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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 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

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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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Lightspeed Data Shows Customers Are Seeking Indulgence With New Year’s Eve Menu Items

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Lightspeed Commerce Inc. (NYSE | TSX: LSPD) reveals exclusive data on New Year's Eve dining trends, showcasing a surge in demand for premium menu items like caviar, lobster, and steak, as well as a significant increase in sparkling wine sales. The report also highlights a 4% increase in the median check size on New Year's Eve, indicating potential sales opportunities for American bars and restaurants. Lightspeed's Advanced Insights module, based on transactions from thousands of hospitality businesses across the U.S., provides actionable strategies for restaurant owners to drive growth and enhance customer experiences.
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Exclusive Lightspeed Data Shows How Bars and Restaurants can Seize on Thanksgiving Eve Trend ‘Drinksgiving’ to Drive Major Sales

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Lightspeed Commerce Inc. (NYSE | TSX: LSPD) reveals insights from its Advanced Insights module, showing a significant boost in business for bars and restaurants on Thanksgiving Eve, known as 'Drinksgiving.' The data indicates a doubling of business for bars compared to the previous week and a 39% growth in total transactions across all restaurant categories. Key highlights include a 156% increase in liquor orders, 85% increase in beer sales, 69% surge in cocktail orders, and 6% growth in wine sales. The report also suggests that staying open on Thanksgiving Day can be lucrative, with a 36% increase in transactions and 109% increase in total sales. The data debunks the myth of bad tippers on Thanksgiving Day, with an average dine-in tip percentage of 18%. However, the report warns about labor shortages and retention challenges, urging businesses to prepare for the holiday rush in December.
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Lightspeed to Participate in Upcoming Investor Conferences

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Lightspeed Commerce Inc. (LSPD) to Participate in 2023 TD Technology Conference and Barclays Global Technology Conference, featuring speakers JD Saint-Martin and JP Chauvet. The events aim to showcase Lightspeed's unified POS and payments platform for ambitious entrepreneurs to accelerate growth and provide exceptional customer experiences.
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David Jones Digitizes Its Buying Process Utilizing NuORDER by Lightspeed

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Lightspeed Commerce Inc. (NYSE | TSX: LSPD) has been selected by David Jones, Australia’s leading premium department store, to digitize its merchandising and buying process as part of its Vision 2025+ strategy. This partnership will see David Jones utilizing NuORDER Assortments to streamline the buying process, replacing manual, time-consuming processes with digital tools. The technology will enable David Jones to deliver a more sophisticated omnichannel assortment, enhance collaboration with brands, and take a more customer-centric approach to range planning, ultimately ensuring a premium product offering both online and in-store.
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FAQ

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

The current stock price of Lightspeed Commerce (LSPD) is $17.67 as of November 21, 2024.

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

The market cap of Lightspeed Commerce (LSPD) is approximately 2.7B.

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

#1772 Ranked by Market Cap
N/A Ranked by Dividends

LSPD Stock Data

2.68B
136.79M
9.92%
61.02%
3.19%
Software - Application
Technology
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United States of America
Montreal