Lightspeed Commerce Inc. (LSPD) could be a solid choice for investors given the company's remarkably improving earnings outlook. While the stock has been a strong performer lately, this trend might continue since analysts are still raising their earnings estimates for the company. Analysts' growing optimism on the earnings prospects of this company is driving estimates higher, which should get reflected in its stock price. After all, empirical research shows a strong correlation between trends in earnings e ...

Group 1 - Lightspeed Commerce Inc. (LSPD) has recently reached a key level of support and overtook the 200-day moving average, indicating a long-term bullish trend [1] - LSPD shares have increased by 19.3% over the past four weeks, and the company holds a Zacks Rank 2 (Buy), suggesting potential for continued growth [2] - Positive earnings estimate revisions have been noted, with no estimates decreasing in the past two months and two estimates increasing, indicating a favorable outlook for the company [3] Group 2 - The 200-day simple moving average is a significant indicator for establishing market trends and serves as a support or resistance level for LSPD [2] - The combination of positive earnings estimate revisions and technical indicators positions LSPD as a stock to watch for potential gains in the near future [3]

Blanchard's quip highlights the fact that to successfully navigate marketplace challenges and capture new opportunities, businesses increasingly need to focus on creating scalable solutions for their customers' top needs. And against the current dynamic operating backdrop, businesses need to not just provide the best product or solution possible, but also to do it extremely efficiently. That's why PYMNTS CEO Karen Webster sat down with Dax Dasilva, CEO at point-of-sale (POS) system company Lightspeed, to di ...

Given this move in earnings estimate revisions and the positive technical factor, investors may want to keep their eye on LSPD for more gains in the near future. Like other SMAs, if a stock's price is moving above the 20-day, the trend is considered positive. When the price falls below the moving average, it can signal a downward trend. Over the past four weeks, LSPD has gained 16.2%. The company is currently ranked a Zacks Rank #2 (Buy), another strong indication the stock could move even higher. Once inve ...

Group 1 - Lightspeed Commerce Inc. (LSPD) has recently reached a key level of support and overtaken the 50-day moving average, indicating a potential short-term bullish trend [1] - LSPD shares have increased by 16.2% over the past four weeks, and the company holds a Zacks Rank 2 (Buy), suggesting a likelihood of continued upward movement [2] - There have been positive earnings estimate revisions for LSPD, with one higher estimate compared to none lower for the current fiscal year, further supporting the bullish outlook [2] Group 2 - The combination of the technical indicator and positive earnings revisions makes LSPD a candidate for investors' watchlists [3]

Lightspeed Commerce Inc. (LSPD) came out with quarterly earnings of $0.06 per share, beating the Zacks Consensus Estimate of $0.05 per share. This compares to break-even earnings per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 20%. A quarter ago, it was expected that this company would post earnings of $0.03 per share when it actually produced earnings of $0.08, delivering a surprise of 166.67%. Over the last four quarters, t ...

