Technology

A2Z Reports Second Quarter 2026 Revenue of $5.9 Million

Published

4 hours ago

August 12, 2026

Delivery of Carts Nearly Doubled SequentiallyCommenced Deliveries to New Supermarket Customer During the Second QuarterSuccessful Execution Underscores Confidence in 2026 Year-End Target of 10,000 Carts; 3,350 Total Units Delivered to Customers as of June 30, 2026Projected H2 2026 Smart Cart Revenues of $25 Million, Weighted to the Fourth QuarterDedicated Manufacturing Facility Brought Online in Q2 Significantly Increases Delivery CapacityFinancing Facility Initiated with Bank Leumi for a $30 Million Credit LineCost Management Initiatives to be Completed in the Third Quarter will Reduce Operating Expenses by Approximately $7 Million Annually

Management to Host Conference Call at 5 PM ET Today

Second Quarter 2026 Highlights
(All comparisons made are against the prior-year period unless otherwise noted)

Delivered 950 units in the second quarter, up from 500 in the first quarter.Total revenue increased to $5.9 million from $1.2 million; Smart Cart revenue of $4.41 million increased 80% sequentially, from $2.45 million.Gross profit increased to $2.5 million, up from $0.3 million.Gross margin was 42.6%, compared to 23.3%.Net loss was $7.3 million, compared to a loss of $12.6 million.

TORONTO, Aug. 12, 2026 /PRNewswire/ — A2Z Cust2Mate Solutions Corp. (NASDAQ: AZ) (the “Company” or “A2Z”), a global leader in smart retail technology, announced earlier today its financial results for the second quarter ended June 30, 2026.

Management Commentary

“Second quarter results demonstrated strong execution from both an operational and financial perspective,” noted Gadi Graus, Chief Executive Officer of A2Z Cust2Mate. “We nearly doubled unit deliveries from first quarter levels, including to an important new customer. We also introduced our next-generation Connected In-Store Commerce Platform, representing a significant evolution of our technology architecture and positioning the Company to support enterprise-scale deployments, retail media and in-store intelligence. In addition, we closed a $30 million line of credit with Bank Leumi, which provides funding to support the company’s growth.

“The new customer, HaStock, a leading home goods retail chain in Israel with over 50 stores nationwide, took delivery of roughly half of the 2,000 units they contracted, and we are pleased to add this well-known retailer to our client roster. In addition, we recently announced an increased order from Super Sapir, a large food retailer in Israel with over 70 stores, for 4,000 additional units.

“In the second half of the year, we expect to accelerate shipments to several customers as a result of our dedicated Chinese mass manufacturing facility, which went online in the second quarter. In addition, there are several sales and marketing initiatives in process that provide considerable opportunities for expansion to Europe and the Americas. As we increase deliveries, we are gaining the capability to capitalize on retail media, which we expect to be a long-term growth and profit driver for the Company.

“During the quarter, we unveiled our next-generation Connected In-Store Commerce Platform, marking a significant evolution from a product-centric offering to a unified enterprise platform for modern retail. The platform connects shopper engagement, store operations, retail media and in-store intelligence through a scalable architecture designed for efficient manufacturing, large-scale deployment and chain-wide operations. The platform is designed to support retailers’ digital transformation while creating new recurring revenue opportunities.

“We also are pleased to welcome Gadi Levin, our newly announced CFO, to the executive team. Gadi has decades of financial management experience and will be a huge asset as we scale the business. With his support, we are executing a corporate realignment, which is expected to reduce operating expenses by approximately $7 million on an annual basis when completed. The initiative is designed to enhance our commercial expansion opportunities and sales efforts, while preserving our delivery capabilities.

“The $30 million credit line we closed with Bank Leumi will help fund inventory as we continue to scale our business and will support our future growth. It is also recognition of the substantial progress we are making in cart deliveries.

“Looking ahead, the Company continues to work overseas with potential new clients, and we expect to see our smart carts in at least two retailers outside of Israel in the next six months.

“During the second half of the year, we expect to deliver new carts to a number of customers and anticipate a meaningful sequential increase in deliveries in the third quarter, taking into consideration the September holiday calendar in Israel, followed by a major uptick in the fourth quarter. We also expect to grow our retail media revenues as we accelerate cart deliveries.

“Our year-to-date performance, backlog, and visibility support our confidence in achieving our target of 10,000 deliveries by year-end 2026, increasing to 19,000 scheduled deliveries by the end of 2027. These metrics are based on existing purchase orders and contracted backlog, with additional order activity representing potential upside.”

