A2Z Smart Technologies Corp. Announces Unaudited Preliminary Results for the Fourth Quarter and Full Year 2023 [Yahoo! Finance]
A2Z Smart Technologies Corp. - Common Shares (AZ)
US:NYSE Investor Relations:
allianz.com/en/investor_relations
Company Research
Source: Yahoo! Finance
technology solutions, announced today certain unaudited preliminary results for the fourth quarter and full-year 2023. Selected Fourth Quarter and Full-Year 2023 Preliminary Results (Unaudited) Revenue of approximately $11.3 million for the year ended December 31, 2023, compared to revenue of approximately $9.4 million for the year ended December 31, 2022, representing an increase of approximately 20% from the prior year. The higher revenue in 2023 was primarily due to the successful roll out of our smart cart to our clients. Revenue of approximately $1.3 million during the three months ended December 31, 2023, a decrease of approximately 66% from the $3.8 million reported in the fourth quarter of 2022. The decrease is a result of the completion by end of Q3 of the delivery of almost all our Gen 2.5 smart carts to our clients. In January we launched our next generation 3.0 smart carts, which we anticipate to start deploying in Q2 2024. As a result, we anticipate minimal revenues
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Sec Filings
- 4/3/24 - Form 20-F
- 4/2/24 - Form 6-K
- 4/2/24 - Form 424B5
- AZ's page on the SEC website