Shopify Inc. (TSX:SH), which made its debut as a publicly traded company in May, reported a loss of $3.3 million U.S. 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.
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 forecast an operating loss in the range of $6.5 million to $7.5 million
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. Its shares opened trading Thursday up $3.66, or 8.2%, to $48.18, within a 52-week trading range of $30.00 to $51.92.
