Lightspeed Pos (TSE:LSPD) has released an update.
Lightspeed Commerce Inc. reported a significant 25% increase in total revenue to $230.2 million for the fourth quarter and a 24% increase year-over-year to $909.3 million for the full fiscal year, surpassing their revenue outlook. The company, under the renewed leadership of CEO Dax Dasilva, also recorded a reduced net loss and a positive adjusted EBITDA for the first time, setting an optimistic expectation to surpass $1 billion in revenue in Fiscal 2025.
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