The Montreal-based artificial intelligence firm reported a roughly US$23.4-million loss for its fiscal third quarter after markets closed Monday, up from nearly a US$4.5-million loss in the same period the previous year. (The Logic)

Talking point: Coveo filed to go public in November 2021 at a busy time for Canadian tech IPOs. It debuted later that month, raising $215 million, and the company has hinted it’s open to considering a U.S. listing. While not yet profitable, Coveo’s seen strong growth in part due to the pandemic accelerating digital adoption. Its total revenue, which includes its biggest money maker of software-as-a-service subscriptions, grew about 39 per cent from US$16.8 million to US$23.2 million. Coveo expects “a sizable opportunity” outside of North America. This past quarter, only 16 per cent of its revenue came from outside the continent. The company expects to record a full-year adjusted operating loss of between US$29 million and US$30 million.