Lightspeed Commerce Inc

TSX:LSPDCanadaView on NYSE

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• DJ Lightspeed Commerce Cost-Savings to Help Land in Profitable-Growth Territory -- Market Talk, from 4 hours ago by Dow Jones

  4 hours ago by Dow Jones
  Companies Mentioned: LSPD
  
  1536 ET - Lightspeed Commerce CEO Dax Dasilva thinks that striking a balance between profitability and growth will be important for investors. At a time when ecommerce companies are being scrutinized for their ability to deliver profitable growth, Lightspeed investors are putting similar kinds of pressures and expectations on Lightspeed. In a call with the WSJ, the executive said that "we'll always be a high growth company, but we may have to trade off some of that growth for profitability." Pushing software revenue higher is an important part of its growth prospects. "I want to hit that 10% to 15% of software growth. I think that's the last piece the market wants to see before deciding that Lightspeed is gaining share," Dasilva said. (adriano.marchese@wsj.com)
  

• DJ Lightspeed Commerce's CEO Wants to Fund Growth With Cost-Savings -- Market Talk, from 4 hours ago by Dow Jones

  4 hours ago by Dow Jones
  Companies Mentioned: LSPD
  
  1528 ET - Lightspeed Commerce CEO Dax Dasilva is eyeing more cost-savings initiatives to back his guidance. The company wants to reach $1 billion in revenue and a minimum of $40 million in adjusted Ebitda. The growth plans include hiring over 100 sales people, which he intends to fund through cost-savings measures. As part of these cost-saving moves, the company has already fired 280 people and put in place some optimizations, which Dasilva called "low hanging fruit." Now he's eyeing optimizing recent acquisitions and reducing office footprint to fund his sales staff because "I'm not blowing a hole in the Ebitda to get there." (adriano.marchese@wsj.com)
  

• National Bank Raises Lightspeed Target to US$16, Maintains Sector Perform, from 4 hours ago by MT Newswires

  4 hours ago by MT Newswires
  Companies Mentioned: LSPD
  02:49 PM EDT, 05/16/2024 (MT Newswires) -- Lightspeed Commerce reported solid in-line results relative to National and consensus expectations; and in-line with previous guidance. Transaction-based revenue was up 40%. Looking ahead, management is gu...

• DJ Lightspeed Commerce Expects Benefits Of Recent Restructuring in FY25 -- Market Talk, from 8 hours ago by Dow Jones

  8 hours ago by Dow Jones
  Companies Mentioned: LSPD
  
  1044 ET - Lightspeed Commerce expects to see the benefits of its restructuring and layoffs this year, but CFO Asha Bakshani says there is still more to be done beyond headcount changes. In an earnings call, the executive says that the restructuring, where the company reduced about 10% of its headcount-related operating expenditures, is virtually complete, and is expected to yield benefits throughout fiscal 2025. She noted that their attention is now focused "outside of headcount" and "we're looking at our IT licenses, and continue to find cost synergies and expect that we will continue to do so as we move forward quarter by quarter." (adriano.marchese@wsj.com)
  

• Update: Lightspeed Commerce Shares Rise After Q4 Earnings, Revenue Rise; Offers Revenue Outlook for Q1 2025, from 9 hours ago by MT Newswires

  9 hours ago by MT Newswires
  Companies Mentioned: LSPD
  10:31 AM EDT, 05/16/2024 (MT Newswires) -- (Updates with stock movement in the headline and first paragraph and CEO appointment in the final paragraph.) Lightspeed Commerce (LSPD) shares were up nearly 15% in recent Thursday trading after reporting ...