The Montreal-based firm reported US$277.2 million in revenue in its second quarter ending Sept. 30, up 20 per cent year-over-year and ahead of analysts’ average estimate of US$274 million compiled by FactSet. Lightspeed’s net loss of US$29.7 million also beat consensus. (The Logic)
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The Montreal-based firm reported US$277.2 million in revenue in its second quarter ending Sept. 30, up 20 per cent year-over-year and ahead of analysts’ average estimate of US$274 million compiled by FactSet. Lightspeed’s net loss of US$29.7 million also beat consensus. (The Logic)
Talking point: The company’s improved bottom line was partly driven by more customers using its payments processing service, CEO Dax Dasilva said on an earnings call Thursday. Lightspeed is also currently in the midst of a strategic review of its business, prompted by its poor stock performance, which could include a potential sale. Dasilva had previously promised an update on the process at its November investor day, but on Thursday the company said it was postponing the event. Still, markets reacted positively after the firm raised its outlook for its 2025 fiscal year. Its share price rose as much as 13.6 per cent in trading on the New York Stock Exchange.
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