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Lightspeed Commerce Inc. - LSPD STOCK NEWS

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.

News

Lightspeed Commerce Announces Cost Reductions, Share Repurchase Program, and Reaffirms Focus on Profitable Growth

Rhea-AI Summary
Lightspeed Commerce Inc. announces a reorganization and cost reduction initiative, including a 10% reduction in headcount-related operating expenditures. The company also authorizes a share repurchase program of up to 10% of its public float, valued at approximately $140 million. Lightspeed reaffirms its fiscal 2024 revenue and Adjusted EBITDA outlook.
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Elevating the Culinary Scene: Introducing the Next Evolution of Lightspeed Restaurant in Quebec

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Lightspeed Commerce Inc. launches Lightspeed Restaurant in Quebec, offering advanced data analytics, staffing solutions, and smart inventory management to help restaurateurs scale their operations. Despite challenges in the industry, the sector shows resilience with anticipated growth in foodservice sales by 2026.
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Lightspeed Named One of Montréal’s Top Employers for 2024

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Lightspeed Commerce Inc. has been named one of the best places to work in Montréal for the second consecutive year by Mediacorp Canada's Annual Competition. The company offers exceptional health and wellness benefits, an unlimited time off policy in North America, and an equity incentive plan. Lightspeed emphasizes a fantastic culture and encourages employee referrals. CEO Dax Dasilva highlights the city's culture and innovation as key factors in the company's success.
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Lightspeed to Participate in Upcoming Investor Conferences

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Lightspeed Commerce Inc. (LSPD) to participate in two investor conferences showcasing its unified POS and payments platform. The events feature key executives discussing the company's growth strategies and customer experiences.
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Lightspeed Announces the Return of Dax Dasilva as CEO

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Lightspeed Commerce Inc. reappoints Founder Dax Dasilva as interim CEO, replacing JP Chauvet. Dasilva aims to prioritize profitability and operational efficiencies to drive shareholder value. The company reported strong third-quarter 2024 financial results, with revenue growth of 27% year-over-year.
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Lightspeed Announces Third Quarter 2024 Financial Results

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Lightspeed Commerce Inc. reported a 27% year-over-year growth in total revenue to $239.7 million, with a net loss of $40.2 million and Adjusted EBITDA of $3.6 million. The company's Unified Payments initiative increased GPV to $6.6 billion, and the subscription revenue saw a 9% year-over-year increase. Lightspeed also delivered several new product releases and expanded its operations in Europe. The financial outlook for fiscal 2024 indicates a revenue range of $895 million to $905 million with a target of achieving break even or better Adjusted EBITDA.
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Lightspeed Commerce Announces Table Side; Roster of New Product Innovations Designed to Increase Customer Efficiency and Cost Effectiveness

Rhea-AI Summary
Lightspeed Commerce Inc. (LSPD) announced new product features and updates to enhance customer service, insights, and unified integrations for retailers and hospitality providers. The company aims to simplify and scale operations, addressing concerns about inflation and focusing on innovations that improve speed and efficiency. The new features include Lightspeed Tableside for faster order-taking, Lightspeed Retail and NuORDER Order Integration for simplified purchasing, Advanced Insights additions to Lightspeed Retail to save money and time, Instant Payouts for retailers, embedded payments and accounting reconciliation on Lightspeed Retail, standalone retail payments, self-delivery on Order Anywhere, Tap to Pay on iPhone, and the expansion of Lightspeed Capital into new markets. The company's clientele includes renowned businesses in various countries, and the PR emphasizes the transformative features of Lightspeed on their website.
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Lightspeed Announces Launch of Lightspeed Scheduling to Enable Golf Courses to Manage and Grow Off-Course Services

