Lightspeed Commerce Inc Stock Price, News & Analysis

Lightspeed Commerce Inc. (NYSE: LSPD) has appointed Kady Srinivasan, a former executive from Klaviyo and Dropbox, as its new Chief Marketing Officer. Reporting to CEO JP Chauvet, Srinivasan brings over 15 years of experience in marketing and SaaS company growth. Her role will focus on enhancing brand awareness and driving strategic growth, particularly in serving complex SMBs. Srinivasan expressed excitement about joining at a time when technology is crucial for business success, aiming to position Lightspeed as a leading commerce platform globally.

Lightspeed Commerce Inc. (NYSE: LSPD) has been recognized as one of the winners in the Enterprise Fast 15 category of the 2022 Deloitte Technology Fast 50 program. This prestigious award acknowledges the fastest-growing enterprise-level technology companies in Canada based on revenue growth over the past four years. To qualify, companies must have reported a minimum revenue of $10 million in 2018 and $25 million in 2021. CEO JP Chauvet emphasized the importance of supporting small and medium-sized businesses amidst challenging economic conditions.

Lightspeed Commerce reported strong financial results for Q2 FY2022, with revenue reaching $183.7 million, a 38% year-over-year increase, or 41% growth in constant currency. Gross Payments Volume soared to $3.7 billion, up 86% year-over-year. Despite a net loss of ($79.9) million and headwinds from foreign exchange fluctuations, the company's Adjusted EBITDA loss of ($8.5) million was better than expected. Lightspeed anticipates annual revenue of $730 to $740 million, revised from a previous outlook of $740 to $760 million.

Lightspeed Commerce Inc. (NYSE: LSPD) has announced the promotion of JD St-Martin to President, expanding his role from Chief Revenue Officer to oversee the strategic direction and performance across all verticals. CEO JP Chauvet praised St-Martin's leadership and contributions to company growth. St-Martin, who joined Lightspeed in 2019, emphasized the critical role of technology for retailers facing challenges like staffing shortages and inflation. Additionally, Chief Business Officer Michael DeSimone will depart at the end of 2022.

Lightspeed Commerce Inc. (NYSE: LSPD) announced details for its Capital Markets Day on November 15, 2022, at its headquarters in Montreal. The event will include updates from the senior management team regarding products, markets, and future plans, with both in-person and virtual attendance options available. Attendees can register online, and a replay of the event will be accessible for one year on the company's website. Founded in 2005, Lightspeed supports global merchants with its comprehensive commerce platform.

Lightspeed Commerce Inc. (NYSE: LSPD, TSX: LSPD) will announce its fiscal second quarter 2023 financial results on November 3, 2022, prior to market opening. A conference call will follow at 8:00 am ET to discuss these results, accessible via registration. Lightspeed, a comprehensive commerce platform, serves clients globally, assisting in enhancing customer experiences and operational efficiency. Founded in 2005 and headquartered in Montreal, Canada, it operates across over 100 countries, catering to retail, hospitality, and golf sectors.

On October 4, 2022, Lightspeed Commerce (NYSE: LSPD) announced the appointment of Ryan Tabone as Chief Product & Technology Officer. Previously a senior executive at Google, Tabone brings vast experience in product and technology development, having contributed to the creation of several key products like Chromebook and Google Pay. CEO JP Chauvet emphasized Tabone's role in enhancing solutions that support retailers and restaurateurs. This leadership change is expected to fortify Lightspeed's position in simplifying commerce for small and medium-sized businesses globally.

Lightspeed Commerce Inc. (NYSE: LSPD) has launched Lightspeed Advanced Insights, an analytics feature for its Lightspeed Restaurant platform aimed at empowering independent restaurants. This solution provides actionable insights by analyzing transaction data, helping owners make informed decisions. Key modules include revenue-enhancing tools, guest profiling, and campaign tracking. Despite inflation pressures, restaurant menu prices have risen less than overall inflation, indicating potential margin pressures. This new feature is designed to assist restaurateurs in navigating these challenges.

Lightspeed Commerce Inc. (NYSE: LSPD) has announced its Capital Markets Day, scheduled for November 15, 2022, at its headquarters in Montreal. The event will feature updates from senior management on the company's products, markets, and future plans. Both in-person and virtual attendance will be available. The webcast of the event will be accessible for one year on the Investor Relations section of the company's website. Established in 2005, Lightspeed provides a comprehensive commerce platform for merchants worldwide.