Why Axis

Lightspeed’s customer base recovers from the pandemic as it expands service offerings

The independent retailers and restaurants that use Montreal-based Lightspeed’s point-of-sale technology are gradually getting back to business following pandemic-induced shutdowns. On Thursday, the company said it brought in US$36.2 million in revenue between April and June, a 51 per cent year-over-year increase. 

Despite that growth, Lightspeed’s shares were down almost four per cent in morning trading, as the company’s net losses doubled to US$20.1 million, up significantly from US$9.1 million in the same period last year. Here’s what you need to know about the firm’s quarter.

    Subscribe now to start reading premium, award-winning journalism.

    By entering your e-mail you consent to receiving commercial electronic messages from The Logic Inc. containing news, updates, offers or promotions about The Logic Inc.’s products and services. You can withdraw your consent at anytime. Please refer to our privacy policy or contact us for more details.

    In-depth, agenda-setting reporting

    Great journalism delivered straight to your inbox.


    Caisse, Westcap file for representation in Celsius bankruptcy proceedings

    Dye & Durham’s bid to buy Link Group falls through

    Imax to buy Waterloo AI firm Ssimwave in deal worth up to $25M

    Best business newsletter in Canada

    Get up to speed in minutes with insights and analysis on the most important stories of the day, every weekday.

    Exclusive events

    See the bigger picture with reporters and industry experts in subscriber-exclusive events.

    Membership in The Logic Council

    Membership provides access to our popular Slack channel, participation in subscriber surveys and invitations to exclusive events with our journalists and special guests.

    Canada's most influential executives and policymakers are reading The Logic

    • CPP Investments
    • Sun Life Financial
    • C100
    • Amazon
    • Telus
    • Mastercard
    • bdc
    • Shopify
    • Rogers
    • RBC
    • General Motors
    • MaRS
    • Government of Canada
    • Uber
    • Loblaw Companies Limited