The transaction closed about two months ago, but Shopify is still working through the terms of its agreement with Flexport, said Jeff Hoffmeister, Shopify’s chief financial officer.As the company off-loads the fulfilment business and said goodbye to workers, it has doubled down on product offerings, announcing 100 new features for merchants at its semi-annual product showcase, Shopify Editions, last week.
The results for the company, which reports in U.S. dollars, worked out to a net loss of $1.02 per share compared with a loss of 95 cents per share a year ago.Article content Looking ahead to the third quarter, the company said it expected revenue to grow at “a low-twenties percentage rate” on a year-over-year basis and free cash flow to be higher than the first half of the year.
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