Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

Lightspeed Commerce Inc T.LSPD

Alternate Symbol(s):  LSPD

Lightspeed Commerce Inc. provides a one-stop commerce platform, which helps merchants to simplify, scale, and provide customer experiences. The Company’s cloud commerce solution transforms and unifies online and physical operations, multichannel sales, expansion to new locations, global payments, financial solutions, and connection to supplier networks. Its one-stop commerce platform provides its customers with the critical functionalities they need to engage with consumers, manage their operations, accept payments, and grow their business. The Company's products include retail, e-commerce, restaurant and golf. It offers Point of Sale, Payments, eCommerce, Inventory Management, Advanced Marketing, Advanced Reporting, Scanner and others. It also provides POS software, iPad POS system, Cloud POS system and POS cash register. It provides cloud-based Point of Sale systems for retail stores and restaurants. It has customers globally in over 100 countries.


TSX:LSPD - Post by User

Post by denlepon Nov 04, 2021 9:18am
444 Views
Post# 34085947

TD comments

TD commentsEvent Q2/F22 results. Conference Call: 8:00 a.m. ET; 833-636-0917. Impact: SLIGHTLY POSITIVE We're calling the results slightly positive given the beat this quarter, strong organic growth, and the slight increase in the F2022 revenue guidance. However, the stock is currently trading down ~19% in the pre-market, suggesting it didn't beat or raise by enough. Considering Shopify traded higher on its missed results, we would have expected Lightspeed's results to generate at least a slightly positive move. We continue to believe that Lightspeed's results demonstrate that they are benefitting from the reopening and are well-positioned to continue benefitting as we move past the pandemic. Strong revenue and EBITDA beat. Revenue of $133.2mm was ahead of expectations for $122.1mm (TD)/$124.2mm (consensus) and represented 193% y/ y growth. Subscription and transaction-based revenue of $124.4mm grew by 203% y/y, and was well above our expectation of $116.0mm. Organic subscription and transactions revenue y/y growth was 58% in the quarter. EBITDA of ($8.7mm), or (6.5%) margin, was above expectations of ($11.9mm) (TD)/($11.7mm) (consensus). Another quarter of strong KPIs. The total number of customer locations grew to ~156,000 up from ~150,000 q/q. Lightspeed also registered GTV of $18.8bln, up ~123% y/y in total and up 39% y/y, excluding the recent acquisitions. Hospitality GTV grew 131% y/y, while omnichannel retail GTV grew 115% y/y. Organic GTV grew by 39% y/y, with organic hospitality GTV growing 40% and omni-channel retail GTV growing 38%. We believe this suggests that Lightspeed's customers are recovering from the pandemic. Payments revenue continues to pick up. Transaction-based revenue grew to $65.0mm, up 320% y/y. Strong performance was driven by strong GTV and a growing proportion of GTV being processed through Lightspeed Payments, which was ~11% in the quarter, up from ~5% y/y. Revenue guidance in-line despite macro uncertainties. Management noted that near-term outlook considers the uncertainties around COVID-19 in certain markets and supply chain issues. Despite the uncertainties, F2022 revenue guidance of $520mm-$535mm is up from prior guidance of $510mm-$530mm, which is also inline with us and consensus. 2022 EBITDA guidance of ($45mm)-($40mm) was below expectations and decreased from the prior guidance of ~($35mm).
<< Previous
Bullboard Posts
Next >>