After rocky period, Montreal’s Lightspeed says payment-processing growth could push eventual profit [Toronto Globe and Mail (Ontario, Canada)]
Lightspeed Commerce Inc. Subordinate Voting Shares (LSPD)
Company Research
Source: Toronto Globe and Mail
Lightspeed Commerce Inc. LSPD-T said its loss more than doubled in the latest quarter after a rocky eight months, but said it believes it’s on a path to eventual profitability amid growth in its payment-processing services. The point-of-sale, payments and e-commerce company is used by 163,000 restaurants, retailers and hospitality providers. Its revenue grew 78 per cent to US$146.6-million in the quarter that ended in March, from US$82.4-million a year earlier, beating analysts’ consensus forecast of US$141-million. The boost was largely driven by an increased volume of payments that Lightspeed processed as it brought on new merchants and watched the world’s retailers re-open. The average monthly revenue it receives per retailer also grew by 35 per cent, to US$270 from US$200. But the Montreal-based software business’s loss widened to US$114.5-million in the quarter, or 77 U.S. cents per share, from US$42-million or 34 U.S. cents per share last year. But Lightspeed forecast a brighter
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- Lightspeed CEO Dasilva Says Company Is 'Open' to Going Private [Financial Post (Toronto, Ontario, Canada)]Financial Post
- Elevating the Culinary Scene: Introducing the Next Evolution of Lightspeed Restaurant in Quebec [Financial Post (Toronto, Ontario, Canada)]Financial Post
- Elevating the Culinary Scene: Introducing the Next Evolution of Lightspeed Restaurant in Quebec [Yahoo! Finance]Yahoo! Finance
LSPD
Sec Filings
- 3/11/24 - Form 144
- 3/11/24 - Form SC
- 2/26/24 - Form 6-K
- LSPD's page on the SEC website