Lightspeed Commerce reports US$49.6 million loss in Q1, revenue US$304.9 million
The Montreal-based company says on an adjusted basis, it made US$7.9 million in the quarter compared to US$16.1 million in the period last year.
Adjusted net income for the period ended June 30 worked out to six cents per diluted share, compared to 10 cents per diluted share last year.
It says revenue totalled US$304.9 million, up from US$266.1 million last year.
The company says it added 1,700 customer locations across retail in North America and hospitality in Europe to make for five per cent growth from the previous year.
Lightspeed says it expects revenue growth of between 10 and 12 per cent for its 2026 fiscal year.
This report by The Canadian Press was first published July 31, 2025.
Companies in this story: (TSX:LSPD)
The Canadian Press
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Entrepreneur
4 minutes ago
- Entrepreneur
Grace Is a Leadership Strategy — Here's How CEOs Can Use It Effectively
Opinions expressed by Entrepreneur contributors are their own. If you haven't watched the latest season of "The Bear" yet, I highly recommend it to any small business owner. Without giving anything away, the plot is an eye-opening exposé of what it takes to keep a business afloat and the lengths CEOs must sometimes go to ensure survival. I believe that restaurateurs are some of the ultimate entrepreneurs. They take chances every day in one of the most challenging business models with a high failure rate. As such, there's a lot to learn from leaders like Chef Carmy. Starting with, you have to be conscious of doling out grace and empathy — and before you do so with your team, it needs to start with doing the same for yourself. Related: Why This Underrated Trait Separates Top Leaders from the Rest True victory is knowing everything can't be a win Mistakes happen in life and business. Choices and big decisions are necessary, and you're not always going to get it right. But it's not about avoiding the difficult moments; it's about how you handle them in the moment, head-on, that will be the biggest differentiator in your success. This is paramount in a startup entering its growth phase, where things are moving very fast and there isn't always time to pump the brakes. When everyone's pushing really hard and you're all accelerating at the same time, you're going to hit road bumps inevitably. But if you have a mindset of "these things happen" and give grace to yourself and your team, it will better prepare you for your next strategic move. On the other hand, being reactive and punitive will only break the ecosystem further as teams face impossible standards to solve the situation. If you've ever had a startup with very narrow margins, you know the immense pressure I'm talking about. Maybe you were on your last three weeks of cash, or lost your most significant partnership and the company went on life support. The most successful founders don't give up; they get back on the horse and do what they do best — staying inventive and finding a way to pivot in a new direction. The companies that fail are the ones that refuse to recognize or acknowledge a Plan B. Join top CEOs, founders and operators at the Level Up conference to unlock strategies for scaling your business, boosting revenue and building sustainable success. It starts with positive self-talk & positive behaviors There is a top-down approach to this organizing principle. If you want everyone on the same page with the same mentality of rallying around a mission, it must start with the one at the top. Given the stressful nature of the job, it's easy for CEOs to develop unhealthy habits: not sleeping well, not eating well and getting caught up in a constant panic mode. When you feel unwell, though, it's difficult to give yourself grace, let alone anyone else. Positive self-talk is a great first step, and it can be nurtured by having a good sounding board that you go to for counsel and support. I fully believe in utilizing your advisors as much as possible because they may be able to provide different perspectives and encourage you when challenges arise. Yet, holding yourself accountable is also important, as is being honest about your own role in the circumstances. It's impossible to give yourself grace when you're lying or masking information, all the while knowing the truth in the back of your mind. Best practices for coaching your team Once you've established how to be kind to yourself as a CEO, it's essential to establish this mindset within the company. I like to lead with the idea that it's okay to fail, but it's never okay not to try. Effort is always rewarded, even if the results didn't go as we intended. At my company, we tend to overcommunicate, which I believe is a benefit in the long run to align as coworkers and human beings. We do regular check-ins to see how people are feeling and where they need support, whether it's our weekly all-hands meeting or smaller one-on-ones with managers and their teams. One-on-ones are also encouraged to be taken outside the office, whether by walking around the neighborhood, grabbing coffee or lunch together, or an after-hours dinner or event. This way, people may feel more comfortable leaving the work environment. Related: Forget Investors and Co-Founders — Here's How I Built a Lean, Scalable Business on My Terms The value of learning from mistakes An interesting thing happens when you allow mistakes to happen naturally — you actually learn more from the stuff that doesn't work than what does. It's why having postmortems is critically important. Rather than just moving on from the situation, take inventory of what happened, see why it didn't work and understand what could've been done differently to bring a different result. This, too, should be done with grace. Encourage teams to work collaboratively to gain insights rather than hold a session to reprimand anyone's actions. Whether you're in a line kitchen like "The Bear" or have a less dramatic working environment, it always takes everyone's cooperation to come up with the right recipe for success.
