Lightspeed Commerce Inc T.LSPD

Alternate Symbol(s): LSPD

Technology Software - Application

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

Lightspeed Commerce Inc

<< Previous

Bullboard Posts

Next >>

Post by Betteryear2on Apr 03, 2024 8:45am

86 Views

Post# 35967167

Lightspeed Commerce Announces Cost Reductions

Elimination of approximately 10% of Lightspeed's headcount-related operating expenditures.

Lightspeed's board authorized a share repurchase program for up to 10% of its public float - the maximum allowed per year - representing approximately U.S. $140 million1.

Lightspeed reaffirms its outlook for fiscal 2024 revenue and Adjusted EBITDA2.

MONTREAL, April 3, 2024 /PRNewswire/ - Lightspeed Commerce Inc. (NYSE: LPSD) (TSX: LSPD) the unified POS and payments platform for ambitious entrepreneurs who wish to provide the best omnichannel customer experiences, today announced a reorganization and cost reduction initiatives to facilitate the next phase of its profitable growth strategy. These initiatives are designed to improve the Company's financial performance while also allowing for greater investment in key product development and customer experiences.

Lightspeed Commerce Announces Cost Reductions, Share Repurchase Program, and Reaffirms Focus on Profitable Growth (prnewswire.com)