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 Inc. (LSPD) announced the launch of its new Lightspeed Restaurant POS and commerce platform at the 2022 Restaurant Canada Show, scheduled for May 9-11. This flagship system integrates analytics, inventory management, payments, and online ordering to enhance restaurant operations. With significant clients like Five Guys and Alinea, this platform is aimed at helping restaurateurs adapt to challenges by embracing technology for greater flexibility. Lightspeed Restaurant is now available in multiple countries, including the U.S., Canada, and Germany.
Lightspeed Commerce announced it will report its fourth quarter and full year 2022 financial results on May 19, 2022, before the market opens. The management will host a conference call at 8:00 am ET to discuss the results. Lightspeed is a comprehensive commerce platform serving various business sectors globally, focusing on enhancing customer experience through its cloud solutions. The company is dual-listed on the NYSE and TSX under the symbol LSPD.
Lightspeed Commerce Inc. (TSX: LSPD) has announced significant changes to its executive leadership team to support its growth strategy. Effective May 23, 2022, Brandon Nussey will transition from Chief Financial Officer to Chief Operating Officer, focusing on operational effectiveness and profitability. Asha Bakshani has been promoted to Chief Financial Officer, overseeing financial functions and investor relations. Additionally, Rani Hammond has been hired as Chief People Officer, effective April 18, 2022, bringing over 20 years of HR experience.
Lightspeed (NYSE: LSPD) has announced updates regarding its participation in the KeyBanc Capital Markets Emerging Technology Summit. Scheduled for March 9, 2022, at 5:00 pm ET in San Francisco, California, this event will feature a listen-only audio webcast accessible via the company's Investor Relations website. Lightspeed offers a comprehensive commerce platform for merchants, facilitating operations across multiple channels and enhancing customer experiences globally.
Lightspeed (NYSE: LSPD), a global commerce platform, will participate in the KeyBanc Capital Markets Emerging Technology Summit on March 9, 2022, at 11:00 am ET in San Francisco, California. The event is aimed at showcasing technological innovations that support business growth. Audio webcasts and replays will be available on Lightspeed's Investor Relations website. Established in 2005 in Montréal, Lightspeed offers solutions that integrate online and physical sales channels across over 100 countries, empowering various businesses to enhance customer experiences.
Lightspeed Commerce Inc. (NYSE: LSPD) has appointed Crystal Caligiuri as the new Executive Vice President of Customers. This strategic move aims to enhance customer onboarding and engagement, contributing to positive experiences for its growing customer base. In 2021, Lightspeed's U.S. retailers grew nearly twice the industry average, while hospitality merchants outperformed peers by over 52%. Caligiuri brings over 20 years of experience from her previous role as Chief Customer Officer at ShopKeep, enhancing Lightspeed's commitment to exceptional customer service.
Lightspeed Commerce Inc. (NYSE: LSPD) announced a significant integration with TikTok for its eCommerce merchants using Ecwid. This new feature allows businesses to sell directly to customers via TikTok, enhancing social commerce capabilities. The integration comes after an initial advertising management rollout on TikTok, and it aims to capitalize on TikTok's influence, with 49% of users reportedly purchasing products they see on the platform. The feature will be available to selected Ecwid by Lightspeed customers in the U.S. and the UK.
Lightspeed Commerce reports a 165% YoY revenue growth in Q3, reaching $152.7M. Transaction-based revenue increased by 249% to $75.8M, while subscription revenue rose 123% to $68.6M. Despite these gains, the company posted a net loss of ($65.5M), worsening from ($42.7M) YoY. The quarter also saw customer locations increase by 174% to ~315,000. Looking ahead, Lightspeed expects FY2022 revenue guidance of $540-$544M, up from $520-$535M.
Lightspeed Commerce Inc. (TSX: LSPD, NYSE: LSPD) has appointed JP Chauvet as Chief Executive Officer, effective immediately, as part of its succession planning. Dax Dasilva, the founder and outgoing CEO, will transition to the role of Executive Chair. Chauvet, who joined Lightspeed in 2012 and has held various leadership roles, aims to accelerate the company’s growth and innovation in the digital commerce space. The announcement coincides with the upcoming report of third-quarter fiscal 2022 results, scheduled for February 3, 2022, highlighting Lightspeed's commitment to enhancing customer experiences.
Lightspeed Commerce Inc. (NYSE: LSPD) has announced a reschedule of its third quarter 2022 financial results to be released after market close on February 2, 2022. A conference call to discuss these results is set for February 3, 2022, at 8:00 am ET. The call will be accessible via registration on their designated portal. As a dual-listed company, Lightspeed provides a comprehensive commerce platform, aiding merchants in enhancing customer experiences worldwide.
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