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. (LSPD) provides cloud-based commerce solutions empowering retailers, restaurants, and golf businesses worldwide. This page serves as the definitive source for verified corporate news and financial updates directly from the company.
Access real-time announcements including earnings reports, product innovations, and strategic partnerships. Investors and merchants alike benefit from tracking developments in Lightspeed's integrated POS systems, payment processing enhancements, and inventory management tools.
Our curated collection ensures you never miss critical updates about LSPD's SaaS platform evolution. Bookmark this page for immediate access to official press releases and operational milestones that shape the omnichannel commerce landscape.
Lightspeed Commerce, dual-listed on the NYSE and TSX as LSPD, will report its fourth quarter and full year 2023 financial results before market opening on May 18, 2023. A conference call and webcast will follow at 8:00 am ET to discuss the results. Investors can register for the call in advance. The company’s platform is designed to empower merchants globally, supporting a range of services including online and in-store operations, global payments, and supplier connections. Established in 2005 in Montréal, Canada, Lightspeed serves businesses across 100 countries. For more information, visit their website.
Lightspeed Commerce Inc. (NYSE: LSPD) announced the impending departure of Chief Operating Officer Brandon Nussey, effective May 2023. Nussey will remain during this transition period to ensure a smooth handover of responsibilities among other executives. Company CEO JP Chauvet praised Nussey for his leadership and contributions, including his role in the company's IPOs and global financial services expansion.
Founded in 2005 and headquartered in Montréal, Lightspeed offers a cloud commerce platform that supports various businesses. The company serves over 100 countries, helping merchants innovate and enhance customer experiences.
Stayntouch has expanded its partnership with Lightspeed by integrating its cloud hotel management solutions with Lightspeed Restaurant, enhancing restaurant operations for hotels. This integration allows Stayntouch PMS users to manage multiple restaurant locations seamlessly with mobile flexibility. Key benefits include centralized sales data, streamlined operations, easy multi-property management, and a personalized dining experience for guests. The integration aims to simplify hotel operations and improve guest experiences through features like contactless payments and customizable menus. This strategic move aligns with Stayntouch's goal to leverage technology for better hospitality management.
Lightspeed Commerce reported a 24% YoY revenue growth to $188.7 million, achieving the high end of its previously established outlook. The Gross Payments Volume increased by 75% YoY to $3.9 billion, with customer locations processing over $500,000 annually growing 15% YoY. Despite an Adjusted EBITDA loss of ($5.4 million), the loss was significantly better than projected. Lightspeed aims for Adjusted EBITDA break-even or better in fiscal 2024. The company maintains a strong cash position with $838.1 million available as of December 31, 2022.
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