Need That Buyout IMO.....LSPD reported earnings this morning:
From BNN Bloomberg:
Lightspeed Commerce posted a $814.8 million net loss in its third quarter, driven in large part by a non-cash goodwill impairment charge of $748.7 million tied to the decline in the valuation of tech companies.
CTS's Goodwill item on their Balance Sheet as at September 30, 2022 is 25% of their total assets. I highly doubt this represents the fair current market value of all the premiums to the net asset values CTS paid to acquire all the tech companies they've purchased to date.
Last year, CTS's Q4 numbers were released March 22. Wonder if an impairment adjustment will be made at that time if the company isn't sold....?