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. reports developments tied to its unified omnichannel commerce platform for retail, golf and hospitality businesses. The company provides point-of-sale, ecommerce, embedded payments, inventory, reporting, staff and supplier management, financial services and wholesale network capabilities for merchants in more than 100 countries.
Recurring Lightspeed news includes financial results and outlook updates, product releases for Lightspeed Retail and hospitality customers, AI and OCR automation, payments features, wholesale integrations such as Faire, and NuORDER by Lightspeed partnerships. Company updates also cover executive appointments and portfolio actions, including changes to non-core hospitality product lines as Lightspeed focuses on retail in North America and hospitality in Europe.
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.
Lightspeed Commerce Inc. (NYSE: LSPD) has launched Lightspeed Restaurant, a new hospitality commerce and POS platform in North America, following its successful European launch. This platform integrates features from Upserve, Gastrofix, Kounta, and iKentoo to enhance operational efficiency for restaurants. Key offerings include advanced analytics, integrated inventory management, and contactless payments aimed at addressing the evolving needs of restaurateurs in the post-pandemic landscape.
Lightspeed Commerce Inc. (NYSE: LSPD) has announced that it will report its second quarter 2022 financial results on November 4, 2021, before the market opens. A conference call and webcast will take place at 8:00 AM ET on the same day to discuss the results. The company provides a cloud-based commerce platform aimed at helping merchants enhance customer experiences and streamline operations, serving clients in over 100 countries.
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.