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. (NYSE: LSPD) (TSX: LSPD) has launched Benchmarks & Trends, a new AI-driven feature suite for Lightspeed Restaurant in the US. This tool uses machine learning to provide restaurateurs with comparative data and actionable insights to boost revenue and streamline operations. Key features include:
1. Tailored insights comparing restaurant performance to local competitors
2. Meaningful comparisons adjusted for business size
3. Smart forecasting using historical data and machine learning
4. Streamlined operations optimization
Lightspeed Restaurant POS is reportedly 40% faster than leading competitors in North America. The launch addresses industry needs identified in Lightspeed's 2024 State of Hospitality Report, where 49% of restaurateurs reported growing competition and 74% sought technology to streamline operations.
Lightspeed Commerce Inc. (NYSE: LSPD) (TSX: LSPD), a leading one-stop commerce platform, has announced its participation in the Piper Sandler Growth Frontiers Conference. The event details are as follows:
- Speaker: JD Saint-Martin, President
- Date: Wednesday, September 11, 2024
- Time: 3:00 pm ET
- Location: Virgin Hotel, Nashville
A webcast of the presentation will be available on Lightspeed's investor relations website and will remain accessible on-demand for 180 days. This conference provides an opportunity for investors to gain insights into Lightspeed's growth strategies and market position in the omnichannel commerce sector.
Lightspeed Commerce Inc. (NYSE: LSPD) (TSX: LSPD) has launched Retail Insights, a new product offering data-driven tools to help retailers optimize inventory and sales opportunities. The platform uses historical and real-time data to forecast demand, factoring in stock-outs and enabling proactive purchase orders. Key features include:
1. Missed/Estimated items sold analysis
2. Non-seasonal replenishment forecasting
3. Streamlined purchase order creation
4. Detailed inventory and sales reporting
5. Customizable reporting options
Retail Insights aims to help merchants increase sales, manage inventory risks, and streamline operations. The product is now available globally to Lightspeed's retail clients, supporting the company's goal of offering the best POS experience.
Lightspeed Commerce Inc. (NYSE: LSPD) (TSX: LSPD) has announced a new collaboration with US Foods Holding Corp. (NYSE: USFD), integrating Lightspeed Restaurant technology into US Foods' CHECK Business Tools program. This partnership will make Lightspeed's advanced POS solutions available to thousands of restaurants and foodservice operators across the United States.
Key benefits for US Foods customers include exclusive offers on Lightspeed POS hardware, advanced insights to boost sales and improve customer service, and multi-location management capabilities. The collaboration aims to help restaurant operators streamline operations, increase profitability, and enhance customer experiences.
This partnership represents a significant milestone for Lightspeed, potentially expanding its reach in the U.S. restaurant industry and setting a new standard for dining technology solutions.
Lightspeed Commerce Inc. (TSX: LSPD) (NYSE: LSPD) held its annual shareholders' meeting on August 1st, 2024, with all proposed items of business approved by shareholders. Key outcomes include:
1. All seven nominated directors were elected with over 98% approval.
2. PricewaterhouseCoopers LLP was appointed as the company's auditor with 99.84% of votes in favor.
3. The advisory, non-binding resolution on executive compensation was approved with 98.92% support.
Lightspeed, a unified POS and payments platform for entrepreneurs, saw strong shareholder support across all voting items, indicating confidence in the company's leadership and strategic direction.
Lightspeed Commerce Inc. (NYSE: LSPD) reported strong Q1 2025 financial results, exceeding expectations and raising its Adjusted EBITDA outlook for fiscal 2025. Key highlights include:
- Total revenue of $266.1 million, up 27% year-over-year
- Net loss improved to ($35.0) million
- Positive Adjusted EBITDA of $10.2 million
- Quarterly ARPU grew 31% to a record ~$502
- GPV as a percentage of GTV increased to 36%, up from 22% last year
The company repurchased ~2.7 million shares for ~$40 million during the quarter. Lightspeed continues to focus on expanding payments adoption and right-sizing its cost structure, while turning attention to accelerating growth in its software business.
Lightspeed Commerce Inc. (NYSE: LSPD) (TSX: LSPD) has released its third annual Sustainability Report for fiscal year 2024, highlighting its commitment to Environmental, Social, and Governance (ESG) initiatives. Key achievements include:
- 86% of employees feel they can be authentic at work
- Diverse workforce with 9% LGBTQ2S+, 5% persons with disabilities, and 35% BIPOC representation
- 50% of executive officers identify as women
- Expanded Lightspeed Capital to France, Netherlands, Germany, and Belgium
- Partnerships with non-profits and environmental initiatives
The report also showcases businesses using Lightspeed to build diverse communities and make positive impacts. CEO Dax Dasilva emphasizes the company's commitment to leading by example in environmental and social responsibility.
Lightspeed Commerce (NYSE: LSPD) (TSX: LSPD) has unveiled new product innovations to address critical challenges faced by merchants. These updates focus on supporting complex customers, lowering costs, and increasing efficiency across retail and hospitality sectors. Key innovations include:
- An omnichannel Loyalty Program
- Enhanced B2B capabilities in NuORDER Assortments
- Improved landed cost understanding for retailers
- Advanced inventory management and auditing features
- Seamlessly integrated product reviews
- Expansion of Tableside solution to UK & Canada
- Partnership with Uber for delivery services
- Quebec WEB-SRM certification
- Tap to Pay on iPhone launch in France and Australia
These innovations aim to streamline operations, improve customer experiences, and help merchants focus on their core business.
Lightspeed Commerce (NYSE: LSPD, TSX: LSPD) announced it will release its fiscal first quarter 2025 financial results on August 1, 2024, before the market opens. The company will host a conference call and webcast at 8:00 am ET to discuss the results. Investors can register for the live call or access a replay, available until August 8, 2024.
Additionally, Lightspeed will host its Capital Markets Day on November 20, 2024, at the New York Stock Exchange, with both virtual and in-person attendance options.
A recent survey by Lightspeed Commerce reveals that 81% of Americans are dining out at least once a month, with 39% dining out weekly. Consumers are adopting money-saving strategies, such as using doggy bags (45%), opting for value meals (39%), and taking advantage of happy hour deals (36%).
Despite inflation affecting tipping habits, 58% feel pressured to tip more than they'd like, while 44% say inflation impacts their tipping ability. Moreover, 89% prefer physical menus over QR codes, with older demographics showing stronger resistance to digital menus.
Lightspeed surveyed over 7,500 dining consumers worldwide, including 1,500 U.S. respondents. The survey aims to understand evolving dining trends amid rising costs. Restaurants are encouraged to adapt to these trends to maintain customer satisfaction and repeat visits.
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