The Montreal-based fintech firm said it now expects revenue to grow at least 12 per cent and gross profit at least 15 per cent for its 2026 financial year. (The Logic)
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The Montreal-based fintech firm said it now expects revenue to grow at least 12 per cent and gross profit at least 15 per cent for its 2026 financial year. (The Logic)
Talking point: The upgraded outlook came as Lightspeed announced its revenue grew 15 per cent in the second quarter from US$277.2 million the previous year to US$319 million. The company recorded a $32.7 million net loss—an improvement from both the second quarter last year (US$29.7 million) and the first quarter of this year (US$49.6 million). Lightspeed has been engaged in a turnaround effort, cutting costs as it works toward profitability—even exploring a sale that was ultimately scrapped. Lightspeed’s shares rose more than 12 per cent in Thursday trading on the positive earnings report.
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