Welcome to our dedicated page for Lightspeed Commerce news (Ticker: LSPD), a resource for investors and traders seeking the latest updates and insights on Lightspeed Commerce stock.
Lightspeed Commerce Inc. (NYSE: LSPD, TSX: LSPD) is a leading provider of an omni-channel commerce-enabling SaaS platform that helps businesses streamline operations and enhance customer experiences. Founded in 2005 in Montréal, Canada, the company has grown its presence globally, with offices in key cities such as New York, London, Amsterdam, and Sydney. Lightspeed's platform offers solutions for retail, hospitality, and golf businesses, integrating point-of-sale (POS) systems, inventory management, customer relationship management (CRM), and advanced analytics.
Lightspeed's software is designed to unify the management of online and physical store operations, making it easier for businesses to manage inventory, sales, and customer interactions across multiple channels. The company's flagship products, Lightspeed Retail and Lightspeed Restaurant, are tailored to the needs of complex, multi-location businesses. These products are trusted by some of the world's leading brands in retail and hospitality, including Fairmont Hotels, Taverne Atlantic, and the Daniel Boulud Group.
Recent achievements include the successful integration of its POS and payments solutions, which has driven significant growth in transaction-based revenues. The company reported a 27% year-over-year increase in total revenue for the third quarter of fiscal 2024, along with its second consecutive quarter of positive Adjusted EBITDA. Lightspeed's financial health is bolstered by its disciplined cost management and strategic growth initiatives.
Moreover, Lightspeed has made strides in expanding its product offerings. For instance, the launch of Lightspeed Restaurant in Quebec aims to support local restaurateurs with smart, intuitive solutions. Additionally, Lightspeed's strategic partnerships, such as with the Myrtle Beach Area Golf Course Owners Association and Uber, further enhance its product ecosystem and customer reach.
In terms of financial outlook, Lightspeed expects to exceed $1 billion in revenue by fiscal 2025, driven by subscription revenue growth and an increasing customer base. The company is also focused on maintaining sustainable profitability, with ongoing investments in product innovation and strategic acquisitions.
Lightspeed continues to be a pivotal player in the commerce technology space, helping businesses around the world to innovate, scale, and thrive.
Lightspeed Commerce (NYSE: LSPD) has announced significant product innovations across retail and hospitality sectors in Q3. The company introduced several key features including an expanded Scanner app with selling capabilities, a Kitchen Display System for restaurants, and enhanced promotional tools for retailers and wholesalers.
In retail, notable developments include growing their Supplier Network to over 1 million products, improved workforce management through Homebase integration, and enhanced inventory control via Cin7 Core collaboration. For hospitality, Lightspeed launched multi-location reporting tools, Instant Payouts for faster fund access, and mobile analytics through Lightspeed Pulse.
The company also strengthened its golf operations with new scheduling tools and extended its partnership with Landscapes Golf Management across 60+ properties. These innovations aim to streamline operations, enhance customer experiences, and help businesses scale efficiently across retail, hospitality, and golf sectors.
Lightspeed Commerce (NYSE: LSPD) has released new research showing significant shifts in golf participation among younger generations. The survey of over 700 American and Canadian golfers reveals that Gen Z and Millennials are approaching golf differently than previous generations, focusing on self-care and solo play.
Key findings include: 51% of Gen Z golfers prioritize mental health and self-care as their primary motivation to play; 76% of Gen Z and 84% of Millennial players show interest in solo rounds; and 68% of Gen Z and 62% of Millennials regularly visit golf entertainment venues. The research highlights how younger players are transforming traditional golf culture through technology-driven experiences and a focus on personal well-being.
Lightspeed Commerce (NYSE: LSPD) has launched a new mobile selling application called Selling on Lightspeed Scanner for iPhone, designed to transform retail experiences by eliminating long lines and enabling sales associates to complete purchases directly with customers. According to Lightspeed's State of Retail 2024 Report, 39% of shoppers would spend more for great customer service, while 42% are open to VIP experiences like skipping lines.
The new feature allows retailers to implement queue busting, maximize associate impact, and sell seamlessly across various environments. The application integrates with Tap to Pay functionality, providing flexibility without additional hardware costs. This launch is part of Lightspeed's broader initiative to innovate retail operations, following recent implementations like Retail Insights, improved inventory management, and enhanced Homebase integration for employee management.
