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 (NYSE: LSPD) has launched a new flagship eCommerce product leveraging its acquisition of Ecwid, aiming to enhance omnichannel solutions for retailers. This integration provides robust tools enabling merchants to manage in-store and online operations seamlessly. Key features include easy setup, social media sales, and improved inventory management, allowing businesses to adapt to changing consumer behaviors. Lightspeed eCommerce is available to all retail merchants globally, including those from recent acquisitions like ShopKeep and Vend.
Lightspeed Commerce Inc. (NYSE: LSPD) has expanded its Lightspeed Capital program to include eligible U.S. customers, increasing the access to capital for its merchant base by approximately 40%. This initiative aims to simplify financial solutions for independent businesses facing capital acquisition challenges. The service provides cash access often by the next business day without negatively impacting credit scores. Lightspeed intends to further enhance its offerings in retail and hospitality sectors across APAC by year's end.
Lightspeed Commerce Inc. (NYSE: LSPD) has launched Lightspeed Restaurant, a new hospitality commerce and POS platform in North America, following its successful European launch. This platform integrates features from Upserve, Gastrofix, Kounta, and iKentoo to enhance operational efficiency for restaurants. Key offerings include advanced analytics, integrated inventory management, and contactless payments aimed at addressing the evolving needs of restaurateurs in the post-pandemic landscape.
Lightspeed Commerce Inc. (NYSE: LSPD) has announced that it will report its second quarter 2022 financial results on November 4, 2021, before the market opens. A conference call and webcast will take place at 8:00 AM ET on the same day to discuss the results. The company provides a cloud-based commerce platform aimed at helping merchants enhance customer experiences and streamline operations, serving clients in over 100 countries.
Lightspeed Commerce Inc. (NYSE: LSPD) has successfully closed its acquisition of Ecwid for approximately $163.6 million. This strategic move aims to enhance selling flexibility and omnichannel experiences for merchants by integrating Ecwid's capabilities. Lightspeed will issue 4,842,674 subordinate voting shares and an additional $12.8 million in deferred cash based on performance milestones. The acquisition supports a partnership with TikTok, allowing merchants to utilize TikTok For Business Ads Manager seamlessly, ultimately broadening their reach in social media and digital marketplaces.
Lightspeed Commerce Inc. (NYSE: LSPD) has officially changed its name from Lightspeed POS Inc., effective August 6, 2021. This name change, approved by shareholders at the August 5 meeting, reflects the company's growth beyond a point-of-sale solution, aligning with its comprehensive commerce platform vision. The company's subordinate voting shares will continue to trade under the ticker symbol LSPD on both the TSX and NYSE starting August 10, 2021. No actions are required from shareholders regarding this name change.
Lightspeed (NYSE: LSPD) has launched its integrated financial service, Lightspeed Payments, for hospitality merchants in Germany, Switzerland, France, Belgium, and the Netherlands. This expansion follows its availability in Canada and the U.S. and aims to enhance payment processing for independent businesses. As 40% of Lightspeed’s customers are outside North America, this move is significant. The company reports that 94% of U.K. small-business owners see cost benefits from integrated payments. The hospitality sector in Europe is rebounding, emphasizing the need for efficient payment solutions.
Horizon Technology Finance Corporation (NASDAQ: HRZN) reported Q2 2021 net investment income of $6.1 million ($0.31/share), down from $6.7 million ($0.40/share) year-over-year. The investment portfolio reached $404.1 million, with a net asset value of $224.3 million ($11.20/share). Horizon funded nine loans totaling $67.3 million, maintaining an annualized portfolio yield of 14.7%. The firm recorded liquidity events from five portfolio companies and announced $0.30/share in monthly distributions for October, November, and December 2021. Liquidity stood at $83.3 million as of June 30, 2021.
Horizon Technology Finance Corporation (NASDAQ: HRZN) reported a productive second quarter of 2021, with over $67 million in loans originated. The company achieved a record committed backlog of $143.5 million in debt investments. Notably, Horizon received $38 million in loan prepayments, enhancing its fee and interest income. The portfolio included significant loans to companies in technology and life sciences sectors, including $22.5 million for a commercial space station project. Overall, the company expects continued growth in the second half of 2021.
Lightspeed (NYSE: LSPD) has completed the acquisition of NuORDER for approximately $206.9 million in cash and shares. This strategic move aims to enhance Lightspeed's global distribution network, connecting over 3,000 brands with retailers, including Canada Goose and Converse. NuORDER processed over $11.5 billion in orders recently and reported revenues exceeding $20 million, growing at a rate of over 30% year-over-year. The acquisition is expected to simplify product ordering and deliver critical insights into product performance.
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