Second Quarter Fiscal 2026 Results
(All comparisons made are against the prior-year period unless otherwise noted)

Revenue increased to $5.9 million, from $1.2 million in the prior year due to increased delivery of our new smart carts.

Gross profit increased to $2.5 million, from $0.3 million a year ago representing a gross margin of 42.6%, compared with 23.3% in the prior year quarter. The absolute increase is due to increased revenues and the improved margin is due to the achievement of economies of scale as we ramp up our manufacturing capabilities.

Operating loss was $7.6 million, compared to $6.8 million in the prior year quarter. The increased loss is primarily a result of increased payroll costs, which will now be reduced as part of our cost management initiatives.

Net loss for the period was $7.3 million compared to $12.6 million in the prior year quarter. The decreased net loss is primarily as a result of improved revenues and gross margin, offset by an increase in operating expenses. In the prior period, the Company incurred a net loss from discontinued operations of $1.4 million, which contributed to an increase in net loss in that period.

Conference Call

Management will host a conference call on August 12, 2026, at 5 PM Eastern Time to discuss the company’s second quarter financial results.

The conference call may be accessed by dialing 1-877-317-6789 (U.S. toll-free), +972 3-374-1008 (Israel Tel Aviv), or 1-412-317-6789 (International). The live webcast of the call can be accessed using the following link: https://event.choruscall.com/mediaframe/webcast.html?webcastid=s59Aphpy

About A2Z Cust2Mate Solutions Corp.

A2Z Cust2Mate Solutions Corp. (NASDAQ: AZ) makes in-store retail smarter by connecting retailers, brands, and shoppers at the Smart Cart. Cust2Mate transforms everyday shopping carts into AI-powered, connected commerce platforms that elevate the in-store experience, turning each visit into a seamless, personalized, and rewarding journey. The Smart Cart platform helps retailers and brands grow revenue through targeted retail media and real-time shopper engagement at the moment purchase decisions are made. It delivers actionable, real-time data that provides full visibility into in-store shopper behavior and decision-making. With its modular, state-of-the-art technology, Cust2Mate enables retailers to increase revenue, optimize store operations, and mitigate loss across their chains at scale.

For more information on A2Z Cust2Mate Solutions Corp. and its subsidiary, Cust2Mate Ltd., please visit www.cust2mate.com.

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 SEC. Actual results, performance or achievements could differ materially from those contemplated, expressed or implied by the forward-looking statements contained herein. Forward-looking statements contained in this announcement are made as of this date, and the company disclaims any intention or obligation, except to the extent required by law, to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. This press release does not constitute an offer to sell or a solicitation of an offer to sell any of the securities described herein.

A2Z CUST2MATE SOLUTIONS CORP.
CONDENSED CONSOLIDATED INTERIM STATEMENTS OF LOSS AND COMPREHENSIVE LOSS
(Unaudited)
(Expressed in Thousands of US Dollars, except per share data)

Three Months Ended

June 30,

Six Months Ended

June 30,

2026

2025

2026

2025

Revenues

5,904

1,160

9,221

2,707

Cost of revenues

3,392

890

6,570

1,857

Gross profit

2,512

270

2,651

850

Expenses:

Research and development costs

3,991

3,919

6,921

5,230

Sales and marketing costs

2,676

828

4,870

1,256

General and administration expenses

3,435

2,320

6,477

7,736

Operating loss

(7,590)

(6,797)

(15,617)

(13,372

Loss on revaluation of warrant Liabilities

–

(4,135)

–

(3,735

Financial income (expense), net

254

(223)

–

187

Net loss for the period from continuing operations

(7,336)

(11,155)

(15,617)

(16,920

Net loss for the period from discontinued operations

–

(1,436)

–

(2,425

Net loss for the period

(7,336)

(12,591)

(15,617)

(19,345

Less: Net loss attributable to non-controlling interests

(179)

(76)

(388)

(408

Net loss attributable to controlling shareholders

(7,157)

(12,515)

(15,229)

(18,937

Net loss for the period

(7,336)

(12,591)

(15,617)

(19,345

Other comprehensive income

Item that will not be reclassified to profit or loss:

Adjustments arising from translating financial statements of foreign operations

2,075

(274)

2,651

536

Other comprehensive income

2,075

(274)

2,651

536

Total comprehensive loss for the period

(5,261)

(12,865)

(12,966)

(18,809

Less: Comprehensive loss attributable to non-controlling interests

(179)

(76)

(388)

(408

Comprehensive loss attributable to the Company’s shareholders

(5,082)

(12,789)

(12,578)

(18,401

Total comprehensive loss for the period

(5,261)

(12,865)

(12,966)

