Lightspeed Commerce Inc Stock Price, News & Analysis

Lightspeed Commerce (NYSE: LSPD) (TSX: LSPD) has announced its participation in the upcoming Redburn Atlantic 2024 CEO Conference. Founder and CEO Dax Dasilva will speak at the virtual event on Wednesday, December 4, 2024, at 9:00 am ET. The presentation will be accessible via webcast on Lightspeed's investor relations website and will remain available on-demand for 90 days following the event.

Lightspeed Commerce (NYSE: LSPD) has launched its next-generation Kitchen Display System (KDS), designed to improve restaurant operations and efficiency. The system addresses key challenges identified in a survey of 400 restaurant workers, including 62% reporting frequent miscommunication between front and back-of-house teams, and 56% citing last-minute modifications as primary workflow disruptions. The KDS provides real-time updates, customizable workflows, and advanced coursing functionality to help restaurants manage orders efficiently, reduce waste, and improve communication. The system is now available to Lightspeed Restaurant merchants across North America, Europe, and beyond.

Lightspeed announces its Q2 2025 financial results, reporting a total revenue of $277.2 million, which is a 20% year-over-year increase and exceeds their outlook. The company also reports a net loss of ($29.7) million, an improvement from the previous year's loss of ($42.5) million. Adjusted EBITDA stands at $14.0 million, surpassing their outlook of $12 million. Monthly ARPU grew by 24% year-over-year to approximately $527. Gross profit increased by 19% year-over-year to $114.3 million. Lightspeed has raised its Fiscal 2025 Adjusted EBITDA outlook to a minimum of $50 million from $45 million. The company highlights its strong competitive position in North American retail and European hospitality markets. The CFO emphasizes the company's focus on expanding payments adoption and controlling costs, contributing to record Adjusted EBITDA and positive Adjusted Free Cash Flow. As of September 30, 2024, Lightspeed holds $659 million in cash and cash equivalents.

Lightspeed Commerce (NYSE: LSPD) has been ranked fifth in Deloitte's 2024 Technology Fast 50™ program's Enterprise-Industry Leaders category, achieving a remarkable 502% growth over the past four years. The recognition is given to companies that recorded minimum revenues of $10 million in 2020 and $50 million in 2023. Founded in Montreal in 2005, Lightspeed provides cloud-based commerce solutions for retail, hospitality, and golf businesses across 100+ countries, unifying online and physical operations, multichannel sales, and global payments.

DreamHost, a web hosting and Managed WordPress services provider, has partnered with Ecwid by Lightspeed to offer e-commerce solutions to its customers. The partnership provides DreamHost users with access to Ecwid's freemium and premium service tiers, featuring seamless WordPress integration and transparent pricing. Key features include rapid store launch capabilities, multi-channel sales integration, enhanced productivity tools, and built-in real-time reporting with 15+ actionable insights. The platform offers both free and premium tiers, with advanced features available through paid upgrades.

Lightspeed Commerce Inc. (NYSE: LSPD) (TSX: LSPD) has unveiled key product innovations for Q2, focusing on enhancing business effectiveness and operational efficiency for merchants in retail and hospitality. The updates include:

Retail: Retail Insights for better inventory management, Offline Mode for uninterrupted sales, Multi-Location Ordering for stock distribution, and Instant Payouts extended to UK merchants.

Hospitality: AI-driven Benchmarks & Trends, improved Sales Summary visualization, Happy Hour pricing on Order Anywhere, bulk menu management actions, and partial refunds from POS.

eCommerce: Custom sections for Instant Site, allowing merchants and developers to create unique online experiences.

These innovations aim to streamline business management, predict sales opportunities, and provide industry benchmarks for Lightspeed's global customer base.

Lightspeed Commerce Inc. (NYSE: LSPD) (TSX: LSPD) has announced its upcoming fiscal second quarter 2025 financial results conference call. The company, which provides a unified POS and payments platform for entrepreneurs, will report its results before the market opens on Thursday, November 7, 2024. Management will host a conference call and webcast to discuss the financial results at 8:00 am ET on the same day.

Interested parties can register for the call in advance through a provided link. A replay of the call will be available until November 14, 2024. Additionally, a webcast of the conference call can be accessed through the company's investor relations website.

Lightspeed Commerce Inc. (NYSE: LSPD) (TSX: LSPD) has expanded its partnership with 7shifts to address labor management and operational challenges in the North American restaurant industry. The enhanced integration allows Lightspeed Restaurant users to import sales, labor, and employee data directly into 7shifts, improving forecasting capabilities and automating employee data syncing.

The partnership now offers payroll features for U.S. customers, including Payroll Administration, Tip Integration, and Benefit Management. This expansion aims to streamline operations, reduce manual tasks, and save time for restaurant owners. According to Lightspeed's 2024 State of Hospitality Report, 62% of restaurateurs seek to improve labor management, while 74% look for technology to streamline operations.

The collaboration between Lightspeed and 7shifts provides a comprehensive solution for restaurant management, reflecting Lightspeed's commitment to enhancing efficiency in the hospitality industry.

NuORDER by Lightspeed, a leading B2B commerce platform, has appointed Chris Akrimi as Head of Revenue for Lightspeed B2B / NuORDER. Akrimi brings over two decades of experience in retail tech and a vision for its future. Michael Ganci, SVP of B2B Go-to-Market, highlighted Akrimi's proven track record with prestigious tech companies, global brands, and luxury retail powerhouses.

Akrimi's most recent role was CEO at The Layer, an AI-driven commerce data company. He has also held executive positions at Joor, Ralph Lauren, Eastpak, and Scotch & Soda. Throughout his career, Akrimi has worked with global companies like LVMH, Hermes, Richemont, Capri, VF Corp, Chanel, Kering, and Itochu. He expressed excitement about joining Lightspeed and contributing to shaping the future of commerce in a rapidly evolving digital era.