Lightspeed Commerce Inc Stock Price, News & Analysis

Lightspeed Commerce Inc. (NYSE: LSPD) reported that U.S.-based merchants in retail and hospitality outperformed industry averages in 2021. Retail customers experienced a 35% growth in Same-Store Gross Transaction Volume (GTV), significantly higher than the industry average of 18%. Hospitality customers recorded a remarkable 52% growth, compared to 31% industry average. Key growth sectors included nightclubs (140%), fine dining (70%), and apparel (52%). The company also noted strong holiday season performance with 15% and 36% growth in retail and hospitality, respectively.

NuORDER by Lightspeed (NYSE: LSPD) has successfully enhanced Bloomingdale's buying processes through its digital platform. This collaboration has allowed Bloomingdale's to digitize key buying processes, resulting in significant efficiencies during order writing and style reviews. The innovative platform facilitated Bloomingdale's first fully digital buy for its new store concept, Bloomie's, which features a curated mix of luxury and emerging brands. Lightspeed continues to demonstrate its commitment to transforming retail with technology, improving product setup and order processes for its partners.

Lightspeed Commerce Inc. (NYSE: LSPD, TSX: LSPD) is enhancing the retail ecosystem by connecting brands, stores, and consumers through its NuORDER platform. Key partnerships with brands like Coach and rag & bone aim to address supply chain challenges. The platform simplifies ordering processes, allowing retailers to make data-driven decisions and reducing inefficiencies in the supply chain. This initiative democratizes technology access for businesses, benefiting both large and small merchants and ultimately improving customer experiences.

Lightspeed (NYSE: LSPD) announced strong retailer enrollment for its enhanced NuORDER by Lightspeed platform, designed for the Grassroots Outdoor Alliance. Following its introduction at the Grassroots Connect buying show, the platform received positive feedback, helping retailers streamline their order processes, identify product gaps, and manage cash flow. The integration allows retailers to easily compare brands and upload orders via Excel, enhancing efficiency. Grassroots retailers can now access collections from 42 brands, confirming NuORDER as their endorsed buying platform.

The Bay is partnering with NuORDER by Lightspeed (NYSE: LSPD, TSX: LSPD) to enhance its digital transformation ahead of the pre-fall footwear market. This collaboration enables real-time connections between buyers and suppliers, streamlining the buying and merchandising processes. NuORDER's intuitive platform allows for data-driven decisions, faster order delivery, and optimized product assortments tailored to local markets. The partnership aims to improve customer experience through curated trends and efficient operations, aligning with The Bay's commitment to quality and customer-centric strategies.

Lightspeed Commerce reported significant growth in its second quarter ending September 30, 2021, with total revenue soaring 193% year-over-year to $133.2 million. The company also saw a remarkable 123% increase in Gross Transaction Value (GTV), reaching $18.8 billion. Subscription and transaction-based revenue rose by 58% organically, totaling $124.4 million. Despite these gains, Lightspeed faced a net loss of $59.1 million compared to $19.5 million the previous year. The company holds $1.2 billion in cash and continues to enhance its platform with strategic acquisitions like Ecwid.

Lightspeed Commerce expands its Payments service to include Australia and U.S. merchants, following its acquisition of Vend. This launch significantly increases the reach of Lightspeed Payments, now available to retail customers in several countries, enhancing their operational capabilities. The platform aims to streamline payment processing and integrate various sales channels, providing merchants with essential analytics and resources for transactions. With this development, Lightspeed enhances its competitive position in the global financial services market.

Lightspeed (NYSE: LSPD) has launched a new flagship eCommerce product leveraging its acquisition of Ecwid, aiming to enhance omnichannel solutions for retailers. This integration provides robust tools enabling merchants to manage in-store and online operations seamlessly. Key features include easy setup, social media sales, and improved inventory management, allowing businesses to adapt to changing consumer behaviors. Lightspeed eCommerce is available to all retail merchants globally, including those from recent acquisitions like ShopKeep and Vend.

Lightspeed Commerce Inc. (NYSE: LSPD) has expanded its Lightspeed Capital program to include eligible U.S. customers, increasing the access to capital for its merchant base by approximately 40%. This initiative aims to simplify financial solutions for independent businesses facing capital acquisition challenges. The service provides cash access often by the next business day without negatively impacting credit scores. Lightspeed intends to further enhance its offerings in retail and hospitality sectors across APAC by year's end.