The Globe and Mail reports in its Friday, Aug. 5, edition that Lightspeed Commerce posted better-than-expected earnings Thursday. The Globe's Sean Silcoff writes that it generated revenue of $173.9-million in its fiscal first quarter ended June 30, up 50 per cent from the same period a year ago (all figures U.S.). It booked a net loss of $100.8-million, more than double the level a year earlier. However, its adjusted operating loss was $15.6-million. Analysts had forecast $168.4-million revenue and a $16.2-million operating loss. Gross transaction volume (GTV) increased by 36 per cent to $22.1-billion. GTV from existing customers increased by 25 per cent. Lightspeed held to earlier targets of full-year revenue ranging between $740-million and $760-million, and an adjusted operating loss of $35-million to $40-million even after factoring several headwinds. Lightspeed is holding to a goal of breaking even on an operating basis in the year ended March 31, 2024. Chief financial officer Asha Bakshani says, "While impossible to predict the severity of any recession, we have stress-tested our forecasts based on various economic outcomes." Analysts say Lightspeed remains "relatively undervalued" compared with tech peers.