montrealbased pointofsale and ecommerce software provider lightspeed commerce inc reported betterthanexpected revenue while losses widened in the second quarter ended sept 30 the company has benefited from higher volume of transactions processed in the period bringing it closer to its target of breaking even on an adjusted earnings before interest taxes depreciation and amortization metric by 2024 heres what you need to know revenue revenue rose 38 to 1837 million in the period beating analyst expectations of a rise to 1823 million according the consensus forecast of 18 analysts polled on factset last year at this time the company reported revenue of 1332 million the company benefited from a 25 rise in subscription revenue reaching 745 million while transactionbased revenue rose 56 to 1013 million loss net loss widened to 799 million or 53 cents a share compared with a net loss of 491 million or 43 cents a share this time last year analysts consensus forecast pegged this figure at a loss of 51 cents a share adjusted eps on an adjusted basis loss was 5 cents a share analysts had expected a narrowing to 7 cents from 8 cents growth lightspeed said that it has processed gross transaction volume a key metric that measures the dollar value of all transactions processed through its platform of 223 billion an 18 rise year over year it said omnichannel retail gtv grew by 21 while hospitality gtv grew by 16 according to a research by cibc growth still outpaces most of its peers but the canadian bank had noted there has been a slowdown in traffic in september and early october path to profitability adjusted loss before interest taxes depreciation and amortization came in at 85 million better than the companys guidance of a loss of 10 million for the period bringing it closer to its target of breaking even on this metric by fiscal 2024