E-commerce powerhouse’s stock price dipped nearly 14 per cent – or more than $185 – to $1,173.53 on the Toronto Stock Exchange on Monday.
Ottawa-based software company says it now expects revenues for current fiscal year to fall between $220 million and $223 million, up from earlier projections of between $216 million and $220 million.
Veteran executive's company has quietly become one of the Canadian tech sector’s biggest success stories in his fifth year on the job.
Smiths Falls-based Canopy Growth Corp. comes in at No. 18, while Kanata software firm Kinaxis also makes the top-30 list.
Company says it now expects revenues for the current fiscal year to fall between $216 million and $220 million, up from earlier projections of between $211 million and $215 million.
CEO says Kanata-based software firm could generate more business from retail than all other sectors it now serves combined.
Company's shares Shares jumped more than 10 per cent Thursday afternoon after the company said it remains on track to hit its 2020 revenue targets.
Kanata software company buys Indian firm; stock soars after firm beats guidance
H. Lundbeck A/S will implement Kinaxis’ supply chain system in order to improve the company's end-to-end visibility and create a more cohesive product shipping structure.
Construction of software firm’s new HQ expected to be ‘catalyst’ for wave of future builds in burgeoning tech hub