A2Z Cust2Mate Solutions Corp (OQ:AZ)
Business Focus: IT Services & Consulting
| Sector: Technology | Industry: IT Services & Consulting |
| Company Contact | |
| Address: | 559 Briar Hill Avenue TORONTO ON M5N 1N1 |
| Tel: | N/A |
| Website: | https://cust2mate.com |
| IR: | See website |
| Key People | ||
| Bentsur Joseph Chairman of the Board | Gadi Graus Chief Executive Officer, Director | Gadi Levin Chief Financial Officer | Danny Bechar Chief Technology Officer |
| Business Overview |
| A2Z Cust2Mate Solutions Corp. is a Canada-based technology company. The Company is engaged in the development and commercialization of retail smart cart solutions designed primarily for use in large grocery stores and supermarkets (Cust2Mate Carts), manufacturing of precision metal parts, provision of maintenance services in Israel (Maintenance Services), and development of its Fuel Tank Inertia Capsule System (FTICS) technology and a vehicle device cover for the military and civilian automotive industry (collectively, Automotive Products). Its segments include Services, Smart Carts and Precision Metal Parts. Its primary product is the Cust2Mate system, which incorporates a smart cart which automatically calculates the value of the customers purchases in their smart cart. The product includes big data smart algorithms and computer vision capabilities, allowing for customer specific targeted advertising. Its other services include providing maintenance services and container leasing. |
| Financial Overview |
| For the six months ended 30 June 2024, A2Z Cust2Mate Solutions Corp revenues decreased 57% to $3.2M. Net loss decreased 77% to $2.4M. Revenues reflect Smart Carts segment decrease of 97% to $153K, Advanced engineering segment decrease of 42% to $852K. Lower net loss reflects Advanced engineering segment income totaling $38K vs. loss of $56K. Basic Earnings per Share excluding Extraordinary Items increased from -$0.79 to -$0.11. |
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