Lightspeed Commerce Inc. (NYSE: LSPD) (TSX: LSPD) has announced it will report its third quarter 2025 financial results before the market opens on Thursday, February 6, 2025. The company, which provides a unified POS and payments platform for entrepreneurs, will host a conference call and webcast to discuss the results at 8:00 am ET on the same day.
The earnings call will be accessible via telephone registration and webcast through the company's investor relations website. A replay of the call will be available until February 13, 2025, through both US/Canada toll-free and international numbers.
Mandatory has partnered with NuORDER by Lightspeed to launch a digital trade show running alongside its physical event in Copenhagen (January 28-30, 2025). This initiative aims to overcome geographical limitations and adapt to post-pandemic retail changes where buyers are traveling less. The digital platform will enable brands to preview collections and connect with international buyers who cannot attend in-person.
The partnership leverages NuORDER's technology to facilitate year-round ordering capabilities and global brand-buyer connections. Major buyers including Rinascente Peek and Cloppenburg, Illum, Highsnobiety and Slam Jam from the NuORDER network will attend the physical show, demonstrating the initiative's potential to expand global business relationships.
Lightspeed Commerce announced an enhanced integration with Homebase, introducing new features for improved workforce management. The integration includes an embedded time clock in Lightspeed Retail, enabling streamlined employee tracking and management. Key features comprise an all-in-one team management platform, real-time sales-to-labor reporting, seamless payroll integration for U.S. merchants, and mobile-first design.
The collaboration offers preferred pricing for Lightspeed Retail merchants, providing access to Homebase's complete feature suite at discounted rates. The integration aims to help merchants optimize workflows, control costs, and simplify business operations through consolidated scheduling, time tracking, payroll, and team communication functionalities.
Lightspeed Commerce has announced a strategic reorganization affecting approximately 200 employees as part of its focused profitable growth strategy. The savings from this restructuring will be redeployed across other areas of the business, with most restructuring charges expected in Q3 fiscal 2025. The company is prioritizing areas with strongest product-market fit, particularly in North American retail and EMEA hospitality. Lightspeed reaffirms its previously announced revenue and Adjusted EBITDA outlook from November 7th, 2024. The company continues its ongoing strategic alternatives review, which remains unaffected by this reorganization.
Lightspeed Commerce (NYSE: LSPD) (TSX: LSPD) has announced its participation in the upcoming Redburn Atlantic 2024 CEO Conference. Founder and CEO Dax Dasilva will speak at the virtual event on Wednesday, December 4, 2024, at 9:00 am ET. The presentation will be accessible via webcast on Lightspeed's investor relations website and will remain available on-demand for 90 days following the event.
Lightspeed Commerce (NYSE: LSPD) has launched its next-generation Kitchen Display System (KDS), designed to improve restaurant operations and efficiency. The system addresses key challenges identified in a survey of 400 restaurant workers, including 62% reporting frequent miscommunication between front and back-of-house teams, and 56% citing last-minute modifications as primary workflow disruptions. The KDS provides real-time updates, customizable workflows, and advanced coursing functionality to help restaurants manage orders efficiently, reduce waste, and improve communication. The system is now available to Lightspeed Restaurant merchants across North America, Europe, and beyond.
Lightspeed announces its Q2 2025 financial results, reporting a total revenue of $277.2 million, which is a 20% year-over-year increase and exceeds their outlook. The company also reports a net loss of ($29.7) million, an improvement from the previous year's loss of ($42.5) million. Adjusted EBITDA stands at $14.0 million, surpassing their outlook of $12 million. Monthly ARPU grew by 24% year-over-year to approximately $527. Gross profit increased by 19% year-over-year to $114.3 million. Lightspeed has raised its Fiscal 2025 Adjusted EBITDA outlook to a minimum of $50 million from $45 million. The company highlights its strong competitive position in North American retail and European hospitality markets. The CFO emphasizes the company's focus on expanding payments adoption and controlling costs, contributing to record Adjusted EBITDA and positive Adjusted Free Cash Flow. As of September 30, 2024, Lightspeed holds $659 million in cash and cash equivalents.
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