{"slug": "lightspeed-narrows-net-loss-beats-revenue-expectations-in-fiscal-q1", "title": "Lightspeed narrows net loss, beats revenue expectations in fiscal Q1", "summary": "Lightspeed Commerce narrowed its net loss to $2.4 million USD and beat revenue expectations with $322 million USD in fiscal Q1, driven by AI product innovations. The Montréal-based tech firm's revenue grew 6% year over year despite the divestiture of Upserve, and it added 1,300 new customers.", "body_md": "Lightspeed Commerce narrowed its net loss and beat revenue expectations in its fiscal first quarter on Thursday, as the company bet that its AI product innovations would help create sustained profitability.\n\nThe Montréal-based tech firm posted revenue of $322 million USD ($453 million CAD) for the quarter, exceeding internal projections and growing six percent year over year, even counting its [divestiture of US hospitality product line](https://betakit.com/lightspeed-offloads-upserve-at-a-discount-as-transformation-plan-continues/), Upserve, in late April. Excluding the impact of the divestiture, the company’s revenue grew by 17 percent compared to the same period last year.\n\nLightspeed still registered a net loss in the latest fiscal quarter of $2.4 million USD. However, that’s down significantly compared to last year, when it posted a net loss of $49.6 million USD.\n\nFounded in 2005, Lightspeed sells point-of-sale and commerce software and hardware to restaurants, retailers, and hospitality providers. Since last year, the company has been executing a [transformation plan](https://betakit.com/lightspeed-surpasses-1-billion-usd-in-revenue-in-fiscal-2025/) to focus on two key markets—North American retail and European hospitality—while chasing both growth and profitability.\n\nThough Lightspeed’s share price dipped in line with other software stocks by roughly 20 percent this year from a high of $17 CAD, it climbed in recent weeks and was down by roughly five percent since January on the Toronto Stock Exchange before markets opened, trading at $15.47 CAD. This comes as the company executed a share buyback plan worth roughly $86 million USD this quarter.\n\n**RELATED: Lightspeed completes year one of transformation plan with revenue beat, earnings miss**\n\nLightspeed’s revenue grew by 14 percent year-over-year this quarter, and it added 1,300 new customers. More broadly, its overall gross margin fell to 43 percent, compared to 45 percent in the same period, which the company attributed to negative hardware margins. The company [acknowledged](https://betakit.com/lightspeed-beats-revenue-projections-but-falls-short-on-earnings-expectations-in-fiscal-q4/) last quarter that it must improve those margins, given its strategy of offering discounts and incentives on its point-of-sale hardware to win new customers.\n\nThis quarter, the firm [released a suite](https://www.lightspeedhq.com/news/lightspeed-commerce-advances-unified-commerce-vision-with-new-ai-payments-fulfillment-and-operations-innovations/) of AI integrations into its retail and hospitality management software. On the payments side, the company said it added features like saved payment methods, pre-authorization, automated payment reconciliation, and hardware upgrades. It also launched an integration with email manager Klaviyo, as well as multiple tools to generate blog and marketing content with generative AI.\n\nLightspeed ended the quarter with $372.1 million USD in cash and equivalents on its balance sheet. It maintained the same outlook for the rest of fiscal year 2027, where it expects to make over $1.2 billion USD in revenue.\n\n*Feature image courtesy Lightspeed.*", "url": "https://wpnews.pro/news/lightspeed-narrows-net-loss-beats-revenue-expectations-in-fiscal-q1", "canonical_source": "https://betakit.com/lightspeed-narrows-net-loss-beats-revenue-expectations-in-fiscal-q1/", "published_at": "2026-07-30 12:10:47+00:00", "updated_at": "2026-07-30 12:40:40.041270+00:00", "lang": "en", "topics": ["artificial-intelligence", "ai-products", "generative-ai"], "entities": ["Lightspeed Commerce", "Upserve", "Klaviyo", "Toronto Stock Exchange"], "alternates": {"html": "https://wpnews.pro/news/lightspeed-narrows-net-loss-beats-revenue-expectations-in-fiscal-q1", "markdown": "https://wpnews.pro/news/lightspeed-narrows-net-loss-beats-revenue-expectations-in-fiscal-q1.md", "text": "https://wpnews.pro/news/lightspeed-narrows-net-loss-beats-revenue-expectations-in-fiscal-q1.txt", "jsonld": "https://wpnews.pro/news/lightspeed-narrows-net-loss-beats-revenue-expectations-in-fiscal-q1.jsonld"}}