A2Z Cust2Mate Solutions Corp. (NASDAQ: AZ) announced that its board has approved a share‑repurchase program authorizing the company to buy back up to $20 million of its outstanding common shares in the open market. The program will begin immediately and run for up to three months, with a final buyback date no later than April 6 2026. All repurchased shares will be returned to treasury and cancelled, and the company will fund the program with its existing cash and cash equivalents.
The announcement comes as A2Z reports a 41.5% increase in revenue to $7.46 million for the most recent twelve‑month period, up from $7.17 million in FY 2024. Despite the revenue growth, the company remains unprofitable, reporting a negative EBITDA of $21.1 million and a net loss of $17 million for FY 2024. Liquidity is strong, with a current ratio of 8.57 and only $2.07 million of debt, giving the company ample cash to support the buyback without compromising its operational needs.
Strategically, the company is expanding its market reach through new partnerships, including a deal with Migros Ticaret A.Ş. in Turkey, a Central American retailer, and a $30 million purchase order for 3,000 smart shopping carts from the Israeli chain Super Sapir. These deals are expected to generate recurring revenue over 60 months. In addition, the board has recently undergone a leadership transition, with Bentsur Joseph stepping down as chairman and Gadi Graus assuming the role of interim chairman, signaling continuity in strategic direction.
The share‑repurchase program signals management’s confidence that the current market price undervalues the company’s intrinsic value and future prospects. By using cash already on hand, the program avoids new debt or dilution, and the cancellation of repurchased shares reduces the share count, potentially supporting earnings per share in the future. The move also reflects a broader strategy to return value to shareholders while maintaining a robust balance sheet.
Oppenheimer & Co., Inc. has been engaged as the broker for the program, ensuring efficient execution of the buybacks within the specified timeframe.
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