Latest news with #Dasilva
Yahoo
22-05-2025
- Business
- Yahoo
Lightspeed Just Lost $556 Million -- But Its Bold Turnaround Plan Could Flip the Script
Lightspeed Commerce (NYSE:LSPD) just posted a headline-grabbing $556 million goodwill impairmentand investors didn't take it lightly. Shares dropped as much as 9.7% on Thursday, making it the worst performer on the S&P/TSX Composite Index. The write-down comes as Lightspeed's market cap fell below its net assets, raising red flags across the board. Still, revenue for fiscal 2025 came in at $1.1 billion, up 18% year-over-yeara notable milestone in an otherwise bruising stretch. Warning! GuruFocus has detected 2 Warning Signs with LSPD. CEO Dax Dasilva framed the quarter as a pivot point, pointing to ongoing restructuring and headwinds for small retailers. There's a lot of macro pressure, he said, referencing weak performance in February and March. Despite that, Lightspeed stuck to its long-term forecast: gross profit growth of 15% to 18% annually over the next three years, a target first laid out on March 26. The company is now banking on a new outbound sales play150 reps focused on retail and hospitalitywith half already in place. But it's early days. We've got to deliver over the next four quarters, Dasilva admitted. Bank of Montreal analyst Thanos Moschopoulos isn't giving up on the stock just yet. He called the current valuation inexpensive and acknowledged that the outbound strategy could take time to show results. Lightspeed's share price was down 35% year-to-date. The company peaked at a C$22.7 billion valuation in 2021. The gap between that high and today's numbers? It's not just capitalit's confidence. And right now, Lightspeed needs to earn that back, one quarter at a time. This article first appeared on GuruFocus.
Yahoo
24-03-2025
- Business
- Yahoo
Lightspeed Cuts Revenue Outlook on Weakening Consumer Confidence
(Bloomberg) -- Sluggish consumer spending has caused Lightspeed Commerce Inc. to lower its outlook for the year ahead. They Built a Secret Apartment in a Mall. Now the Mall Is Dying. Chicago Transit Faces 'Doomsday Scenario,' Regional Agency Says LA Faces $1 Billion Budget Hole, Warns of Thousands of Layoffs New York Subway Ditches MetroCard After 32 Years for Tap-And-Go Libraries Warn They Could Be 'Cut off at the Knees' by DOGE The Montreal-based payments company cut its revenue guidance for fiscal 2025 to 18% year-over-year growth from 20%. The company attributed the change to lower transaction-based revenue, which comprises more than 60% of total revenue, Chief Executive Officer Dax Dasilva said Monday on BNN Bloomberg Television. Lightspeed shares fell by 3.6% to C$14.69 by 11:35 a.m. in Toronto, their lowest level since April 2020. Since the company reported third-quarter results in February, spending at restaurants and retailers has dropped, hurting Lightspeed's overall revenue, Dasilva said. 'Several macroeconomic conditions have deteriorated in that time, through February and March to date,' he said. 'We've seen heightened inflationary pressures, more job insecurity, and there's just been weakened consumer confidence that's been impacting discretionary spending amongst consumers.' A New 'China Shock' Is Destroying Jobs Around the World How TD Became America's Most Convenient Bank for Money Launderers Tesla's Gamble on MAGA Customers Won't Work One Man's Crypto Windfall Is Funding a $1 Billion Space Station Dream The Richest Americans Kept the Economy Booming. What Happens When They Stop Spending? ©2025 Bloomberg L.P. Sign in to access your portfolio
Boston Globe
05-03-2025
- Boston Globe
Mother and three children arrested in Hudson after allegedly brandishing firearm on social media livestream
Her children were not identified due to their ages. The 17-year-old boy is facing multiple illegal gun charges, the statement said. The 14-year-old girls are charged with assault and battery on a police officer and assault with a dangerous weapon. One is facing the additional charge of interfering with a police officer, Hudson police said in a statement Tuesday. Advertisement All three minors were also arraigned on Monday in Marlborough District Court, police said. The four were arrested last Friday, the day after police 'were made aware' of a person brandishing a firearm on a social media livestream, the statement said. With help from Southbridge police, investigators identified the 17-year-old and determined that he did not have firearms identification card, police said. A search warrant was executed at one of the family's home on Green Street around 1:30 p.m. on Friday, where two other minors inside became verbally aggressive with police and tried to have a dog at the residence attack the officers, according to the statement and court records. A 14-year-old made physical contact with an officer while police were attempting to de-escalate the situation, the statement said. Dasilva was asked by police to wait outside as one of the minor's was being detained, the statement said. Police then watched Dasilva take one of the minor's phones while outside. Police seized a fully loaded 9mm Taurus GX4 handgun and several rounds of ammunition inside of the home, the statement said. 'I would like to commend the efforts of the members of Hudson and Southbridge police who assisted in this investigation,' Hudson Police Chief Richard P. DiPersio said. 'Their commitment to sound, proactive police work plays an instrumental role in keeping the community safe.' Advertisement Kiera McDonald can be reached at
