Lightspeed reports $28.6-million loss as revenue rises 15%
Lightspeed Commerce Inc. reported a loss of $28.6 million in its latest quarter, despite a 15% increase in revenue. The company's revenue for the fourth quarter reached $290.8 million, up from $253.4 million a year ago. On an adjusted basis, Lightspeed earned eight cents per share, compared to an adjusted profit of ten cents per share in the same quarter last year.
- ▪Lightspeed reported a loss of $28.6 million for the quarter ended March 31.
- ▪Revenue for the fourth quarter was $290.8 million, a 15% increase from the previous year.
- ▪Transaction-based revenue rose to $185.3 million, while subscription revenue increased to $93.3 million.
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ShareSave for laterPlease log in to bookmark this story.Log InCreate Free AccountLightspeed Commerce Inc. LSPD-T reported a loss of US$28.6-million in its latest quarter as its revenue rose 15 per cent compared with a year ago.The company, which keeps its books in U.S. dollars, says the loss amounted to 20 US cents per share for the quarter ended March 31.The result compared with a loss of US$575.9-million or US$3.79 per share in the same quarter last year when it took a non-cash goodwill impairment charge of US$556.4-million.On an adjusted basis, Lightspeed says it earned eight US cents per share in its latest quarter compared with an adjusted profit of 10 US cents per share a year ago.Revenue for what was Lightspeed’s fourth quarter totalled US$290.8-million, up from US$253.4-million in…
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