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 from our smart cart operations in Q1 2024. Operating loss for the year ended December 31, 2023 was approximately $17.9 million, compared to $16.7 million for the year ended December 31, 2022 and reflected the Company’s increased operations during 2023. Cash was approximately $2.3 million as of December 31, 2023. In January 2024 the Company raised an additional $2.9 million after fees in a registered direct offering. BenTsur Joseph, Chairman of the Board of A2Z, said, “Our success in 2023 was driven primarily by completion of our first fully delivered fleet of our Gen 2.5 smart carts to our clients during the second half of 2023. In 2024, we will be focusing our attention on the deployment of our next generation 3.0 smart cart launched in January 2024 at NRF 2024 Retail’s Big Show, meeting the demand from our existing backlog and filling orders for new clients.”
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