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The Montreal-based e-commerce and point-of-sale technology firm posted a US$2.4-million net loss in the first quarter of fiscal 2027, down from US$49.6 million a year earlier, as revenue rose 17 per cent to US$322.7 million. Shares fell about 13 per cent at Thursday market close.. (The Logic)
Talking point: CFO Asha Bakshani said the smaller loss reflected improved gross profit and the full amortization of acquisition-related intangible assets. She also confirmed Lightspeed recently cut about 10 per cent of its workforce. CEO Dax DaSilva said the deployment of AI tools and a more focused strategy had reduced staffing requirements, particularly in product development. In April, Lightspeed sold its U.S. hospitality business, Upserve, to Skyview Equity for up to US$81 million—a steep 81 per cent discount—as it moved to streamline operations and refocus on higher-growth segments.
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