About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, ...

Savings from the reorganization to be redeployed across growth areas of Lightspeed's businessLightspeed reaffirms financial outlook for fiscal 2025 revenue and Adjusted EBITDA1MONTREAL, Dec. 2, 2024 /PRNewswire/ - Lightspeed Commerce Inc. (NYSE: LSPD) (TSX: LSPD) ("Lightspeed" or the "Company"), the one-stop commerce platform empowering merchants to provide the best omnichannel experiences, today announced a reorganization to further optimize its operations toward executing on the Company's focused profitab ...

Double-digit improvements and raised guidance in the company's latest reported quarter pleased investors.According to data compiled by S&P Global Market Intelligence, retail-oriented fintech Lightspeed Commerce (LSPD 7.55%) was ringing it up on the stock market -- its shares had booked a more than 13% gain week to date as of early Friday. This followed news that the point-of-sale solutions developer had dropped quarterly results that featured beats on both the top and bottom lines.Illuminating the latest qu ...

Financial Data and Key Metrics Changes - Revenue grew 20% year-over-year to $277.2 million, exceeding the previous outlook of $270 million to $275 million [9] - Adjusted EBITDA reached a record $14 million, significantly better than breakeven adjusted EBITDA in the same quarter last year [10] - On a trailing 12-month basis, revenues exceeded $1 billion with adjusted EBITDA of $32 million [11] - Total gross profit increased 19% year-over-year to $114.3 million, with total gross margin at 41% [43] Business Line Data and Key Metrics Changes - Subscription revenue grew 6% year-over-year to $85.5 million, with gross margins increasing to 79% from 75% [39] - Transaction-based revenue grew 33% to $183.8 million, with GPV increasing 49% year-over-year to $8.8 billion [41] - Lightspeed Capital revenue grew 121% year-over-year to $9.3 million, indicating strong customer demand for capital access [41] Market Data and Key Metrics Changes - Payments penetration increased to 37% from 25% in the same quarter last year [10] - GTV from flagship products grew 26% year-over-year, while overall GTV was flat at $23.6 billion [50] - The proportion of GTV flowing through Lightspeed Payments is expected to increase to 40% to 45% by year-end [55] Company Strategy and Development Direction - The company is focusing on retail in North America and hospitality in Europe, which represent the largest and fastest-growing customer bases [30][31] - Plans include expanding the outbound sales team by over 60% and launching new software modules to increase software ARPU [28] - The goal is to improve growth profiles and simplify operations while enhancing customer satisfaction [35] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving profitable growth through operational efficiencies and cost management [26][27] - The company expects subscription revenue growth rates to improve in the second half of the fiscal year, with a target of 8% to 10% growth [40] - For Q3, revenue is expected to be between $280 million to $285 million, with adjusted EBITDA of approximately $14 million [56] Other Important Information - The Capital Markets Day scheduled for November 20th has been postponed due to an ongoing strategic review [8] - The company is actively managing share-based compensation, which decreased to $19.5 million or 10% of revenue for the quarter [49] Q&A Session All Questions and Answers Question: Insights on the pivot to software and pricing initiatives - Management noted early signs of improvement in software revenue and confirmed that price increases were communicated in July and October, with expected impacts starting in Q3 [62] Question: Impact of Lightspeed Capital on gross profit margins - Management confirmed that Lightspeed Capital is positively impacting gross profit margins, contributing high single digits in revenue with over 95% gross margins [64] Question: Size and growth of North American retail and EMEA hospitality markets - North American retail and EMEA hospitality are the majority of revenues, with a focus on accelerating growth in these segments [66] Question: Same-store sales trends and geographic differences - Same-store sales trends vary by geography, with some verticals in North America retail still declining but showing signs of easing [110] Question: Competitive dynamics in European hospitality - Management highlighted that they have a strong competitive position in Europe, with a focus on capturing market share from legacy players [108]

Lightspeed Commerce Inc. (LSPD) reported $277.18 million in revenue for the quarter ended September 2024, representing a year-over-year increase of 20.4%. EPS of $0.13 for the same period compares to $0.04 a year ago.The reported revenue represents a surprise of +1.20% over the Zacks Consensus Estimate of $273.9 million. With the consensus EPS estimate being $0.10, the EPS surprise was +30.00%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they co ...

