchmark holds a $30 target — with the consensus per-share target at $22.50 according to Yahoo Finance. Get (NASDAQ: AZ) On the Radar While It’s Early…
The smart cart space is moving from concept to deployment… And A2Z Cust2Mate Solutions Corp. (NASDAQ: AZ) is converting a growing backlog into real revenue at expanding margins, with a funded balance sheet, a dedicated manufacturing base, and a multi-layered platform that could generate compounding returns per cart as the installed base scales. For anyone watching how physical retail adapts to the connected commerce era, this is a name that deserves a closer look. We have all eyes on (NASDAQ: AZ) this morning. Take a look at (AZ) while it’s early. Sincerely, Paul Prescott
Co-Founder & Managing Editor
Street Ideas Newsletter |
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