(18,809

Basic and diluted loss per share from continuing operations

(0.16)

(0.31)

(0.34)

(0.48

Basic and diluted loss per share from discontinued operations

–

(0.04)

–

(0.07

Weighted average number of shares outstanding

44,749,055

35,304,220

44,155,780

34,177,189

A2Z CUST2MATE SOLUTIONS CORP.
CONDENSED CONSOLIDATED INTERIM STATEMENTS OF FINANCIAL POSITION
(Unaudited)
(Expressed in Thousands of US Dollars, except per share data)

June 30,

2026

December 31,

2025

ASSETS

Current assets

Cash and cash equivalents

14,782

13,525

Restricted cash

3,875

384

Financial assets at fair value

28,614

55,642

Inventories

8,095

3,891

Trade receivables, net

5,167

3,034

Other accounts receivable

2,972

2,937

Total current assets

63,505

79,413

Non-current assets

Intangible asset

626

637

Long term financial assets at fair value

342

333

Long-term trade receivables

6,250

1,221

Property, equipment and right of use assets, net

3,457

3,556

Total non-current assets

10,675

5,747

Total Assets

74,180

85,160

LIABILITIES AND SHAREHOLDERS’ EQUITY

Current liabilities

Current portion of long-term loan

843

Lease liability

865

819

Trade payables

5,113

3,348

Other accounts payable

1,627

2,200

Warrant Liability)

–

576

Total current liabilities

8,448

6,952

Non-current liabilities

Lease liability

1,471

1,758

Long term loan

1,374

Total non-current liabilities

2,845

1,787

Total liabilities

11,293

8,739

Equity

Share capital and additional paid in capital

219,298

206,953

Warrant Reserve

3,054

10,147

Accumulated other comprehensive income (loss)

779

(1,872)

Reserve with respect to transactions with non-controlling interests

927

Treasury stock

(5,820)

–

Accumulated losses

(153,416)

(138,187)

Total equity attributable to Company shareholders

64,822

77,968

Non-controlling interests

(1,935)

(1,547)

Total equity

62,887

76,421

Total liabilities and equity

74,180

85,160

View original content:https://www.prnewswire.com/news-releases/a2z-reports-second-quarter-2026-revenue-of-5-9-million-302850045.html

SOURCE A2Z Cust2Mate Solutions Corp.

Technology

Pepperstone Appoints New CTO to Drive AI-Native Proprietary Tech Push

Published

41 minutes ago

August 12, 2026

Former Xero engineering executive Nigel Fernandes will lead Pepperstone’s push to own more of its technology as the business expands into crypto and new markets.

MELBOURNE, Australia, Aug. 13, 2026 /PRNewswire/ — Melbourne-based Pepperstone, a global online trading and fintech provider serving clients in more than 160 countries, today announced the appointment of Nigel Fernandes as Chief Technology Officer (CTO), effective 1 October 2026. The appointment comes as Pepperstone accelerates its shift toward owning more of its own technology, building a broader fintech ecosystem spanning crypto, AI-native engineering and institutional-grade infrastructure.

Fernandes brings more than 20 years of technology leadership experience across financial services, retail, media and enterprise software. He will join from Xero, where he serves as SVP and Executive General Manager of Engineering leading a global organisation across cloud platforms, customer identity and data. Prior to Xero, he held senior leadership roles at Publicis Sapient, Coles Group, SEEK and Envato.

“I’m excited to be joining Pepperstone at such a pivotal time for the business,” said Fernandes. “My focus will be building on the quality global brand that traders have trusted for years, investing in the technology we own to scale an AI-native engineering foundation that gives clients faster, more reliable access to the tools they need.”

“The technology underpinning our client experience is core to everything we do. We’re expanding Pepperstone into a genuine fintech ecosystem that opens access to crypto and new markets, while investing in our own technology to give clients a more personalised experience,” said Tamas Szabo, Group CEO of Pepperstone. “Nigel’s track record building high-performing engineering teams at some of the world’s best technology companies makes him the right leader to help us build that.”

As CTO, Fernandes will lead engineering, architecture, security and data globally, reporting to Group CEO Tamas Szabo. He will be based at Pepperstone’s global headquarters in Melbourne.

About Pepperstone

Pepperstone is a global fintech and CFD broker serving traders in more than 160 countries. The company provides access to forex, indices, commodities, shares, ETFs and digital asset markets through industry-leading platforms, competitive pricing and a strong regulatory framework.