Financial Data and Key Metrics Changes - The company reported revenue of $230.2 million for Q4 2024, a 25% year-over-year increase, and for the full fiscal year, revenue grew by 24% to $909.3 million [17][41] - Adjusted EBITDA for Q4 was $4.4 million, improving from an adjusted EBITDA loss of $4.3 million in the same quarter last year [47] - The company achieved a net retention rate of approximately 110% and gross payments volume as a proportion of GTV ended the year at 32%, up from 19% the previous year [41][53] Business Line Data and Key Metrics Changes - Subscription revenue increased by 7% year-over-year to $81.3 million, while transaction-based revenue grew by 40% to $139 million [43][45] - The gross margins on subscription revenue improved to 77%, up from 75% in the same quarter last year [43] - Lightspeed Capital revenue grew by 135%, indicating strong demand for this service among customers [45] Market Data and Key Metrics Changes - Total GTV for the quarter was $20.7 billion, up 2% year-over-year, with flagship products showing a 29% increase in GTV [50][94] - Customer locations with GTV exceeding $1 million a year grew by 6%, while those with GTV under $200,000 a year continued to decline [51] - The company expects payments penetration to reach 40% to 45% by the end of fiscal 2025 [76] Company Strategy and Development Direction - The company is focused on three key operational objectives for fiscal 2025: accelerating software revenue growth, advancing adoption of financial services, and controlling costs [6][34] - There is a strong emphasis on improving the customer journey and increasing outbound sales efforts to attract higher-GDP customers [31][32] - The company plans to continue investing in product innovation, particularly leveraging AI to enhance customer experiences and operational efficiencies [26][33] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving long-term profitable growth, with expectations of at least 20% revenue growth and adjusted EBITDA of no less than $40 million in fiscal 2025 [66] - The macroeconomic environment remains challenging, particularly in certain retail verticals, but management believes that growth will accelerate once these verticals recover [88][89] - The restructuring efforts are expected to yield benefits throughout fiscal 2025, with a focus on operational efficiencies and cost reductions [37][56] Other Important Information - The company announced a share repurchase program allowing for the buyback of up to 10% of its public float, valued at approximately $140 million [64] - The company closed the quarter with over $722 million in cash and cash equivalents, down from approximately $749 million in the previous quarter [60] Q&A Session Summary Question: Impact of sales force pivot on subscription revenue - Management indicated that the account management team, which typically accounts for about 50% of software bookings, will return to a balanced approach of cross-selling payments and upselling software, which is expected to improve subscription revenue [74] Question: Transaction gross margins outlook - Management expects transaction gross margins to remain stable or increase due to the growth of the capital business and international expansion of Lightspeed Payments [81] Question: Macro environment impact on growth - Management noted that certain retail verticals have not returned to pre-COVID levels, but they remain confident in achieving at least 20% top-line growth [89] Question: GTV growth components - Management highlighted that GTV growth in flagship products has been strong, and they expect GTV to grow as they focus on increasing customer locations and software revenue [94] Question: Lightspeed Capital growth potential - Management sees significant growth potential for Lightspeed Capital, with plans to grow cautiously and explore partnerships for funding [114]

& lightspeed Fourth Quarter FY2024 Results All references in this presentation to the "Company", "Lightspeed", "us" or "we" are to Lightspeed Commerce Inc. All references in this presentation to dollars, "$" or "US$" are to United States dollars, and all references to Canadian dollars and "C$" are to Canadian dollars. This forward-looking information and other forward-looking information are based on our opinions, estimates and assumptions in light of our experience and perception of historical trends, curr ...

