Shopify Reports Q1 Loss — But Gains in Revenue

Shopify logo

CBJ — Shopify Inc. lost just under $16 million in its latest quarter while at the same time seeing its revenue grow by 68% compared with one year ago.

The e-commerce software company says its loss amounted to 16 cents per share for the quarter ended March 31. That compares with a loss of $13.6 million or 15 cents per share a year ago.

Revenue in the quarter totalled $214.3 million, up from $127.4 million the previous year.

Subscription solutions revenue grew by more than 60% to just over $100 million. Merchant solutions revenue was up 75% to $114 million.

@CanBizJournal

 

Recommended
economic increase - depositphotos_2021941-stock-illustration-arrow-graph-red