Shopify loss widens as expenses soar

📆 4/30/2019 2:41 PM
📰 ChannelNewsAsia

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Canadian e-commerce software maker Shopify Inc reported a wider quarterly loss on Tuesday, as costs surged nearly 50 percent.

The company's net loss rose to US$24.1 million, or 22 cents per share, in the first quarter ended March 31 from US$15.9 million, or 16 cents per share, a year earlier.Total operating expenses jumped to US$216.

1 million from US$144.2 million.

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