View original content to download multimedia:https://www.prnewswire.co.uk/news-releases/pepperstone-appoints-new-cto-to-drive-ai-native-proprietary-tech-push-302849795.html

Technology

Nasdaq Entrepreneurial Center launches Northwest Arkansas program to help small businesses grow and connect students to paid internships

Published

41 minutes ago

August 12, 2026

Over two years, the program gives early-stage founders mentorship and coaching while placing local college students in paid internships at area startups

PALO ALTO, Calif., Aug. 12, 2026 /PRNewswire/ — The Nasdaq Entrepreneurial Center, a non-profit, today announced the launch of a first-of-its-kind initiative in Northwest Arkansas that pilots a single model to address two challenges at once: giving early-stage small businesses the mentorship and coaching they need to grow, while helping local college students start their careers through paid internships at those businesses. The two-year program is delivered in partnership with the University of Arkansas Office of Entrepreneurship and Innovation and Northwest Arkansas Community College (NWACC).

Supported by the Walton Family Foundation, the initiative is designed to build a new model that regions across the country can adapt to convert local entrepreneurial energy into lasting economic growth. Support for this work is foundational to Northwest Arkansas’s continued success as a national leader in innovation and entrepreneurship. The Wells Fargo Foundation provides additional support for the initiative.

Early-stage companies often lack access to the networks and knowledge they need to scale. At the same time, many students at the region’s colleges have limited access to clear pathways into the innovation economy. These two gaps exist side by side, and each reinforces the other.

The initiative is the first time the Center has brought together two programs it has run separately: Milestone Circles, which provides structured coaching and learning within peer cohorts; and Startup Intern Match, a paid internship placement program connecting university students with early-stage startups.

Startups entering the program are enrolled concurrently in Milestone Circles and Startup Intern Match, giving them onboarding frameworks and coaching before their interns arrive so they can make the most of the incoming talent. Across the grant period, the program will support four early-stage founder cohorts totaling 70 startups and place 140 students in paid internships.

Applications are open on a rolling basis and can be submitted at https://nasdaqcenter.org/milestone-circles-ar/#apply.

Milestone Circles in Northwest Arkansas

A CEO peer-cohort program that brings together early-stage founders for structured coaching, peer accountability, and shared learning. Four cohorts will run over two years, supporting 70 early-stage startups, with up to 16 in-person sessions per cohort, including onboarding, accountability sessions, and a graduation. Projected outcomes across the grant period include an average revenue increase of at least 10% among revenue-generating participants, a combined minimum of $500,000 in new capital raised, and at least 30 new jobs created.

The program is part of the Center’s national Milestone Circles initiative, which has graduated 8,381 founders across 17,839 applications to date. In 2025 alone, the program delivered 5,267 hours of technical assistance across 238 program experiences, and enrollment is expected to surpass 9,000 participants in 2026.

Startup Intern Match in Northwest Arkansas

A paid internship placement program connecting University of Arkansas and NWACC students with early-stage startups across four cohorts over two years, led on the student side by the University of Arkansas Office of Entrepreneurship and Innovation. Students are compensated at $15 per hour for 10 hours per week over 12-week placements. Startups entering the program are enrolled concurrently in Milestone Circles, giving them onboarding frameworks and coaching before interns arrive. Across the grant period, 140 students will be placed.

The Center brings a proven track record in student placement. Most recently, working with Lehigh University, the Center placed 80 to 120 students per semester in startup internships. Demand is substantial, with more than 4,150 startups requesting interns to date, exceeding current program capacity by 32 times.

Both programs close with a joint graduation and Nasdaq Tower recognition in Times Square. Local advisor Matt Waller, former dean of the University of Arkansas Sam M. Walton College of Business, provides regional credibility and on-the-ground relationship support, and facilitates Milestone Circles NWA.

Quotes

“Northwest Arkansas is a hub of innovation and entrepreneurial energy, and we are proud to partner with the Walton Family Foundation to fuel that momentum,” said Nicola Corzine, CEO and Founding Executive Director of the Nasdaq Entrepreneurial Center. “Milestone Circles and Startup Intern Match will create real, lasting connections between students and startups, between founders and mentors, and between the Center and the Northwest Arkansas community.”

“Through the Office of Entrepreneurship and Innovation, we are committed to immersive learning that connects students with real-world challenges, founders, and emerging companies,” said Brent Williams, dean of the Sam M. Walton College of Business at the University of Arkansas. “We are pleased to partner with the Nasdaq Entrepreneurial Center and Northwest Arkansas Community College on Startup Intern Match, an initiative that expands access to startup experiences while strengthening the talent pipeline across our region.”

“This partnership connects classroom learning with paid, real-world experience at startups across Northwest Arkansas, helping students build the skills and professional networks they need for strong careers,” said Dr. Chris LaFata, dean of Business and Computer Information Systems at Northwest Arkansas Community College.