[Financial & Operational Highlights](index=1&type=section&id=Lightspeed%20Announces%20Fourth%20Quarter%20and%20Full%20Year%202024%20Financial%20Results) Lightspeed reports strong Q4 and full-year 2024 financial results, marked by revenue growth and improved profitability [Fourth Quarter Financial Highlights](index=1&type=section&id=Fourth%20Quarter%20Financial%20Highlights) Lightspeed's Q4 2024 revenue grew 25% to $230.2 million, achieving positive Adjusted EBITDA of $4.4 million Q4 Fiscal 2024 Financial Highlights (vs. Q4 Fiscal 2023) | Metric | Q4 FY2024 (in millions) | Q4 FY2023 (in millions) | Change | | :--- | :--- | :--- | :--- | | **Total Revenue** | $230.2 | $184.2 | +25% | | Transaction-based Revenue | $139.0 | $99.6 | +40% | | Subscription Revenue | $81.3 | $76.2 | +7% | | **Net Loss** | ($32.5) | ($74.5) | Improved | | Net Loss per Share | ($0.21) | ($0.49) | Improved | | **Adjusted EBITDA** | $4.4 | ($4.3) | Improved | | **Adjusted Income (Loss)** | $8.5 | ($0.4) | Improved | | Cash and Cash Equivalents | $722.1 | - | - | [Full Fiscal Year 2024 Financial Highlights](index=1&type=section&id=Full%20Fiscal%20Year%20Financial%20Highlights) Lightspeed's full fiscal year 2024 revenue grew 24% to $909.3 million, achieving positive Adjusted EBITDA for the first time Full Fiscal Year 2024 Financial Highlights (vs. FY 2023) | Metric | FY2024 (in millions) | FY2023 (in millions) | Change | | :--- | :--- | :--- | :--- | | **Total Revenue** | $909.3 | $730.5 | +24% | | Transaction-based Revenue | $545.5 | $399.6 | +37% | | Subscription Revenue | $322.0 | $298.8 | +8% | | **Net Loss** | ($164.0) | ($1,070.0) | Improved | | Net Loss per Share | ($1.07) | ($7.11) | Improved | | **Adjusted EBITDA** | $1.3 | ($33.9) | Improved | | **Adjusted Income (Loss)** | $24.5 | ($25.1) | Improved | - Fiscal 2024 was a milestone year, with the company exceeding its revenue outlook and achieving a full year of **positive Adjusted EBITDA** for the first time[3](index=3&type=chunk) [Fourth Quarter Operational Highlights & Corporate Updates](index=2&type=section&id=Fourth%20Quarter%20Operational%20Highlights) Q4 operational highlights include strong ARPU and GPV growth, new AI-powered product launches, and strategic corporate updates Q4 2024 Key Performance Indicators (YoY) | KPI | Q4 2024 | Change (YoY) | | :--- | :--- | :--- | | **ARPU** | ~$431 | +29% | | **GPV** | $6.6 billion | +75% | | **Total GTV** | $20.7 billion | +2% | | **Lightspeed Capital Revenue** | - | +135% | | Customer Locations GTV >$500k/yr | - | +5% | | Customer Locations GTV >$1M/yr | - | +6% | - GPV as a percentage of GTV reached **32%** in the quarter, a significant increase from 19% in the prior year, demonstrating strong adoption of Lightspeed Payments[1](index=1&type=chunk) - New product releases include AI-powered configuration recommendations, margin-based pricing, enhanced order tracking with Apple Wallet, and Payment Links[6](index=6&type=chunk) - The company announced a reorganization to reduce headcount-related expenses by approximately **10%** (eliminating ~280 roles) and authorized a share repurchase program for up to **10%** of the public float[7](index=7&type=chunk) - Dax Dasilva has been reappointed as Lightspeed's permanent CEO, removing the interim tag[2](index=2&type=chunk) [Financial Outlook](index=3&type=section&id=Financial%20Outlook) Lightspeed provides a positive fiscal 2025 outlook, projecting revenue growth exceeding $1 billion and minimum Adjusted EBITDA of $40 million [Fiscal 2025 Outlook](index=3&type=section&id=Fiscal%2025%20Outlook) Lightspeed projects at least 20% revenue growth and a minimum of $40 million in Adjusted EBITDA for fiscal year 2025 Fiscal Year 2025 Outlook | Metric | Outlook | | :--- | :--- | | **Revenue Growth** | At least 20% | | **Adjusted EBITDA** | A minimum of $40 million | - The company expects to exceed the **$1 billion revenue mark** in Fiscal 2025[3](index=3&type=chunk) [First Quarter 2025 Outlook](index=3&type=section&id=First%20Quarter%202025%20Outlook) Lightspeed forecasts Q1 2025 revenue between $255 million and $260 million, with Adjusted EBITDA of approximately $7 million First Quarter 2025 Outlook | Metric | Outlook | | :--- | :--- | | **Revenue** | Approx. $255 million to $260 million | | **Adjusted EBITDA** | Approx. $7 million | - Subscription revenue growth for Q1 2025 is expected to be consistent with Q4 2024[10](index=10&type=chunk) [Supplementary Information](index=5&type=section&id=Supplementary%20Information) This section details financial outlook assumptions and defines key non-IFRS measures and performance indicators [Financial Outlook Assumptions](index=5&type=section&id=Financial%20Outlook%20Assumptions) The financial outlook relies on stable macroeconomic conditions and successful payment adoption, while acknowledging risks - Key assumptions include continued uptake of payments solutions, manageable churn rates, and successful migration of existing customers to flagship offerings[15](index=15&type=chunk) - Major risks include macroeconomic factors affecting SMBs, exchange rate fluctuations, inability to increase