07:48 AM EDT, 07/31/2025 (MT Newswires) -- Lightspeed Commerce ( LSPD ) , up 2% in pre-market trade, on Thursday said first-quarter adjusted income fell as revenue rose.

The company, which operates a platform serving the retail and hospitality sectors, said adjusted net income, which excludes most one-time items, fell to US$7.9 million, or US$0.06 per share, from US$16.1 million, or US$0.10 per share, in the prior year period. Analysts polled by FactSet had expected US$0.13 per share.

Total revenue increased 15% to US$304.9 million, beating the US$287.3 million forecast. Lightspeed added ~1,700 net customer locations across retail in North America and hospitality in Europe, a statement said.

Lightspeed also guided to second-quarter revenue of US$305 million to US$310 million and fiscal 2026 revenue growth of between 10% to 12%.

The company's shares are up US$0.27, to US$13.42 in New York pre-market trading.