RTTNews | Nov 4, 2021 10:53AM EDT

10:53 Thursday, November 4, 2021 (RTTNews.com) - Canadian big-box retailer, Lightspeed Commerce Inc. (LSPD), is down 30% after the company announced that it has incurred a wider loss in the second quarter chiefly due to four times higher cost of revenue. Adjusted loss managed to top the Street view.

Net loss reported by the company was $59.08 million or $0.43 per share, compared to $19.46 million or $0.20 loss per share in the last quarter. On an adjusted basis, the loss was $11.1 million or $0.08 loss per share, from $4.58 million or $0.05 per share last term. On average, Six analysts polled by Thomson Reuters expected the loss to be $0.09 per share.

The stock is currently trading at $68.52, down $30.45 or 30.77% since the previous close at $98.97. The stock opened at $76.18 in the morning. In the 52-week period, the shares have ranged between $36.68 and $130.02 per share.

Read the original article on RTTNews ( https://www.rttnews.com/3239645/lightspeed-down-30-on-wider-q2-loss.aspx)

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2021 RTTNews.com All Rights Reserved