9/24/2023 0 Comments Lightspeed hq revenue![]() The company said that this has helped boost its fortunes during the pandemic. These acquisitions have given Lightspeed footprints in markets around the world, including other European markets as well as Australia. It marked the fourth Lightspeed acquisition since going public in March, 2019. In January, Lightspeed said it would buy German point-of-sale company Gastrofix GmbH for more than $100-million in cash and stock, with some of that value tied to hitting performance targets. Though it did not announce any significant acquisitions in the quarter, Lightspeed has boosted its growth in recent years by buying up competitors and similar businesses around the world. “While growth may re-accelerate in the future, we are maintaining our neutral stance on the stock, as valuation appears high relative to growth deceleration,” he wrote in a research note. However, he held a conservative outlook on the stock because of the lack of visibility over future customer turnover. Member Sign In Lightspeed POS (LSPD) Fundamental Charts About Revenue (Quarterly YoY Growth) LSPD 17.54 -0.12(-0.68) Zacks News for LSPD Strength Seen in. Royal Bank of Canada Capital Markets analyst Paul Treiber said Lightspeed’s results showed that its customer base was resilient. ![]() This was boosted, he added, by the fact that the company said e-commerce transactions nearly doubled year over year. The growth of that transaction volume significantly decelerated from the prior quarter, however in the quarter that ended in March, its year-over-year transaction-volume growth was 70 per cent.ĭespite this deceleration, Bank of Montreal analyst Thanos Moschopoulos said Thursday morning that the transaction volume growth was a sign that Lightspeed was weathering the pandemic with “significantly more resilience” than he had expected. Transaction volumes collapsed in April – among its restaurant clients, the amount of payments Lightspeed processed fell by more than 80 per cent – but grew through May and June, the company said. The total volume of transactions processed by Lightspeed’s software grew 17 per cent, year over year, to more than US$5.4-billion. ![]() Lightspeed’s share price on the Toronto Stock Exchange was volatile when markets opened Thursday. Though a higher-than-usual number of customers left Lightspeed during the quarter, the company said this was offset by the pace of new-customer growth. In the quarter ended June 30, the total customer locations it served grew to 77,000, up 34 per cent from a year earlier and 2 per cent from the end of April at the height of the pandemic’s uncertainty.
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