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Canada's Shopify reports bigger loss as expenses soar
February 15, 2017 / 12:11 PM / 10 months ago

Canada's Shopify reports bigger loss as expenses soar

(Reuters) - Canadian e-commerce software maker Shopify Inc reported a bigger quarterly loss on Wednesday as operating expenses jumped 80 percent.

Canadian e-commerce company Shopify Inc logo is shown on a computer screen in the illustration photo in Encinitas, California May 3, 2016. REUTERS/Mike Blake/File Photo

The company’s net loss widened to $8.9 million, or 10 cents per share, in the fourth quarter ended Dec. 31, from $6.3 million, or 8 cents per share, a year earlier.

Ottawa-based Shopify, which went public in May 2015, said revenue rose to $130.4 million from $70.2 million.

Reporting by Komal Khettry in Bengaluru; Editing by Shounak Dasgupta

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