Lightspeed Commerce Inc. LSPD-T +3.78%increase reported a loss of US$28.6-million in its latest quarter as its revenue rose 15 per cent compared with a year ago.
The company, which keeps its books in U.S. dollars, says the loss amounted to 20 US cents per share for the quarter ended March 31.
The result compared with a loss of US$575.9-million or US$3.79 per share in the same quarter last year when it took a non-cash goodwill impairment charge of US$556.4-million.
On an adjusted basis, Lightspeed says it earned eight US cents per share in its latest quarter compared with an adjusted profit of 10 US cents per share a year ago.
Revenue for what was Lightspeed’s fourth quarter totalled US$290.8-million, up from US$253.4-million in the same quarter last year.
Transaction-based revenue amounted to US$185.3 million, up from US$157.8 million, while subscription revenue totalled US$93.3 million, up from US$87.9 million. Hardware and other revenue rose to US$12.1 million compared with US$7.8 million a year ago.
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