Welcome to our dedicated page for Lightspeed Commerce news (Ticker: LSPD), a resource for investors and traders seeking the latest updates and insights on Lightspeed Commerce stock.
Lightspeed Commerce Inc. (NYSE: LSPD, TSX: LSPD) is a leading provider of an omni-channel commerce-enabling SaaS platform that helps businesses streamline operations and enhance customer experiences. Founded in 2005 in Montréal, Canada, the company has grown its presence globally, with offices in key cities such as New York, London, Amsterdam, and Sydney. Lightspeed's platform offers solutions for retail, hospitality, and golf businesses, integrating point-of-sale (POS) systems, inventory management, customer relationship management (CRM), and advanced analytics.
Lightspeed's software is designed to unify the management of online and physical store operations, making it easier for businesses to manage inventory, sales, and customer interactions across multiple channels. The company's flagship products, Lightspeed Retail and Lightspeed Restaurant, are tailored to the needs of complex, multi-location businesses. These products are trusted by some of the world's leading brands in retail and hospitality, including Fairmont Hotels, Taverne Atlantic, and the Daniel Boulud Group.
Recent achievements include the successful integration of its POS and payments solutions, which has driven significant growth in transaction-based revenues. The company reported a 27% year-over-year increase in total revenue for the third quarter of fiscal 2024, along with its second consecutive quarter of positive Adjusted EBITDA. Lightspeed's financial health is bolstered by its disciplined cost management and strategic growth initiatives.
Moreover, Lightspeed has made strides in expanding its product offerings. For instance, the launch of Lightspeed Restaurant in Quebec aims to support local restaurateurs with smart, intuitive solutions. Additionally, Lightspeed's strategic partnerships, such as with the Myrtle Beach Area Golf Course Owners Association and Uber, further enhance its product ecosystem and customer reach.
In terms of financial outlook, Lightspeed expects to exceed $1 billion in revenue by fiscal 2025, driven by subscription revenue growth and an increasing customer base. The company is also focused on maintaining sustainable profitability, with ongoing investments in product innovation and strategic acquisitions.
Lightspeed continues to be a pivotal player in the commerce technology space, helping businesses around the world to innovate, scale, and thrive.
Lightspeed Commerce (NYSE: LSPD) has launched its next-generation Kitchen Display System (KDS), designed to improve restaurant operations and efficiency. The system addresses key challenges identified in a survey of 400 restaurant workers, including 62% reporting frequent miscommunication between front and back-of-house teams, and 56% citing last-minute modifications as primary workflow disruptions. The KDS provides real-time updates, customizable workflows, and advanced coursing functionality to help restaurants manage orders efficiently, reduce waste, and improve communication. The system is now available to Lightspeed Restaurant merchants across North America, Europe, and beyond.
Lightspeed announces its Q2 2025 financial results, reporting a total revenue of $277.2 million, which is a 20% year-over-year increase and exceeds their outlook. The company also reports a net loss of ($29.7) million, an improvement from the previous year's loss of ($42.5) million. Adjusted EBITDA stands at $14.0 million, surpassing their outlook of $12 million. Monthly ARPU grew by 24% year-over-year to approximately $527. Gross profit increased by 19% year-over-year to $114.3 million. Lightspeed has raised its Fiscal 2025 Adjusted EBITDA outlook to a minimum of $50 million from $45 million. The company highlights its strong competitive position in North American retail and European hospitality markets. The CFO emphasizes the company's focus on expanding payments adoption and controlling costs, contributing to record Adjusted EBITDA and positive Adjusted Free Cash Flow. As of September 30, 2024, Lightspeed holds $659 million in cash and cash equivalents.
Lightspeed Commerce (NYSE: LSPD) has been ranked fifth in Deloitte's 2024 Technology Fast 50™ program's Enterprise-Industry Leaders category, achieving a remarkable 502% growth over the past four years. The recognition is given to companies that recorded minimum revenues of $10 million in 2020 and $50 million in 2023. Founded in Montreal in 2005, Lightspeed provides cloud-based commerce solutions for retail, hospitality, and golf businesses across 100+ countries, unifying online and physical operations, multichannel sales, and global payments.
DreamHost, a web hosting and Managed WordPress services provider, has partnered with Ecwid by Lightspeed to offer e-commerce solutions to its customers. The partnership provides DreamHost users with access to Ecwid's freemium and premium service tiers, featuring seamless WordPress integration and transparent pricing. Key features include rapid store launch capabilities, multi-channel sales integration, enhanced productivity tools, and built-in real-time reporting with 15+ actionable insights. The platform offers both free and premium tiers, with advanced features available through paid upgrades.
