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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.

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