Lightspeed Commerce Inc. posted a loss of US$28.6 million in its fourth quarter, even as revenue climbed 15 percent compared with the same period last year. The Montreal-based company, which provides commerce software for retailers and restaurants, reported results that reflect ongoing investment in expansion and product development.
Financial Highlights
The net loss for the quarter ended March 31 amounted to US$0.19 per diluted share, compared with a loss of US$32.1 million or US$0.21 per share in the prior year. Revenue reached US$210.3 million, up from US$182.9 million, driven by growth in subscription and transaction-based revenue.
Operational Performance
Gross profit increased to US$92.4 million from US$78.5 million, representing a gross margin of 43.9%, slightly down from 44.5% a year ago. Adjusted EBITDA turned positive at US$1.2 million, compared with a negative US$4.5 million in the same quarter last year, signaling improved operational efficiency.
Lightspeed's customer locations grew to approximately 185,000, with average revenue per user (ARPU) rising to US$385, up from US$360. The company attributed the growth to higher adoption of its payments and capital solutions.
Outlook
For the fiscal year 2027, Lightspeed expects revenue between US$890 million and US$910 million, representing growth of 12% to 14%. The company plans to continue investing in artificial intelligence and omnichannel capabilities to enhance its platform.
CEO Dax Dasilva commented, 'Our results demonstrate the strength of our business model and the increasing value we deliver to merchants. We are well-positioned to capture market share in the evolving commerce landscape.'