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Lightspeed Commerce Inc. (NYSE | TSX: LSPD) has announced the launch of Lightspeed Scheduling, a new booking management tool that allows golf course operators to expand their online booking capabilities beyond tee times. This tool enables them to offer 24/7 online bookings for off-course services such as golf simulators, lessons, fittings, racket sports, and more. The release of Lightspeed Scheduling comes at a time of surging demand for off-course golf activities, with approximately 70% of Lightspeed Golf customers currently having booking needs that extend beyond the golf course. This new tool aims to help courses serve a broader audience, drive additional revenue, and provide a seamless experience for staff and customers.
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Lightspeed and GreatLIFE Partner to Offer Customers World-Class, Technology-Driven Golf Experiences

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Lightspeed Commerce Inc. announced a new partnership with GreatLIFE Golf & Fitness, a Multi-Course Operator with 56 locations across the US. The partnership aims to provide custom technology solutions to GreatLIFE’s golf courses, highlighting Lightspeed's commitment to the golf industry. The collaboration emphasizes the platform's flexibility, open API, and dedicated support for MCOs. Lightspeed is a technology partner for renowned MCOs in the golf industry, aligning with GreatLIFE's mission to enrich communities through golf and healthy lifestyles.
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Lightspeed Announces Fiscal Third Quarter 2024 Financial Results Conference Call

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Lightspeed Commerce Inc. (LSPD) will report third quarter 2024 financial results on February 8, 2024. Lightspeed is a unified POS and payments platform for entrepreneurs, aiming to accelerate growth and provide exceptional customer experiences.
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FAQ

What is the current stock price of Lightspeed Commerce (LSPD)?

The current stock price of Lightspeed Commerce (LSPD) is $16.07 as of December 20, 2024.

What is the market cap of Lightspeed Commerce (LSPD)?

The market cap of Lightspeed Commerce (LSPD) is approximately 2.3B.

What does Lightspeed Commerce Inc. do?

Lightspeed Commerce Inc. provides an omni-channel commerce-enabling SaaS platform that integrates POS systems, inventory management, CRM, and advanced analytics to help businesses streamline operations and enhance customer experiences.

Where is Lightspeed Commerce Inc. headquartered?

Lightspeed Commerce Inc. is headquartered in Montréal, Canada, with offices in key cities globally, including New York, London, Amsterdam, and Sydney.

What are Lightspeed's flagship products?

Lightspeed's flagship products are Lightspeed Retail and Lightspeed Restaurant, designed for complex, multi-location businesses in the retail and hospitality sectors.

How has Lightspeed performed financially recently?

Lightspeed reported a 27% year-over-year increase in total revenue for the third quarter of fiscal 2024 and achieved its second consecutive quarter of positive Adjusted EBITDA.

What is Lightspeed's growth outlook?

Lightspeed expects to exceed $1 billion in revenue by fiscal 2025, driven by subscription revenue growth and an increasing customer base, while maintaining sustainable profitability.

What recent strategic partnerships has Lightspeed announced?

Lightspeed recently announced partnerships with the Myrtle Beach Area Golf Course Owners Association and Uber, enhancing its product ecosystem and customer reach.

What markets does Lightspeed serve?

Lightspeed serves retail, hospitality, and golf businesses in over 100 countries, offering tailored solutions for multi-location operations.

How does Lightspeed help local businesses?

Lightspeed provides intuitive tools and solutions to help local businesses manage their operations, scale effectively, and offer exceptional customer experiences.

Has Lightspeed integrated its POS and payments solutions?

Yes, Lightspeed has successfully integrated its POS and payments solutions, driving significant growth in transaction-based revenues.

Where can I find more information about Lightspeed?

For more information, visit Lightspeed's official website at www.lightspeedhq.com and follow them on social media platforms like LinkedIn, Facebook, Instagram, YouTube, and Twitter.

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Lightspeed Commerce Inc.

NYSE:LSPD

LSPD Rankings

#1857 Ranked by Market Cap
N/A Ranked by Dividends

LSPD Stock Data

2.34B
137.15M
9.92%
61.11%
3.56%
Software - Application
Technology
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United States of America
Montreal