The Financial Post reports in its Friday, Nov. 4, edition that Lightspeed Commerce posted a net loss of $79.9-million in the second quarter of 2023, worse than the year-ago quarter as the Montreal-based company faces a difficult macroeconomic environment, including foreign exchange headwinds and rising inflation (all figures U.S.). The Post's Marisa Coulton writes that revenue at the point-of-sale company reached $183.7-million in the second quarter, up 38 per cent compared with $133.2-million in the year-ago quarter, which the company attributes to its "pursuit of the right customers." Diluted net earnings per share amounted to a loss of $79.9-million or 53 cents per share. That compared with $59.1-million or 43 cents per share in the same quarter last year. The company had an earnings before interest, taxes, depreciation and amortization loss of $8.5-million in the first quarter, an improvement over the EBITDA loss of $8.7-million in the same year-ago quarter. Lightspeed also hired former Alphabet executive Ryan Tabone as chief technology officer and promoted JD Saint-Martin to president as it sought to strengthen management. The company's share price has fallen 78 per cent this year.