Shopify reports Q1 loss, income adult 68% from a year ago

Shopify Inc. says it mislaid $15.9 million US in a latest entertain as a income grew 68 per cent compared with a year ago.

In a arise of a gain report, shares of Shopify sold off, descending roughly 5 per cent, or $8.51, to $163.50 on a Toronto Stock Exchange.

The e-commerce program company, that keeps a books in U.S. dollars, says a detriment amounted to 16 cents per share for a entertain finished Mar 31.

That compared with a detriment of $13.6 million or 15 cents per share a year ago.

Revenue in a entertain totalled $214.3 million, adult from $127.4 million.

Shopify says a boost came as subscription solutions income grew 61 per cent to $100.2 million, while businessman solutions income climbed 75 per cent to $114.1 million.

On an practiced basis, Shopify says it warranted $4.2 million or 4 cents per share for a quarter, compared with an practiced detriment of $3.5 million or 4 cents per share in a same entertain final year.

Article source: http://www.cbc.ca/news/business/shopify-earnings-1.4643173?cmp=rss