08:24 AM EDT, 05/16/2024 (MT Newswires) -- Lightspeed Commerce ( LSPD ) was at last look up near 10% in US premarket as it reported a fourth quarter earnings beat

The company reported fourth-quarter adjusted earnings of US$8.5 million, or US$0.06 per share, from a loss of US$402,000, or US$0.00 per share, a year earlier. Analysts polled by Capital IQ expected US$0.06.

Revenue for the quarter ended March 31 was US$230.2 million, up from US$184.2 million a year earlier. Analysts surveyed by Capital IQ expected US$224.5 million.

Meanwhile, the company narrowed its net loss for fiscal Q4 to US$32.5 million, or US$0.21 per share, from a loss of US$74.5 million, or US$0.49 per share, a year earlier. Analysts polled by Capital IQ expected a loss of US$0.24.

Adjusted EBITDA for fiscal Q4 was US$4.4 million, as compared with a loss of US$4.3 million a year earlier.

For the fiscal first quarter of 2025, the company is expecting revenue of about US$255 million to US$260 million, with subscription revenue growth for the quarter consistent with the fiscal fourth quarter of 2024. Analysts surveyed by Capital IQ are expecting US$258.6 million.

Adjusted EBITDA for fiscal Q1 of 2025 is expected to be about US$7 million.

For fiscal 2025, the company is expecting revenue growth of at least 20%; and adjusted EBITDA of a minimum of US$40 million.

Additionally, the company has reappointed Dax Dasilva as its permanent CEO. Dasilva assumed the CEO role on an interim basis earlier this year.

Lightspeed Commerce's ( LSPD ) stock, which edged up 0.5% in Canada yesterday, jumped nearly 10% in premarket US trading on Thursday.