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, TSX: LSPD) announced its participation in the 2024 RBC Capital Markets Financial Technology Conference on June 11, 2024. The event will feature Gus Papageorgiou, Head of Investor Relations, presenting at 11:20 am ET. The conference will be held at The Lotte New York Palace, 455 Madison Avenue, New York City. Investors can access the live webcast and replay on Lightspeed's investor relations website for 90 days. The conference participation aims to enhance investor engagement and showcase Lightspeed's advancements in omnichannel commerce solutions.
Lightspeed Commerce (NYSE: LSPD | TSX: LSPD) and Uber (NYSE: UBER) have announced a new partnership to integrate Uber Direct and Uber Eats into Lightspeed's platform for North American hospitality merchants.
This collaboration allows Lightspeed merchants to list their offerings on Uber Eats, accessed by millions of users, and use Uber Direct for cost-effective deliveries without investing in custom fleets. Lightspeed's President JD Saint-Martin emphasized the partnership's potential to address staffing and revenue margin challenges in the restaurant industry, while Uber's Bernie Huddlestun highlighted the rising consumer demand for express delivery.
The integration is now available to North American Lightspeed Restaurant customers, with plans to expand to additional markets. More information can be found on Lightspeed's website.
Lightspeed announced its Q4 and full-year 2024 financial results, showcasing a 25% YoY revenue growth to $230.2 million for Q4, and a 24% annual growth to $909.3 million, surpassing expectations. Transaction-based revenue surged 40% YoY to $139 million for Q4, while subscription revenue increased 7% YoY to $81.3 million. Net loss improved significantly to $32.5 million from $74.5 million in the prior year, and Adjusted EBITDA turned positive at $4.4 million from a loss of $4.3 million. The company forecasts crossing $1 billion in revenue for fiscal 2025. Dax Dasilva has been reappointed as the permanent CEO.
Lightspeed and the Myrtle Beach Area Golf Course Owners Association have formed a strategic partnership to enhance golf experiences. Lightspeed will provide industry-leading retail and restaurant solutions to over 70 premium golf courses in Myrtle Beach, integrating with Omni Golf's tee sheet technology. This partnership coincides with the Myrtle Beach Classic tournament, the first-ever PGA Tour event in the region's history.
Lightspeed Commerce Inc. highlights recent product launches aimed at helping businesses scale faster and smarter, with a focus on data-driven innovations in retail and hospitality. The Q4 updates include new products and features to enhance customer value and operational efficiencies. Key highlights include margin-based pricing, stockout identification, enhanced order tracking with Apple Wallet, payment links, order history and account management for diners, AI-powered configuration recommendations, and new third-party software integrations. Lightspeed continues to empower merchants to provide omnichannel experiences and drive customer loyalty.
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