CNET
4 minutes ago
- CNET
Yeedi's M14 Plus Robot Vacuum Can Tackle Your Floors for Just $800, if You're a Prime Member
Keeping your floors clean is always going to be a priority, but with the right tools -- like a robot vacuum -- it doesn't have to take up too much of your time. Right now Amazon has slashed the price of the Yeedi M14 Plus vacuum and mop by 33%, dropping the usual $1,200 price tag down to just $800. Plus, the retailer is throwing in the Yeedi accessories buddy kit for free with your purchase -- an additional $60 value. But there's a catch. You have to be an Amazon Prime member to score this deal. Add the vacuum cleaner to your cart through the link, then click on the benefit item and add the kit to your cart, too. Your discount will be reflected at checkout, snagging you both for just $800. There is no telling how long this deal will last, but it could disappear at any time so act fast if you're interested. This impressive combo cleaner has 18,000Pa of suction power to collect dust and debris from around your home. It also has dynamic obstacle avoidance and edge and corner coverage for a thorough clean -- and at just 3.86 inches tall, it can fit into tight spaces, too. The device will automatically switch from carpets to hard floors to cover your whole home, and with hot water washing and hot air drying, it can tackle tough messes. The mop self-washes, too, so that it doesn't dirty the floor mid-clean. You'll also save plenty of time thanks to the self-cleaning charging station that auto-empties the debris from the vacuum and supports water refill and drain for your mop tank. Plus, you'll be able to set schedules so it will clean when it is most convenient for you. A different Yeedi model we tested -- the M12 Pro Plus -- won a CNET Editors' Choice award and is included on our best robot vacuums roundup, so we believe this M14 Plus model will also work well for buyers looking for an all-in-one system. Why this deal matters We all want to get more of our time back, and this impressive combination robot vacuum and mop can save you time and effort. Plus, you'll save $460 between the discount and the free bonus accessories kit. That makes this one of the best vacuum deals on at the moment. Just remember that you have to be a Prime member to score this deal and you need to add both items to your cart. You should see the discount applied automatically at checkout.
Entrepreneur
4 minutes ago
- Entrepreneur
Tesla Board Awards Elon Musk With $29 Billion Pay Package
The Tesla board announced it unanimously approved the pay package for Musk, as his 2018 pay package remains tied up in legal limbo. The Tesla board has announced it's awarding Elon Musk with 96 million restricted shares of the company, worth around $29 billion based on its current share price. In a letter released on Monday, Robyn Denholm and Kathleen Wilson-Thompson, members of the Tesla board of directors, announced that the pay package is the "important first step in compensating Elon Musk for his extraordinary work at Tesla." According to the letter, Musk has "not received any meaningful compensation for eight years," and the $29 billion pay package is a "good faith" payment to the CEO. Musk's 2018 pay package, the highest in U.S. corporate history, has been tied up in legal issues due to an ongoing shareholder lawsuit. In December, a Delaware judge rejected the pay package for the second time, stating Tesla's lawyers had "no procedural ground for flipping" her initial decision. The judge, Kathaleen McCormick, first rejected the pay package in January 2024, stating that the Tesla board "failed to meet their burden" to prove the compensation plan was fair and in shareholders' best interests. Tesla's shareholder letter says the company has "no clear timeline for resolution" of the lawsuit and that it is waiting to be assigned a hearing date to appear in front of the Delaware Supreme Court. Related: Is It Fair To Deny The Fruits Of Hard Work? Thoughts On The Voiding Of Elon Musk's US$56 Billion Pay Package Denholm and Wilson-Thompson wrote that the board is taking "decisive action to recognize the extraordinary value" Musk has brought to the company by unanimously approving the pay package, with Musk and his brother, Kimbal Musk, recusing themselves. The package dictates that Musk will be able to purchase 96 million Tesla shares at $23.34 per share (the stock's current value is more than $300). In return, Musk must serve continuously in a senior leadership role at Tesla for a two-year vesting term. He also agrees to forfeit or return a portion of this award should his 2018 pay package be approved. Related: Why Elon Musk's Battle With Delaware Is About More Than a $55 Billion Pay Package "It is imperative to retain and motivate our extraordinary talent, beginning with Elon," the letter read, citing the ongoing war for AI talent and recent headline-making pay packages for AI engineers. Tesla's share price rose upon the announcement and is up around 2% today at the time of writing. The stock is down 18% year to date. Related: The Lawyers Who Fought Against Elon Musk's Pay Package Are Asking $370,000 an Hour in Legal Fees: 'We Did Battle With the Very Best'
