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 (NYSE: LSPD) announced its integration with Google tools to enhance local retail shopping. This partnership allows independent businesses to manage Google Local Inventory Ads, Smart Shopping Campaigns, and Google My Business through the Lightspeed platform at no extra cost. This comes amidst a significant year-over-year growth in local shopping interest, with searches for 'local businesses' increasing by over 80%. The integration aims to simplify operations for small and medium-sized businesses, facilitating a seamless online-to-offline shopping experience.
Lightspeed (NYSE: LSPD) announced a partnership with the U.S. Small Business Administration to assist independent restaurants in accessing the $28.6 billion Restaurant Revitalization Fund. This initiative aims to expedite grant applications for hospitality merchants affected by the pandemic. The SBA will prioritize funds for minority-owned businesses until May 25, with potential awards ranging from $1,000 to $5 million per location. Lightspeed's technology enhances the application process for its customers, facilitating online and contactless solutions in the evolving hospitality landscape.
Lightspeed POS Inc. (NYSE: LSPD) will report its fourth quarter and full year 2021 financial results before the market opens on May 20, 2021. Investors can join a conference call at 8:00 am ET on the same day to discuss the results. Lightspeed provides cloud-based commerce platforms for SMBs worldwide, enhancing efficiency and digital transformation in retail and hospitality sectors. The conference call can be accessed via registration, and a replay will be available following the event.
Lightspeed (NYSE: LSPD) has launched Lightspeed Payments for hospitality merchants in the United Kingdom and Europe. This initiative aims to simplify payment processes as 94% of UK SMBs seek integrated payments to enhance operations. The offering includes mobile and contactless payments, crucial for businesses adapting post-pandemic. A study revealed that 94% of respondents believe integrated POS payments save money, while a significant portion requests support for preventing fraud. With a history of success in North America, Lightspeed aims to empower global customers with secure, efficient transaction capabilities.
Lightspeed POS Inc. (NYSE: LSPD) has announced the acquisition of Vend, a cloud-based retail management software company, valued at approximately $350 million. This acquisition will expand Lightspeed's customer base by over 20,000 locations globally, particularly enhancing its presence in the Asia-Pacific market. Vend generated $34 million in revenue and over $7 billion in Gross Transaction Volume in the last year. The acquisition is expected to close by the end of April, pending regulatory approvals.
On March 11, 2021, Lightspeed POS announced its decision to acquire Vend, a cloud-based retail management software company, for approximately $350 million. This strategic acquisition aims to enhance Lightspeed's customer base by over 20,000 locations globally, significantly strengthening its position in the Asia-Pacific region. With Vend's estimated revenue of $34 million and Gross Transaction Volume of $7 billion for the year ending December 31, 2020, the integration is expected to bolster Lightspeed's innovative commerce solutions for small and medium-sized businesses.
On February 8, 2021, Lightspeed POS Inc. (NYSE: LSPD) announced a marketed public offering of 7,000,000 subordinate voting shares in the U.S. and Canada. This offering will be led by Morgan Stanley, Barclays, and BMO Capital Markets, with an additional option for underwriters to purchase up to 1,050,000 shares. The net proceeds are intended to strengthen the company's financials and support growth strategies, subject to customary regulatory approvals. Lightspeed will not receive proceeds from sales by selling shareholders.
Lightspeed POS reported a 79% year-over-year revenue increase to $57.6M for Q3, surpassing guidance of $44-$47M. Recurring software and payments revenue also rose to $52.5M, an 85% increase. Customer locations reached nearly 115,000 globally, with Gross Transaction Value (GTV) up 48% year-over-year to $9.1B. However, the company faced a net loss of $42.7M, an increase from $15.8M the previous year. Despite strong growth metrics, the outlook remains cautious due to potential pandemic-related challenges, predicting Q4 revenues between $68-$70M.
Lightspeed POS Inc. (NYSE: LSPD) will release its third quarter 2021 financial results on February 4, 2021, before market opening. A conference call is scheduled for 8:00 AM ET on the same day to discuss these results. Lightspeed offers cloud-based omnichannel commerce platforms, serving businesses in over 100 countries, primarily in retail, hospitality, and golf sectors. This announcement emphasizes the company's ongoing commitment to transparency and investor engagement as it continues to support small and medium-sized enterprises.
Lightspeed (NYSE: LSPD) has launched the Lightspeed Supplier Network, enhancing supply chain management for small and medium-sized businesses (SMBs) in North America. This fully integrated stock ordering solution offers automated supplier catalog updates, order management, and shipping handling within Lightspeed's cloud platform. By democratizing access to inventory visibility, the network empowers SMBs to adopt a demand-focused model and compete with larger chains. The initiative is critical as the COVID-19 pandemic strains supply chains in 2021.