Lightspeed Commerce Announces Cost Reductions, Share Repurchase Program, and Reaffirms Focus on Profitable Growth [Yahoo! Finance]
Lightspeed Commerce Inc. Subordinate Voting Shares (LSPD)
Company Research
Source: Yahoo! Finance
Lightspeed's board authorized a share repurchase program for up to 10% of its public float - the maximum allowed per year - representing approximately U.S. $140 million Lightspeed reaffirms its outlook for fiscal 2024 revenue and Adjusted EBITDA MONTREAL April 3, 2024 /CNW/ - Lightspeed Commerce Inc. (NYSE: LPSD) (TSX: LSPD) the unified POS and payments platform for ambitious entrepreneurs who wish to provide the best omnichannel customer experiences, today announced a reorganization and cost reduction initiatives to facilitate the next phase of its profitable growth strategy. These initiatives are designed to improve the Company's financial performance while also allowing for greater investment in key product development and customer experiences. The reorganization impacts approximately 280 roles representing about 10% of Lightspeed's headcount-related operating expenditures. In addition, the Company has undertaken several other cost reduction initiatives in facilities and ope
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News
- Generative AI is taking over customer service — and it's working [Financial Post (Toronto, Ontario, Canada)]Financial Post
- Bull of the Day: Lightspeed POS (LSPD) [Yahoo! Finance]Yahoo! Finance
- 3 No-Brainer Stocks to Buy Before a Bull Run [Yahoo! Finance Canada]Yahoo! Finance Canada
- Lightspeed Commerce Highlights Latest Product Launches Designed to Help Businesses Scale Faster and Smarter [Yahoo! Finance]Yahoo! Finance
- Lightspeed Commerce Highlights Latest Product Launches Designed to Help Businesses Scale Faster and SmarterPR Newswire
LSPD
Sec Filings
- 4/11/24 - Form 6-K
- 4/3/24 - Form 6-K
- 3/11/24 - Form 144
- LSPD's page on the SEC website