Latest news with #LightspeedCommerce
Yahoo
24-05-2025
- Business
- Yahoo
Lightspeed Commerce Full Year 2025 Earnings: EPS Misses Expectations
Revenue: US$1.08b (up 18% from FY 2024). Net loss: US$667.2m (loss widened by 307% from FY 2024). US$4.34 loss per share (further deteriorated from US$1.07 loss in FY 2024). We check all companies for important risks. See what we found for Lightspeed Commerce in our free report. All figures shown in the chart above are for the trailing 12 month (TTM) period Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates significantly. Looking ahead, revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Software industry in Canada. Performance of the Canadian Software industry. The company's shares are down 4.4% from a week ago. Just as investors must consider earnings, it is also important to take into account the strength of a company's balance sheet. We have a graphic representation of Lightspeed Commerce's balance sheet and an in-depth analysis of the company's financial position. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
22-05-2025
- Business
- Yahoo
Lightspeed Commerce CEO talks earnings, US consumer, hospitality
Point-of-sale and e-commerce software developer Lightspeed Commerce (LSPD) saw revenue rise 18% in its fiscal 2025, amounting to $1.07 billion for the year. Lightspeed Commerce CEO Dax Dasilva comes on Market Domination Overtime to talk about his company's earnings print, full-year guidance for its fiscal 2026, and the states of the consumer and hospitality industry in North America and Europe. To watch more expert insights and analysis on the latest market action, check out more Market Domination Overtime here. Lightspeed commerce reporting at an 18% rise in full year revenue for 2025. Looking ahead, the company is expecting lower revenue growth for 2026 in the range of 10 to 12%. The point of sale system, software solutions provider saying its outlook is reflective of its view on the macroeconomic environment. Here at the closer look, we've got the CEO, Dax DaSilva. Dax, great to have you on here. Talk to me about what you are most concerned about in the quarters to come. I know you cite macro uncertainty for the guidance that disappointed investors today. But we're hearing other companies that I imagine utilize POS systems like Lightspeed, that they are not as concerned about the macro environment coming forward here. So which is it? Yeah, thanks. Thanks for, thanks for having me. So we did see some pressure, some macro pressure in, um, in Q4, which for us is the January to, to March quarter. Uh, I think it was mostly February and March where we saw softness in the macro. But we did see, um, we did see some stabilization in April, and no further deterioration in May. So I think that the change in the guide for us or the guide for fiscal 26 is really because we've revamped our strategy and we're focusing on outbound sales in two growth markets: North America retail, hospitality, building up our outbound sales teams. And that's going to take some time to ramp. We started hiring that in January and are halfway through the 150 reps that we're hiring to capture that growth opportunity. And so as, as we go into, you know, into fiscal 26, we'll start to see the results of those reps on the ground. And Dax, you always have interesting line of sight into the consumer and so I wanted to get more color and commentary from you on that. I mean, if you were to characterize the consumer Dax and you would compare what you're seeing now versus let's say six months ago, how would you characterize it? Yeah, I think that there is, we're hearing a lot from businesses in retail and hospitality in North America and Europe. And there is, there has been a different, different moments, you know, a lot of talk about changes in trade policy and it does create, it does shake consumer confidence. And so, as a software vendor that serves, you know, mid-market SMB retail and hospitality, we've been supplying, we've been pitching tools in terms of analytics and insights and tools for them to be able to order directly from brands or brands in different countries if they want to optimize their spend during such changes in trade policy, as well as tools for them to be able to borrow capital to be able to expand their business in times of economic uncertainty. And that's all to respond to changing consumer sentiment and allowing them to sort of weather a period where there is perceived instability. Like I said, we saw a lot of the impact of that in February and March, and that sort of sentiment seems to have stabilized in April. Talk to me too about the $556 million impairment charge. Again, I know you cite macroeconomic uncertainty, specifically for smaller retailers as part of that. Walk me through that number and how you got to that. Yeah, I think that number is triggered because there was a compression in our share price, and that's sort of an accounting trigger that has caused us to do a write-down for a goodwill impairment. But it's a non-cash charge, and it doesn't impact our ability to operate the company or really impact our ability to do our strategic pivot. What about restaurant spending, Dax? You know, economists often make a beeline for that because it is so discretionary. What do you see in there? Yeah, so we primarily operate in the European restaurant space. We have an incredible position there. If you want to open a restaurant chain or you have a restaurant chain that's pan-European, Lightspeed is the number one choice. Uh, and yeah, the discretionary spend, especially since we're a lot of Michelin star restaurants, high-end restaurants or resorts, we see consumer sentiment really affect discretionary spend. But like I said, we saw a lot of the softness in North America hospitality where we have a smaller base and primarily in the early months of the calendar year. But like I said, stabilized. Sorry to cut you off there, Dax. I just thought it was interesting to hear you talk about the shift that you're seeing in that higher income consumer outside of the U.S. Can you talk to me a little bit more about how you're seeing different income groups behave differently in terms of their expenditures? Yeah, I think that as you, as you have consumers that may have higher discretionary income, there's a little potentially less impact to their overall spending habits. And in the U.S., where we have a smaller base of restaurants, but potentially less of the Michelin star class restaurant that we have, you know, we see a bit more of an impact when there is a change in consumer confidence and sentiment. Dax, really appreciate your time today. Thank you so much for joining us. Thank you. 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Yahoo
