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Lightspeed Commerce reports U$114.5M Q4 loss, revenue up from year ago

Canadian Press - Thu May 19, 6:56AM CDT

MONTREAL — Lightspeed Commerce Inc. reported a fourth-quarter loss of US$114.5 million compared with a loss of $42 million in the same quarter last year.

The point-of-sale technology company, which keeps its books in U.S. dollars, says the loss amounted to 77 cents per diluted share for the quarter ended March 31 compared with a loss of 34 cents per diluted share a year earlier.

Revenue for the fourth quarter of its 2022 financial year totalled US$146.6 million, up from US$82.4 million a year ago.

On an adjusted basis, Lightspeed says it lost 15 cents per diluted share in the quarter compared with a loss of 10 cents per diluted share in the same quarter last year.

In its outlook for its 2023 financial year, Lightspeed says it expects revenue of US$740 million to US$760 million.

Revenue for the first quarter of its 2023 financial year is expected to be between US$165 million and US$170 million.

This report by The Canadian Press was first published May 19, 2022.

Companies in this story: (TSX:LSPD)