The Globe and Mail reports in its Friday, Aug. 4, edition that Lightspeed Commerce beat market expectations for revenue and earnings, with chief executive officer Jean Paul Chauvet saying the latest quarter paves the way for the company to reach its long-standing goal of becoming profitable. The Globe's Temur Durrani writes that Lightspeed posted total revenue of $209.1-million for the quarter ended June 30, its first financial results for a new fiscal year (all figures U.S.). That is up by nearly 20 per cent compared with last year, when it posted revenue of $173.8-million in the same quarter, and exceeded analysts' average estimate of $197.7-million. Still, Lightspeed also saw a $48.7-million net loss in the first quarter, which amounts to about 32 cents per basic and diluted share. However, a year ago, that loss was $100.8-million or 68 cents per share. Mr. Chauvet says the company is on track to break even on its earnings before interest, taxes, depreciation and amortization by the end of the fiscal year, likely even turning that measure of financial health positive. Lightspeed provides commerce-related software and services for restaurants, retailers and hospitality businesses in more than 100 countries.