Lightspeed Commerce Inc. (NYSE: LSPD) (TSX: LSPD) has unveiled key product innovations for Q2, focusing on enhancing business effectiveness and operational efficiency for merchants in retail and hospitality. The updates include:
Retail: Retail Insights for better inventory management, Offline Mode for uninterrupted sales, Multi-Location Ordering for stock distribution, and Instant Payouts extended to UK merchants.
Hospitality: AI-driven Benchmarks & Trends, improved Sales Summary visualization, Happy Hour pricing on Order Anywhere, bulk menu management actions, and partial refunds from POS.
eCommerce: Custom sections for Instant Site, allowing merchants and developers to create unique online experiences.
These innovations aim to streamline business management, predict sales opportunities, and provide industry benchmarks for Lightspeed's global customer base.
Lightspeed Commerce Inc. (NYSE: LSPD) (TSX: LSPD) has announced its upcoming fiscal second quarter 2025 financial results conference call. The company, which provides a unified POS and payments platform for entrepreneurs, will report its results before the market opens on Thursday, November 7, 2024. Management will host a conference call and webcast to discuss the financial results at 8:00 am ET on the same day.
Interested parties can register for the call in advance through a provided link. A replay of the call will be available until November 14, 2024. Additionally, a webcast of the conference call can be accessed through the company's investor relations website.
Lightspeed Commerce Inc. (NYSE: LSPD) (TSX: LSPD) has expanded its partnership with 7shifts to address labor management and operational challenges in the North American restaurant industry. The enhanced integration allows Lightspeed Restaurant users to import sales, labor, and employee data directly into 7shifts, improving forecasting capabilities and automating employee data syncing.
The partnership now offers payroll features for U.S. customers, including Payroll Administration, Tip Integration, and Benefit Management. This expansion aims to streamline operations, reduce manual tasks, and save time for restaurant owners. According to Lightspeed's 2024 State of Hospitality Report, 62% of restaurateurs seek to improve labor management, while 74% look for technology to streamline operations.
The collaboration between Lightspeed and 7shifts provides a comprehensive solution for restaurant management, reflecting Lightspeed's commitment to enhancing efficiency in the hospitality industry.
NuORDER by Lightspeed, a leading B2B commerce platform, has appointed Chris Akrimi as Head of Revenue for Lightspeed B2B / NuORDER. Akrimi brings over two decades of experience in retail tech and a vision for its future. Michael Ganci, SVP of B2B Go-to-Market, highlighted Akrimi's proven track record with prestigious tech companies, global brands, and luxury retail powerhouses.
Akrimi's most recent role was CEO at The Layer, an AI-driven commerce data company. He has also held executive positions at Joor, Ralph Lauren, Eastpak, and Scotch & Soda. Throughout his career, Akrimi has worked with global companies like LVMH, Hermes, Richemont, Capri, VF Corp, Chanel, Kering, and Itochu. He expressed excitement about joining Lightspeed and contributing to shaping the future of commerce in a rapidly evolving digital era.
Lightspeed Commerce Inc. (NYSE: LSPD) (TSX: LSPD) has responded to recent media reports about a potential transaction involving the company. Lightspeed stated that it is currently conducting a strategic review of its business and operations to realize its full potential. The company has engaged in discussions regarding potential strategic alternatives and may continue to do so.
The Board of Directors is committed to acting in the best interests of the company and its stakeholders. Lightspeed does not intend to disclose further developments unless required by regulatory obligations. The company, founded in Montréal in 2005, provides a cloud commerce solution for businesses in retail, hospitality, and golf sectors across over 100 countries.
Lightspeed Commerce Inc. (NYSE: LSPD) (TSX: LSPD) has released data highlighting the importance of a strong online presence for golf courses. The survey reveals that 75% of golfers consider a good website experience important, and 49% value a strong online presence. Social media plays a important role, with 60% of golfers aged 18-34 actively following courses on these platforms. Courses using Lightspeed's Digital Marketing Solutions (DMS) for 90-180 days saw a 64.6% increase in Facebook reach and a 142% increase in website sessions. The data emphasizes the evolving landscape of golf course marketing, with digital strategies becoming essential for attracting new players and retaining existing ones.
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