A2Z Technologies reports Q1 revenue of $3.32M, beating estimates, but GAAP EPS misses by $0.04.
A2Z Technologies posted a Q1 GAAP loss per share of $0.19, missing estimates by $0.04. Revenue reached $3.32M, a 114.2% year-over-year increase, surpassing expectations by $0.26M.
The company expanded its contracted backlog to approximately $195 million, reflecting orders for over 19,000 smart carts to be deployed by the end of 2027. This growth underscores strong global demand and long-term visibility for its rollout plans.
Shares may face pressure due to the earnings miss, though revenue growth and backlog expansion could mitigate concerns.