OTTAWA – Shopify Inc. (TSX:SH), which made its debut as a publicly traded company in May, reported a loss of US$3.3 million in its latest quarter as revenue nearly doubled.
The e-commerce company, which keeps its books in U.S. dollars, said the loss amounted to six cents per share for the quarter ended June 30 compared with a loss of $6.9 million or 18 cents per share a year ago.
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Revenue improved to $44.9 million, up from $23.7 million.
In its outlook, the company said it expected revenue in the third quarter to amount to $47.0 million to $48.0 million, while it forecasted an operating loss in the range of $6.5 million to $7.5 million
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Shopify expects revenues in the range of $181 million to $183 million for the full year and an operating loss in the range of $21 million to $23 million.
The Ottawa-based company helps companies sell products online.
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