Hate queuing to checkout in supermarkets or hypermarkets?
A2Z Cust2Mate Solutions Corp (NASDAQ: AZ) might be the company you need to add to your watchlist. AZ is a leading global provider of innovative technology solutions, specialising in smart cart platforms – and this is not just any ordinary smart cart.
Let me explain.
AZ’s flagship smart cart product is set to revolutionise the retail self-checkout market. It features in-cart weighing capabilities, making it especially convenient for checking out produce like fruits and vegetables.
Additionally, the smart cart offers navigation features and seamless checkout functionality, all while incorporating robust security measures to prevent theft – a critical concern for retailers.
In simpler terms, imagine walking into a supermarket with one of AZ’s smart carts, doing your shopping, and checking out as you go.
No more queues.
Currently, AZ provides its solutions to Yochananof, Israel’s fourth-largest retail chain, and Carrefour, the largest retailer in France with over 3,500 stores. The company is also making significant inroads into the US market.
Why is the US market such a game-changer for AZ? Let’s take a closer look.
According to Grand View Research, the US self-checkout systems market is projected to grow at a compound annual growth rate (CAGR) of 11.3%, reaching $26.7 billion by 2028. There are even rumours that AZ is in discussions with a number of leading US retail chains, which will mark as a significant milestone for the company.
How Does AZ Generate Revenue?
AZ operates on a scalable Software-as-a-Service (SaaS) model, which allows for easy expansion while also facilitating valuable data collection for future advertising opportunities.
Here's how the revenue streams break down:
With this scalable business model and recurring revenue, AZ is well-positioned for future growth.
However, recent volatility in the US market has put downward pressure on AZ’s stock price. Despite this, AZ's strong fundamentals and innovative business model present significant growth potential, making it a compelling investment opportunity.
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