Globe & MailBased on this, the loss was US$0.15 vs estimates of US$0.20. GLTA
07:57 AM EDT, 05/19/2022 (MT Newswires) -- Lightspeed Commerce Inc. (TSX and NYSE: LSPD) on Thursday reported Q4 adjusted loss of US$22.9 million, or US$0.15 per share, compared with a loss of US$12.2 million, or US$0.10 per share, a year earlier.
Analysts polled by Capital IQ expected an adjusted loss of US$21.41 million, or US$0.20 per share.
Shares of the company rose in US pre-market trading and were about 6% higher at last look.
Revenue for the quarter ended March 31 was US$146.6 million, up from US$82.4 million, the e-commerce software provider said.
Analysts surveyed by Capital IQ expected revenue at US$141.2 million.
For the full year ended March 31, total revenue rose 147% to US$548.4 million. Adjusted loss was US$53.0 million, or US$0.37 per share, compared with US$30.2 million, or US$0.29 per share, the year before.
For fiscal 2023, Lightspeed expects revenue of US$740-US$760 million, in line with its target organic subscription and transaction-based revenue growth rate of 35-40%. It expects adjusted EBITDA loss of US$35 million to US$40 million.
For the first quarter ending June 30, it expects revenue of US$165 to US$170 million and adjusted EBITDA loss of about US$16 million.