22-05-2025
- Business
- Yahoo
Lightspeed Commerce CEO talks earnings, US consumer, hospitality
Point-of-sale and e-commerce software developer Lightspeed Commerce (LSPD) saw revenue rise 18% in its fiscal 2025, amounting to $1.07 billion for the year. Lightspeed Commerce CEO Dax Dasilva comes on Market Domination Overtime to talk about his company's earnings print, full-year guidance for its fiscal 2026, and the states of the consumer and hospitality industry in North America and Europe. To watch more expert insights and analysis on the latest market action, check out more Market Domination Overtime here. Sign in to access your portfolio
Bloomberg
22-05-2025
- Business
- Bloomberg
Lightspeed Revenue Tops $1 Billion, Fails to Sway Investors
Lightspeed Commerce Inc. was the worst performer on the S&P/TSX Composite Index Thursday after the point-of-sale operator reported a $556 million impairment charge amid economic uncertainty for small retailers. The Montreal-based company's earnings were largely in line with analyst estimates for the fourth quarter ended March 31. But Lightspeed also wrote down its goodwill after its net assets exceeded its March 31 market capitalization of C$1.9 billion ($1.4 billion). Revenue during the 2025 fiscal year reached nearly $1.1 billion, up 18% from the previous year and a milestone for the company.
Globe and Mail
22-05-2025
- Business
- Globe and Mail
Lightspeed stock falls as company reports big goodwill writedown but says turnaround on track
Lightspeed Commerce Inc. LSPD-T reported a net loss of US$575.9-million in its fiscal fourth quarter as its weak share price performance triggered a big goodwill writedown. The Montreal software company reported year-end fiscal results Thursday and provided a forecast for the year ahead that were largely in line with expectations – but will likely not be enough to reignite investor interest in the former stock market darling, one analyst said. The stock sold off 7 per cent in early morning trading. The company, which sells point-of-sale software to retailers, restaurants and hospitality providers globally, reported revenue in fourth quarter ended March 31 was US$253.4-million, up 10 per cent over the same period a year earlier. That was in line with analysts' expectations. Adjusted operating earnings came in at US$12.9-million, slightly below consensus analyst forecasts. The company's operating profit of US$12.9-million in the quarter was slightly below expectations though the total for its 2025 fiscal year came in at US$53.7-million, ahead of Lightspeed's twice-increased forecasts. Lightspeed's US$556.4-million non-cash goodwill writedown was triggered by its weak share price, which left the carrying value of the company's net assets at a higher level than its market capitalization at the end of the quarter. Analysts are more focused on its longer-term outlook after a year in which founder Dax Dasilva returned as chief executive, slashed costs, refocused the company around its two strongest markets – North American retailers and European hospitality providers – and began ramping up efforts to drive customer location growth. The company, which has pushed customers to adopt its payments solution in the past few years, also abandoned a sale process early this year and embarked on a program to buy back up to US$400-million of shares, or more than 20 per cent of its float. The buyback is now more than half done. 'With many of the hard decisions behind us, fiscal 2026 will be a year of executing on our plan and delivering on our potential,' Mr. Dasilva said on a conference call with analysts Mr. Dasilva said the company has hired half of a promised 150 outbound sales representatives whose job is to sign up new customers in its two growth areas, with a goal of driving 10 per cent to 15 per cent annual location growth. The company, which has placed an emphasis on growing the number of larger customer locations that generate US$500,000 or more in transaction volumes, said the undisclosed number of establishments was unchanged year-over-year in the quarter. The company's financial profile is improving, including a marked increase in gross profit. It is targeting annual gross profit increases of 15 per cent to 18 per cent on average over the next three years alongside a goal of 35 per cent average annual gains in adjusted operating profits over that period. But the company, which went public in 2019 and saw its share price soar in the early part of the pandemic before crashing in 2021, is still a long way off from regaining its status as an exciting, growth-oriented tech company as it tries to balance driving revenues without sacrificing profitability amid a backdrop of global economic uncertainty. One of its key longer-term goals is to achieve 'rule of 40' results – an industry benchmark that tracks performance in the subscription cloud software market. Investors add a company's revenue growth rate to its adjusted operating profiting margin; if that totals 40, it is considered a top performer. Lightspeed is targeting revenue gains of 10 per cent to 12 per cent this coming fiscal year and an adjusted operating profit margin of no more than 6 per cent. That adds up to less than half the rule of 40 target. ATB Financial analyst Martin Toner said in an interview: 'What I see is an inexpensive stock that is trying to get the growth engine humming again. They're struggling to reaccelerate growth. The fundamental momentum isn't there' yet, he said, adding that for technology-oriented investors, 'there are better places to look.' National Bank Financial analyst Richard Tse said in email 'I think the market wants to see execution on their large merchant count before we get a sustained valuation re-rating of the stock.'