“Northwest Arkansas has no shortage of ambitious founders. What they often lack is a room of peers who will ask the hard questions and hold them accountable. That is what Milestone Circles provides,” said Matt Waller, professor at the Sam M. Walton College of Business at the University of Arkansas and facilitator of Milestone Circles NWA.

“Entrepreneurship can be a lonely journey,” said Yee-Lin Lai, senior program officer for the Walton Family Foundation’s Home Region Program. “Milestone Circles will connect Northwest Arkansas founders with peers and mentors who can help them navigate challenges and grow, while startup internships will give students hands-on experience and help build the region’s next generation of entrepreneurial talent.”

About the Nasdaq Entrepreneurial Center

The Nasdaq Entrepreneurial Center is a non-profit committed to growing access and resources for entrepreneurs. Since 2015, the Center has served more than 140,000 entrepreneurs worldwide, meeting the real-time needs of founders through educational programming and advancing entrepreneurial opportunity by sharing insights with policy leaders, capital allocators, and academic partners.

About the Walton Family Foundation

The Walton Family Foundation is at its core, a family-led foundation. Three generations of the descendants of our founders, Sam and Helen Walton, and their spouses, work together to lead the foundation and create access to opportunities for people and communities. We work in three areas: improving education, protecting rivers and oceans and the communities they support, and investing in our home region of Northwest Arkansas and the Arkansas-Mississippi Delta. To learn more, visit waltonfamilyfoundation.org.

About the Milestone Circles NWA facilitator

Matt Waller is a Professor of Supply Chain Management at the Sam M. Walton College of Business at the University of Arkansas, where he holds the William Dillard II Endowed Leadership Chair. He served as dean of the college for eight years before returning to full-time faculty in 2023. He co-founded Mercari Technologies, one of Arkansas’s first venture-backed companies, and advises early-stage founders across Northwest Arkansas. He facilitates Milestone Circles NWA.

Media contact

Nasdaq Entrepreneurial Center

thecenter@extensionpr.com

View original content to download multimedia:https://www.prnewswire.com/news-releases/nasdaq-entrepreneurial-center-launches-northwest-arkansas-program-to-help-small-businesses-grow-and-connect-students-to-paid-internships-302850230.html

SOURCE Nasdaq Entrepreneurial Center

Technology

How TruTrade Is Making Advanced Trading Technology More Accessible

Published

2 hours ago

August 12, 2026

TruTrade is focused on simplifying how traders interact with advanced AI-driven technology while providing flexibility and control over the trading experience

SCOTTSDALE, Ariz., Aug. 12, 2026 /PRNewswire/ — Advanced trading technology does not have to mean a complicated trading experience. TruTrade, a software company specializing in AI-driven trading technology, is focused on making sophisticated trading tools easier to understand, configure, and use for traders with different levels of experience and different approaches to the markets.

As trading technology has evolved, traders have gained access to increasingly sophisticated tools for automation, market analysis, strategy execution, and risk management. However, more advanced technology can also introduce additional complexity. TruTrade develops its software with an emphasis on simplifying the way users interact with these capabilities, allowing the technology to handle complex processes while providing traders with straightforward controls over their experience.

Through TruTrade’s AI-driven software, users can establish trading preferences and risk parameters while maintaining control over when the technology operates. This approach is designed to reduce the amount of manual interaction required during a trading session without removing the trader from the process. Users can start, pause, or stop the software based on their individual preferences.

TruTrade also recognizes that accessibility means providing different ways to interact with trading technology. RipperONE AI offers a chartless AI-driven trading experience for users who prefer greater automation and less interaction with traditional charts. TruTrade’s Interactive AI Chart-Based Suite provides a more hands-on environment for traders who prefer to engage directly with charts and trading tools.

QuickFund AI complements TruTrade’s software by helping traders obtain funded proprietary trading accounts through compatible third-party proprietary trading firms. The service provides eligible traders with a pathway to access funded trading capital for use with compatible TruTrade technology. Funding decisions are made solely by the selected proprietary trading firm.

As AI continues to influence the development of trading software, TruTrade remains focused on combining advanced technology with an approachable user experience. By simplifying how traders interact with AI-driven tools while preserving flexibility and user control, TruTrade aims to make sophisticated trading technology easier to incorporate into a wider range of trading approaches.

For more information about TruTrade and its AI-driven trading solutions, visit TruTrade.io.

View original content to download multimedia:https://www.prnewswire.com/news-releases/how-trutrade-is-making-advanced-trading-technology-more-accessible-302850174.html

SOURCE TruTrade