MONTREAL - Technology firm Lightspeed POS Inc. missed earnings expectations despite cutting its net loss in the third quarter as its revenues surged 60 per cent . The Montreal-based company, which reports in U.S. dollars, says it lost US$15.8 million or 18 cents per share, compared with a loss of US$71.1 million of US$2.37 per share a year ago. Revenue for the quarter ended Dec. 31 grew to US$32.3 million from US$20.1 million in the third quarter of 2018. Recurring software and payments revenue in the quarter increased 58 per cent to US$28.4 million. Lightspeed was expected to lose US$6.4 million or nine cents per share on US$32.1 million of revenues, according to financial markets data firm Refinitiv.

Source: thestar February 06, 2020 17:37 UTC