– Dax Dasilva’s first full quarter back at Lightspeed Commerce Inc. saw a narrowed net loss and increased revenue
– Net loss was US$35 million in the first quarter, compared to US$48.7 million in the same quarter last year
– On an adjusted basis, Lightspeed reported a net income of US$16.1 million, up from an adjusted loss of US$2.2 million last year
– Revenue for the quarter was US$266.1 million, up from US$209.1 million for the same quarter last year
– Dasilva focused on cost efficiencies, job cuts, and accelerating software revenue growth
– Plans to use artificial intelligence to improve product photography and boost sales
– Company added new customers such as Tommy Hilfiger, Calvin Klein, and Bally
– Strategies to retain customers and gain new ones are in place, with a focus on customer adoption of software and financial services products.