Roger Lemoyne for The Logic
Why Axis

Lightspeed earnings meet expectations, but company warns of ‘several reasons for caution’ amid downturn

MONTREAL — Lightspeed posted an adjusted loss of US$17.6 million, or US$0.12 per share, in line with analysts’ expectations, as it reported results Thursday from its fiscal first quarter. At a time when rising interest rates and high inflation are hurting many tech companies, investors were watching to see Lightspeed’s progress towards breaking even—a goal it has committed to achieving in its next fiscal year.

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