Lightspeed stock sinks despite narrower net loss, revenue beat in fiscal Q1

Lightspeed Commerce’s stock sank by 15 percent on Thursday on an earnings miss in its fiscal first quarter, though it also narrowed its net loss and beat revenue estimates. Martin Toner, a managing director of institutional research at ATB Financial, told BetaKit that he believed today’s market response was an “overreaction.” The Montréal-based e-commerce and point-of-sale tech firm posted a net loss of $0.02 USD per share for the quarter, missing analyst expectations of a $0.13 profit per share