The Montreal-based commerce software company also raised its full-year revenue forecast
reported better-than-expected results Thursday and increased its revenue forecast for the year as it continues efforts to become profitable and revive its lagging stock.
“At the beginning of this year I promised that fiscal year 2024 will be the year of execution,” chief executive Jean Paul Chauvet said on a conference call with analysts. “The results from this quarter firmly show that we are delivering on that promise.” after the stock dropped more than 85 per cent from pandemic-level highs.
“The results showed much needed progress on their updated strategy,” National Bank Financial analyst Richard Tse said in an email to the Globe and Mail. “While they continued to increase the attach rate of payments, it was positive to see they were able to grow location count in their targeted large markets – all with growing underlying profitability.”
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