Earnings ·
Lightspeed Commerce Inc. reported first quarter fiscal 2027 results ending June 30, 2026, with total revenues…
LSPDLightspeed Commerce Inc.
Lightspeed Commerce Inc. reported first quarter fiscal 2027 results ending June 30, 2026, with total revenues increasing 6% year-over-year to $322.7 million from $304.9 million. Subscription revenue rose to $95.4 million and transaction-based revenue grew 5% to $214.5 million. The company reported a net loss of $2.4 million, or $0.02 per share, compared to a net loss of $49.6 million in the prior year period. Operating expenses decreased significantly due to lower amortization and restructuring costs, resulting in an operating loss of $5.5 million versus $42.1 million previously. Gross profit improved to $138.6 million from $129.1 million. The company also announced the sale of its Upserve U.S. hospitality product line for up to $81 million in total consideration, recognizing a gain on sale of $2.1 million. Additionally, Lightspeed renewed its normal course issuer bid to repurchase up to 8.5 million shares through May 2027. Lightspeed Commerce Inc. operates in the technology industry, providing cloud-based commerce platforms for small and medium-sized businesses.