MONTREAL, Aug. 2, 2024 /PRNewswire/ - Lightspeed Commerce Inc. ("Lightspeed" or the "Company") (TSX: LSPD) (NYSE: LSPD), today announced the voting results for the items of business put forth by the Company at its annual shareholders meeting held on August 1st, 2024 (the "Meeting"). Lightspeed is the unified POS and payments platform for ambitious entrepreneurs to accelerate growth, provide the best customer experiences and become a go-to destination in their space. Shareholders of the Company voted in favo ...

Lightspeed is taking on other cloud-based rivals in the retail space amid strong revenue growth. The point-of-sale (POS) system provider released earnings Thursday (Aug. 1) showing revenues up 27% during the quarter, which also saw the company release new inventory management features for its ICP (ideal customer profile) customers. "Our efforts in retail are focused on widening the mode between ourselves and other cloud based competitors and displacing legacy players currently serving our ICP customers," sa ...

About this content About Angela Harmantas Angela Harmantas is an Editor at Proactive. She has over 15 years of experience covering the equity markets in North America, with a particular focus on junior resource stocks. Angela has reported from numerous countries around the world, including Canada, the US, Australia, Brazil, Ghana, and South Africa for leading trade publications. Previously, she worked in investor relations and led the foreign direct investment program in Canada for the Swedish government. S ...

Core Insights - Lightspeed Commerce Inc. (LSPD) reported quarterly earnings of $0.10 per share, exceeding the Zacks Consensus Estimate of $0.06 per share, and compared to a loss of $0.01 per share a year ago, indicating a significant earnings surprise of 66.67% [1] - The company achieved revenues of $266.09 million for the quarter ended June 2024, surpassing the Zacks Consensus Estimate by 3% and showing an increase from $209.09 million year-over-year [2] - Lightspeed POS shares have underperformed, losing approximately 36.2% since the beginning of the year, while the S&P 500 has gained 15.8% [3] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $0.10 on revenues of $272.56 million, and for the current fiscal year, it is $0.32 on revenues of $1.1 billion [7] - The estimate revisions trend for Lightspeed POS is mixed, resulting in a Zacks Rank 3 (Hold), suggesting the shares are expected to perform in line with the market in the near future [6] Industry Context - The Technology Services industry, to which Lightspeed POS belongs, is currently ranked in the top 38% of over 250 Zacks industries, indicating a favorable outlook compared to the bottom 50% [8] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can be tracked by investors [5]

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 June 30, 2024. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS FOR THE THREE MONTHS ENDED JUNE 30, 2024 This MD&A dated August 1, 2024, for the three months ended June 30, 2024, should ...

Core Insights - Lightspeed Commerce Inc. reported total revenue of $266.1 million for the quarter ended June 30, 2024, representing a 27% year-over-year growth and exceeding expectations [1][4] - The company improved its net loss to ($35.0) million from ($48.7) million in the same quarter last year, with an Adjusted EBITDA of $10.2 million, surpassing the $7 million outlook [1][4] - Gross Payment Volume (GPV) increased by 64% to $8.4 billion, driven by the adoption of the company's unified POS and payments solutions [10][4] Financial Performance - Total revenue reached $266.1 million, a 27% increase year-over-year, with transaction-based revenue growing by 44% to $174.1 million and subscription revenue increasing by 6% to $83.3 million [4][10] - The net loss improved to ($35.0) million, or ($0.23) per share, compared to a net loss of ($48.7) million, or ($0.32) per share in the prior year [4][48] - Adjusted Income was reported at $16.1 million, or $0.10 per share, compared to an Adjusted Loss of ($2.2) million, or ($0.01) per share in the same quarter last year [4][54] Operational Highlights - The company launched several new products, including an Omnichannel Loyalty Program and improvements in inventory management, enhancing the customer experience [6][7] - Average Revenue Per User (ARPU) grew by 31% year-over-year to approximately $502, reflecting the success of the unified POS and payments offering [7][4] - Lightspeed repurchased approximately 2.7 million shares for about $40 million during the quarter [1][4] Market Position and Strategy - Lightspeed continues to focus on expanding its software business and increasing subscription revenue growth through various initiatives [3][15] - The company anticipates total revenue growth of at least 20% for the full fiscal year, with a positive outlook for Adjusted EBITDA profitability [15][17] - Notable customer acquisitions include major brands like Google's GBike and Tommy Hilfiger, indicating strong market traction [11][4] Sustainability and Corporate Responsibility - The company published its third annual Sustainability Report, highlighting initiatives such as planting over 1.8 million trees and improving gender representation in leadership roles [12][4]

The consensus estimate for the bottom line is pegged at 6 cents per share, suggesting a more than 100% rise from the year-ago quarter's actual. The bottom line is expected to have gained from strong margins. Our proven model does not conclusively predict an earnings beat for LSPD this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. But that is not the case here. You can uncover the best stocks before they a ...

Some highlights of Lightspeed's sustainability initiatives include: Lightspeed's employee base includes 9% LGBTQ2S+, 5% persons with disabilities and 35% BIPOC representation.1 50% of Lightspeed's executive officers identify as women. Lightspeed continues to partner with GiftTrees to offer Carbon Friendly Dining, which empowers its customers' diners to offset carbon emissions associated with their meals by planting trees. Over 1.8 million trees have been planted to date. Find out more about our mission on o ...

So, this combination makes it difficult to conclusively predict that Lightspeed POS will beat the consensus EPS estimate. Does Earnings Surprise History Hold Any Clue? While calculating estimates for a company's future earnings, analysts often consider to what extent it has been able to match past consensus estimates. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number. For the last reported quarter, it was expected that Lightspeed POS would post earnings of ...

Furthermore, it would be beneficial for investors to monitor any recent shifts in analyst projections for Lightspeed Commerce Inc. These recent revisions tend to reflect the evolving nature of short-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the company's business performance and profit potential. The Technology Services industry is part of the Business Services sector. At present, this industry carries a Zacks Industry Rank of 92, placing it within the t ...