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) generates a steady flow of news as a POS and payments platform serving retail, golf, and hospitality businesses in over 100 countries. News about Lightspeed often highlights product innovation, AI capabilities, wholesale marketplace developments, financial results, and corporate milestones, giving investors and industry observers insight into how the company is evolving its omnichannel SaaS platform.
Recent announcements have focused on new offerings such as Lightspeed AI, an intelligence layer that introduces conversational assistants within Lightspeed Retail, Lightspeed Restaurant, and NuORDER to help merchants and buying teams access data-driven insights. Lightspeed has also unveiled Lightspeed Tempo, a pacing intelligence built into Lightspeed Restaurant, and a new NuORDER Marketplace experience that centralizes multi-brand wholesale shopping and ordering with POS integration.
In addition to product updates, Lightspeed news includes financial results and outlook updates, conference call announcements, and strategic leadership changes, such as the appointment of a Chief Revenue Officer and board appointments. Coverage also extends to recognition in programs like Deloitte's Technology Fast 50, as well as partnerships and wholesale initiatives through NuORDER by Lightspeed.
This news page for LSPD brings together these types of updates so readers can follow developments in Lightspeed's platform, AI initiatives, wholesale ecosystem, and financial reporting. For investors, merchants, and analysts tracking the company, it offers a central view of how Lightspeed is positioning its POS, payments, and commerce tools across retail, hospitality, and golf.
Lightspeed Commerce Inc. (NYSE: LSPD) has successfully closed its acquisition of Ecwid for approximately $163.6 million. This strategic move aims to enhance selling flexibility and omnichannel experiences for merchants by integrating Ecwid's capabilities. Lightspeed will issue 4,842,674 subordinate voting shares and an additional $12.8 million in deferred cash based on performance milestones. The acquisition supports a partnership with TikTok, allowing merchants to utilize TikTok For Business Ads Manager seamlessly, ultimately broadening their reach in social media and digital marketplaces.
Lightspeed Commerce Inc. (NYSE: LSPD) has officially changed its name from Lightspeed POS Inc., effective August 6, 2021. This name change, approved by shareholders at the August 5 meeting, reflects the company's growth beyond a point-of-sale solution, aligning with its comprehensive commerce platform vision. The company's subordinate voting shares will continue to trade under the ticker symbol LSPD on both the TSX and NYSE starting August 10, 2021. No actions are required from shareholders regarding this name change.
Lightspeed (NYSE: LSPD) has launched its integrated financial service, Lightspeed Payments, for hospitality merchants in Germany, Switzerland, France, Belgium, and the Netherlands. This expansion follows its availability in Canada and the U.S. and aims to enhance payment processing for independent businesses. As 40% of Lightspeed’s customers are outside North America, this move is significant. The company reports that 94% of U.K. small-business owners see cost benefits from integrated payments. The hospitality sector in Europe is rebounding, emphasizing the need for efficient payment solutions.
Horizon Technology Finance Corporation (NASDAQ: HRZN) reported Q2 2021 net investment income of $6.1 million ($0.31/share), down from $6.7 million ($0.40/share) year-over-year. The investment portfolio reached $404.1 million, with a net asset value of $224.3 million ($11.20/share). Horizon funded nine loans totaling $67.3 million, maintaining an annualized portfolio yield of 14.7%. The firm recorded liquidity events from five portfolio companies and announced $0.30/share in monthly distributions for October, November, and December 2021. Liquidity stood at $83.3 million as of June 30, 2021.
Horizon Technology Finance Corporation (NASDAQ: HRZN) reported a productive second quarter of 2021, with over $67 million in loans originated. The company achieved a record committed backlog of $143.5 million in debt investments. Notably, Horizon received $38 million in loan prepayments, enhancing its fee and interest income. The portfolio included significant loans to companies in technology and life sciences sectors, including $22.5 million for a commercial space station project. Overall, the company expects continued growth in the second half of 2021.
Lightspeed (NYSE: LSPD) has completed the acquisition of NuORDER for approximately $206.9 million in cash and shares. This strategic move aims to enhance Lightspeed's global distribution network, connecting over 3,000 brands with retailers, including Canada Goose and Converse. NuORDER processed over $11.5 billion in orders recently and reported revenues exceeding $20 million, growing at a rate of over 30% year-over-year. The acquisition is expected to simplify product ordering and deliver critical insights into product performance.
Ascent360 has launched an integration with Lightspeed, enhancing retailers' ability to use point-of-sale and e-commerce data. This integration allows businesses to collect and analyze customer data effectively, enabling better segmentation and personalized marketing efforts. With ready-to-send campaigns and improved reporting, retailers can optimize customer engagement and retention. The integration is available in the Lightspeed app store, offering a seamless one-click access for users. This collaboration aims to unlock customer data potential and drive significant business growth.
On June 7, 2021, Lightspeed (NYSE: LSPD) announced its plans to acquire Ecwid and NuORDER, two leaders in digital commerce, for approximately $500 million and $425 million respectively. The acquisitions aim to enhance Lightspeed's offerings, providing customers with better supply chain management and opportunities in the digital economy. Ecwid's revenue is over $20 million, growing at over 50% year-over-year, while NuORDER has facilitated over $11.5 billion in orders. The deals are expected to close by September 30, 2021, pending regulatory approvals.
On June 3, 2021, Lightspeed (NYSE: LSPD) announced the resignation of board member Manon Brouillette, effective June 11, 2021. Brouillette is stepping down to assume the role of Chief Operating Officer and Deputy CEO at Verizon Consumer Group. Lightspeed's CEO Dax Dasilva commended her contributions and expressed confidence in her future success. The company aims for a minimum of 33% female representation on its board by the August 2022 annual meeting, following Brouillette's departure. Lightspeed continues to support global merchants with its comprehensive commerce platform.
XTM, Inc. (OTCQB: XTMIF), a fintech company based in Miami and Toronto, has integrated its Today™ Mobile app with Lightspeed (TSX: LSPD), enhancing electronic wage access for employees of Lightspeed's merchants. This integration allows for seamless instant payout of employee wages and gratuities, eliminating fees and improving cash flow for businesses. CEO Marilyn Schaffer highlighted potential growth with top-tier golf courses expressing interest in the service. This collaboration aims to simplify the payroll process for businesses in the retail and hospitality sectors.