Third Quarter FY2025 Results February 6, 2025 Disclaimer General 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 presentation makes reference to certain non-IFRS measures and key performance indicators, which do not have a standardized meaning prescribed by IFRS and are therefo ...

Financial Data and Key Metrics Changes - Revenue grew 17% year-over-year to approximately $280 million, driven by a 9% increase in software revenue [23][38] - Adjusted EBITDA reached $16.6 million, significantly up from $3.6 million in the same quarter last year, exceeding the previous outlook of $14 million [24][46] - Total gross margin remained at 41%, with software gross margins increasing to 79% from 76% year-over-year [44][45] Business Line Data and Key Metrics Changes - Software revenue increased by 9% year-over-year to $88.1 million, supported by recent product releases and increased pricing [38][39] - Payments penetration among merchants rose from 29% to 38% year-over-year, with GPV increasing 34% to $8.8 billion [24][41] - Lightspeed Capital revenue nearly doubled to $10.2 million, reflecting strong customer demand for fast access to capital [42] Market Data and Key Metrics Changes - GTV from flagship offerings grew 23% year-over-year, while overall GTV increased approximately 2% to $23.5 billion [39][40] - The company expects GPV to represent between 40% to 45% of GTV by year-end [41][77] - Same-store sales in retail remain challenged, but the rate of decline is easing [40][104] Company Strategy and Development Direction - The company is focusing on growth in North American retail and European hospitality, with a strategic review leading to a transformation plan [10][12] - A reorganization was implemented to align the organizational structure with the new strategy, reallocating resources to growth markets [17][19] - The company plans to invest in product and technology enhancements in its two leading growth engines [20][21] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving over $53 million in adjusted EBITDA for the fiscal year, a 30% increase from initial guidance [37][53] - The company anticipates continued revenue growth despite headwinds from a strengthening U.S. dollar and restructuring impacts [51][52] - Management expects to see an inflection point for growth in ICP customers in fiscal 2026 [40][68] Other Important Information - A share repurchase program was announced to return up to $400 million in cash to shareholders [21][49] - The Capital Markets Day is scheduled for March 26, where management will provide updates on the transformation strategy and long-term financial outlook [22][50] Q&A Session Summary Question: Why was the sale process not the right choice at this time? - Management indicated that the strategic review aimed to determine the best corporate structure for executing the transformation plan, concluding that remaining a public company was the best path to maximize shareholder value [61][62] Question: What is the expected ramp-up time for new salespeople? - Typically, new outbound sales personnel take about six months to ramp up before impacting financials, with expectations for increased ICP location count and software growth in fiscal 2026 [68][69] Question: What are the expectations for payments penetration? - Management noted that while quarterly growth in payments penetration was modest due to seasonality, they remain confident in achieving the year-end target of 40% to 45% [76][77] Question: Can you provide insights on software performance and pricing? - The company reported a 9% year-over-year growth in software revenue, driven by innovation and pricing adjustments, with expectations for continued growth [88][90] Question: What is the outlook for share repurchases? - The company plans to execute the share repurchase program throughout fiscal 2026, reflecting confidence in its strategic plan [92][93]

For the quarter ended December 2024, Lightspeed Commerce Inc. (LSPD) reported revenue of $280.13 million, up 16.9% over the same period last year. EPS came in at $0.12, compared to $0.08 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $282.68 million, representing a surprise of -0.90%. The company delivered an EPS surprise of +71.43%, with the consensus EPS estimate being $0.07.While investors closely watch year-over-year changes in headline numbers -- revenue and ea ...

Group 1: Earnings Performance - Lightspeed Commerce Inc. reported quarterly earnings of $0.12 per share, exceeding the Zacks Consensus Estimate of $0.07 per share, and up from $0.08 per share a year ago, representing an earnings surprise of 71.43% [1] - Over the last four quarters, the company has surpassed consensus EPS estimates four times [2] - The current consensus EPS estimate for the upcoming quarter is $0.10, with revenues expected to be $272.91 million, and for the current fiscal year, the estimate is $0.40 on $1.1 billion in revenues [7] Group 2: Revenue Performance - Lightspeed POS posted revenues of $280.13 million for the quarter ended December 2024, which missed the Zacks Consensus Estimate by 0.90%, but increased from $239.7 million year-over-year [2] - The company has topped consensus revenue estimates three times over the last four quarters [2] Group 3: Stock Performance and Outlook - Lightspeed POS shares have declined approximately 4.8% since the beginning of the year, while the S&P 500 has gained 3.1% [3] - The sustainability of the stock's immediate price movement will depend on management's commentary during the earnings call [3] - The current estimate revisions trend for Lightspeed POS is mixed, resulting in a Zacks Rank 3 (Hold), indicating expected performance in line with the market [6] Group 4: Industry Context - The Technology Services industry, to which Lightspeed POS belongs, is currently ranked in the bottom 47% of over 250 Zacks industries, which may impact stock performance [8] - Another company in the same industry, N-able, is expected to report quarterly earnings of $0.08 per share, reflecting a year-over-year decline of 27.3% [9]

MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS FOR THE THREE AND NINE MONTHS ENDED DECEMBER 31, 2024 As used in this management's discussion and analysis ("MD&A"), unless the context indicates or requires otherwise, all references to the "Company", "Lightspeed", "we", "us" or "our" refer to Lightspeed Commerce Inc. together with our subsidiaries, on a consolidated basis as constituted on December 31, 2024. This MD&A dated February 6, 2025, for the three and nine months ...

Lightspeed's board authorized share repurchase to return up to $400 million to shareholders  Total revenue of $280.1 million, up 17% year-over-year Subscription revenue grew 9% year-over-yearNet loss improved to ($26.6) million and positive Adjusted EBITDA1 of $16.6 million exceeded outlook of ~$14 million Monthly ARPU2 in the quarter grew 19% year-over-year to ~$533Lightspeed reports in US dollars and in accordance with IFRS.MONTREAL, Feb. 6, 2025 /PRNewswire/ - Lightspeed Commerce Inc. ("Lightspeed" or th ...

Looking for a stock that has been consistently beating earnings estimates and might be well positioned to keep the streak alive in its next quarterly report? Lightspeed Commerce Inc. (LSPD) , which belongs to the Zacks Technology Services industry, could be a great candidate to consider.When looking at the last two reports, this company has recorded a strong streak of surpassing earnings estimates. The company has topped estimates by 48.33%, on average, in the last two quarters.For the last reported quarter ...

The most recent trading session ended with Lightspeed Commerce Inc. (LSPD) standing at $14.56, reflecting a +1.82% shift from the previouse trading day's closing. This move outpaced the S&P 500's daily gain of 0.92%. Meanwhile, the Dow experienced a rise of 0.31%, and the technology-dominated Nasdaq saw an increase of 2.03%.Shares of the company have depreciated by 6.29% over the course of the past month, underperforming the Business Services sector's gain of 2.44% and the S&P 500's gain of 0.81%.Market par ...

Core Insights - Lightspeed Commerce Inc. has introduced significant product innovations aimed at enhancing the retail and hospitality sectors, focusing on improving customer experiences and operational efficiencies [1] Retail Innovations - The expanded Lightspeed Scanner app now allows for mobile selling, enabling customers to complete purchases directly from the shop floor, thus reducing long lines and enhancing the shopping experience [2] - Retailers can now run promotions across multiple sales channels with greater flexibility, including advanced options like free shipping and targeted promotions based on customer data [3] - The Supplier Network has grown to include over 1 million products, providing retailers with high-quality data to better manage inventory and meet customer demands [4] - Integration with Homebase streamlines employee tracking and management, reducing missed shifts and simplifying operations [5] - Enhanced collaboration with Cin7 Core offers a cloud-based solution for real-time inventory management, automating data synchronization across systems [6] - New capabilities for special order fulfillment allow retailers to manage complex sales workflows more efficiently, maximizing sales opportunities [7] - Online tools have been extended to help merchants better showcase their products, improving customer navigation and engagement on online storefronts [8][9] Hospitality Innovations - The new Kitchen Display System (KDS) connects front-of-house and back-of-house operations, facilitating efficient order execution even during peak hours [10] - Multi-location reporting tools enable restaurant operators to compare sales metrics across locations, aiding in performance analysis and decision-making [11] - Instant Payouts feature allows eligible restaurants to access funds within 30 minutes, improving cash flow management [12] - Lightspeed Pulse provides real-time access to essential metrics for restaurant operators, enabling informed decision-making on the go [13] - The partnership with 7shifts simplifies payroll processing and improves scheduling efficiency for restaurant customers [14] Golf Innovations - Lightspeed Scheduling offers integrated tools for golf course operators to maximize bookings and revenue across various services [15] - The partnership with Landscapes Golf Management enhances operational efficiency and guest experience across over 60 properties [16]

Lightspeed Commerce Inc. (LSPD) closed the most recent trading day at $14.78, moving +1.16% from the previous trading session. The stock outperformed the S&P 500, which registered a daily gain of 0.88%. On the other hand, the Dow registered a gain of 1.24%, and the technology-centric Nasdaq increased by 0.65%.Prior to today's trading, shares of the company had lost 8.06% over the past month. This has lagged the Business Services sector's gain of 0.03% and the S&P 500's gain of 1.17% in that time.Investors w ...