MONTREAL — Lightspeed Commerce Inc. reported a fourth-quarter loss of US$575.9 million as its revenue rose 10 per cent compared with a year ago.
The Montreal-based company, which keeps its books in U.S. dollars, says the loss amounted to US$3.79 per diluted share for the quarter ended March 31 compared with a loss of US$32.5 million or 21 cents per diluted share a year earlier.
Lightspeed says its most recent quarter included a non-cash goodwill impairment charge of US$556.4 million.
On an adjusted basis, Lightspeed says it earned 10 cents US per share in its latest quarter, up from an adjusted profit of six cents US per share a year earlier.
Revenue for the quarter totalled US$253.4 million, up from US$230.2 million in the same quarter last year.
Transaction-based revenue in the quarter amounted to US$157.8 million, up from US$139.0 million a year ago, while subscription revenue totalled US$87.9 million, up from US$81.3 million in the same quarter last year. Hardware and other revenue was US$7.8 million, down from US$9.9 million.
This report by The Canadian Press was first published May 22, 2025.
Companies in this story: (TSX:LSPD)
The Canadian Press