Lightspeed Commerce Inc. (LSPD) came out with quarterly earnings of $0.13 per share, beating the Zacks Consensus Estimate of $0.10 per share. This compares to earnings of $0.04 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 30%. A quarter ago, it was expected that this company would post earnings of $0.06 per share when it actually produced earnings of $0.10, delivering a surprise of 66.67%.Over the last four quarters, the co ...

MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS FOR THE THREE AND SIX MONTHS ENDED SEPTEMBER 30, 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 September 30, 2024. This MD&A dated November 7, 2024, for the three and six months ...

Financial Performance - Total revenue of $277.2 million grew 20% year-over-year, exceeding the outlook [1] - Net loss improved to ($29.7) million, and positive Adjusted EBITDA of $14.0 million exceeded the outlook of $12 million [1] - Monthly ARPU grew 24% year-over-year to ~$527 [1] - Gross profit increased by 19% year-over-year to $114.3 million [1] - The company raised its Fiscal 2025 Adjusted EBITDA outlook to a minimum of $50 million from $45 million [1][7] Operational Highlights - Lightspeed delivered several new product releases, including Retail Insights globally, Multi-Location Ordering, and Instant Payouts expansion to the UK [4] - ARPU increased to ~$527 from ~$425, representing a 24% increase driven by the unified POS and payments offering [4] - Gross profit increased 19% year-over-year to $114.3 million, with a gross margin of 41% [4] - GTV generated by Lightspeed's flagship platforms increased by 26% year-over-year to $23.6 billion [4] - GPV increased 49% to $8.8 billion in the quarter, driven by the unified POS and payments initiative [4] Strategic Initiatives - The company is focusing on expanding payments adoption and controlling costs, which has resulted in record Adjusted EBITDA and positive Adjusted Free Cash Flow [2] - Lightspeed is prioritizing efforts in retail in North America and hospitality in Europe, where it has a proven competitive position [2] - The company is increasing its outbound teams and implementing targeted price increases to improve subscription revenue growth rates [8] Customer and Market Growth - Customer Locations with GTV exceeding $500,000/year and $1 million/year increased by 1% and 2% year-over-year, respectively [4] - Notable customer wins include Barebones Workwear, Mavi Jeans, Wayne's Boot Shop, Columbia Sportswear, J.Lindeberg, Bugatti Group, Nathalie, 4PM Entertainment, and J'adore [4] - Lightspeed Capital showed strong growth with revenue increasing 121% year-over-year [4] Financial Outlook - For the third quarter, the company expects revenue of approximately $280 million to $285 million and Adjusted EBITDA of approximately $14 million [9] - For Fiscal 2025, the company expects revenue growth of at least 20% and Adjusted EBITDA of a minimum of $50 million [10]

Lightspeed POS (LSPD) is scheduled to release its second-quarter fiscal 2025 results on Nov. 7, before market open.See Zacks Earnings Calendar to stay ahead of market-making news.LSPD surpassed the Zacks Consensus Estimate in the four trailing quarters, delivering an average earnings surprise of 188.3%.LSPD’s Q2 ExpectationsThe Zacks Consensus Estimate for revenues is pegged at $274 million, hinting at a 19% increase from the year-ago quarter’s actual. The top line is anticipated to have benefited from unif ...

Focused on improving business effectiveness and operational efficiency, the releases in the past few months have streamlined business management to help create faster workflows, predict sales opportunities and compare the health of their business against industry benchmarks."This past quarter we've delivered on some exciting and cutting-edge technology innovations," said Dax Dasilva, Founder and Chief Executive Officer of Lightspeed. "Whether you're a retailer looking to better capitalize on product sales o ...