Lightspeed Commerce Inc Stock Price, News & Analysis

Lightspeed Commerce Inc. (NYSE: LSPD) has appointed Crystal Caligiuri as the new Executive Vice President of Customers. This strategic move aims to enhance customer onboarding and engagement, contributing to positive experiences for its growing customer base. In 2021, Lightspeed's U.S. retailers grew nearly twice the industry average, while hospitality merchants outperformed peers by over 52%. Caligiuri brings over 20 years of experience from her previous role as Chief Customer Officer at ShopKeep, enhancing Lightspeed's commitment to exceptional customer service.

Lightspeed Commerce Inc. (NYSE: LSPD) announced a significant integration with TikTok for its eCommerce merchants using Ecwid. This new feature allows businesses to sell directly to customers via TikTok, enhancing social commerce capabilities. The integration comes after an initial advertising management rollout on TikTok, and it aims to capitalize on TikTok's influence, with 49% of users reportedly purchasing products they see on the platform. The feature will be available to selected Ecwid by Lightspeed customers in the U.S. and the UK.

Lightspeed Commerce reports a 165% YoY revenue growth in Q3, reaching $152.7M. Transaction-based revenue increased by 249% to $75.8M, while subscription revenue rose 123% to $68.6M. Despite these gains, the company posted a net loss of ($65.5M), worsening from ($42.7M) YoY. The quarter also saw customer locations increase by 174% to ~315,000. Looking ahead, Lightspeed expects FY2022 revenue guidance of $540-$544M, up from $520-$535M.

Lightspeed Commerce Inc. (TSX: LSPD, NYSE: LSPD) has appointed JP Chauvet as Chief Executive Officer, effective immediately, as part of its succession planning. Dax Dasilva, the founder and outgoing CEO, will transition to the role of Executive Chair. Chauvet, who joined Lightspeed in 2012 and has held various leadership roles, aims to accelerate the company’s growth and innovation in the digital commerce space. The announcement coincides with the upcoming report of third-quarter fiscal 2022 results, scheduled for February 3, 2022, highlighting Lightspeed's commitment to enhancing customer experiences.

Lightspeed Commerce Inc. (NYSE: LSPD) has announced a reschedule of its third quarter 2022 financial results to be released after market close on February 2, 2022. A conference call to discuss these results is set for February 3, 2022, at 8:00 am ET. The call will be accessible via registration on their designated portal. As a dual-listed company, Lightspeed provides a comprehensive commerce platform, aiding merchants in enhancing customer experiences worldwide.

Lightspeed Commerce Inc. (NYSE: LSPD) has announced the expansion of its Lightspeed Restaurant platform in the U.S., including advanced features such as order throttling and integrated payments for Canadian customers. This follows a successful North American launch and highlights U.S.-based customers achieving a 52% year-over-year increase in Same-Store GTV, outpacing the industry average of 31%. The platform allows restaurants to streamline operations across various services, meeting increased demand for technology amidst industry labor shortages.

Lightspeed Commerce Inc. (NYSE: LSPD) has announced the expansion of Lightspeed Restaurant, a unified hospitality commerce platform, into new U.S. markets. This expansion follows a successful launch in North America, with U.S.-based hospitality customers' Same-Store GTV increasing by 52% year-over-year, significantly outperforming the industry average of 31%. The updated platform offers features like order throttling, integrated payments, and robust analytics, designed to streamline operations for restaurants amid labor challenges. Lightspeed aims to enhance customer experiences while leveraging technology to meet evolving market demands.

On January 25, 2022, Lightspeed Commerce Inc (NYSE: LSPD) announced the appointment of Nathalie Gaveau and Dale Murray to its board of directors. Gaveau, co-founder of PriceMinister, brings extensive European market experience, while Murray offers significant expertise in technology and finance. These appointments enhance diversity, raising the percentage of female members to 44%, exceeding the S&P 500 benchmark. Lightspeed aims to leverage these leaders' insights to strengthen its global strategy and service innovations for local businesses competing in the global economy.

Lightspeed (NYSE: LSPD) has partnered with Intermix to enhance its e-commerce and in-store experiences through the NuORDER platform. This collaboration aims to streamline product assortments and expedite online setup, ultimately driving digital transformation across Intermix's 31 boutiques. The partnership will enable data-driven decision-making, promoting hyper-localized offerings tailored to customer preferences. A full launch is slated for the Cruise 23 buying season, emphasizing the commitment of both companies to deliver a personalized shopping experience.