customer sales, competition, and information security breaches[17](index=17&type=chunk) [Non-IFRS Measures and Ratios & Key Performance Indicators](index=7&type=section&id=Non-IFRS%20Measures%20and%20Ratios%20%26%20Key%20Performance%20Indicators) This section defines key non-IFRS measures and KPIs like Adjusted EBITDA, ARPU, GPV, and GTV - **Adjusted EBITDA:** Defined as net loss excluding interest, taxes, depreciation, amortization, and adjusted for items like share-based compensation, transaction-related costs, and restructuring[22](index=22&type=chunk) - **ARPU (Average Revenue Per User):** Represents total subscription and transaction-based revenue divided by the number of Customer Locations[37](index=37&type=chunk) - **GPV (Gross Payment Volume):** The total dollar value of transactions processed through Lightspeed's payments solutions where it acts as the principal[39](index=39&type=chunk) - **GTV (Gross Transaction Volume):** The total dollar value of transactions processed through the software platform, an indicator of customer success and platform strength[40](index=40&type=chunk) [Financial Statements & Reconciliations](index=13&type=section&id=Financial%20Statements%20%26%20Reconciliations) This section presents Lightspeed's consolidated financial statements and reconciliations of IFRS to non-IFRS results [Condensed Consolidated Statements of Loss and Comprehensive Loss](index=13&type=section&id=Condensed%20Consolidated%20Statements%20of%20Loss%20and%20Comprehensive%20Loss) The statement details FY2024 total revenue of $909.3 million and a significantly reduced net loss of ($164.0) million Fiscal Year Ended March 31 (in thousands of US dollars) | Line Item | 2024 | 2023 | | :--- | :--- | :--- | | **Total Revenues** | $909,270 | $730,506 | | Gross Profit | $385,250 | $331,961 | | Operating Loss | ($203,019) | ($1,099,040) | | **Net Loss** | ($163,964) | ($1,070,009) | | Net Loss per Share | ($1.07) | ($7.11) | [Condensed Consolidated Balance Sheets](index=14&type=section&id=Condensed%20Consolidated%20Balance%20Sheets) As of March 31, 2024, Lightspeed reported total assets of $2.575 billion, with cash and cash equivalents at $722.1 million Balance Sheet as of March 31 (in thousands of US dollars) | Line Item | 2024 | 2023 | | :--- | :--- | :--- | | **Cash and cash equivalents** | $722,102 | $800,154 | | **Total Assets** | $2,575,154 | $2,668,732 | | Total Liabilities | $162,753 | $171,283 | | **Total Shareholders' Equity** | $2,412,401 | $2,497,449 | [Condensed Consolidated Statements of Cash Flows](index=15&type=section&id=Condensed%20Consolidated%20Statements%20of%20Cash%20Flows) FY2024 saw improved net cash used in operating activities at ($97.7) million, with cash and cash equivalents ending at $722.1 million Cash Flows for Fiscal Year Ended March 31 (in thousands of US dollars) | Line Item | 2024 | 2023 | | :--- | :--- | :--- | | **Cash flows used in operating activities** | ($97,667) | ($125,284) | | Cash flows from investing activities | $25,950 | $8,817 | | Cash flows used in financing activities | ($6,226) ($35,411) | | **Net decrease in cash** | ($78,052) | ($153,500) | | **Cash and cash equivalents – End of year** | $722,102 | $800,154 | [Reconciliation from IFRS to Non-IFRS Results](index=16&type=section&id=Reconciliation%20from%20IFRS%20to%20Non-IFRS%20Results) This section reconciles IFRS net loss to non-IFRS measures, including Adjusted EBITDA and Adjusted Income, for Q4 and full fiscal year 2024 [Adjusted EBITDA Reconciliation](index=16&type=section&id=Adjusted%20EBITDA) This sub-section details the reconciliation of net loss to Adjusted EBITDA for both quarterly and full fiscal year periods Adjusted EBITDA Reconciliation (in thousands of US dollars) | Period | Net Loss | Adjustments | Adjusted EBITDA | | :--- | :--- | :--- | :--- | | **Q4 2024** | ($32,540) | $36,931 | $4,391 | | **Q4 2023** | ($74,468) | $70,120 | ($4,348) | | **FY 2024** | ($163,964) | $165,229 | $1,265 | | **FY 2023** | ($1,070,009) | $1,036,128 | ($33,881) | [Adjusted Income (Loss) Reconciliation](index=17&type=section&id=Adjusted%20Income%20%28Loss%29) This sub-section provides the reconciliation of net loss to Adjusted Income (Loss) for quarterly and full fiscal year results Adjusted Income (Loss) Reconciliation (in thousands of US dollars) | Period | Net Loss | Adjustments | Adjusted Income (Loss) | | :--- | :--- | :--- | :--- | | **Q4 2024** | ($32,540) | $41,066 | $8,526 | | **Q4 2023** | ($74,468) | $74,066 | ($402) | | **FY 2024** | ($163,964) | $188,499 | $24,535 | | **FY 2023** | ($1,070,009) | $1,044,955 | ($25,054) |

Total revenue of $230.2 million grew 25% year-over-year and annual revenue exceeded previously-established outlook Net loss and Adjusted EBITDA1 improved to ($32.5) million and $4.4 million, respectively GPV as a percentage of GTV was 32% in the quarter, up from 19% in the prior year ARPU2 of ~$431 grew 29% year-over-year with Net Retention Rate of ~110% Lightspeed reports in US dollars and in accordance with IFRS. MONTREAL, May 16, 2024 /PRNewswire/ - Lightspeed Commerce Inc. ("Lightspeed" or the "Company" ...