World News – CA – Lightspeed (TSX: LSPD) Just Smashed Profits: Everything You Need To Know


The Motley Fool Canada »Investing» Lightspeed (TSX: LSPD) just smashed earnings: everything you need to know

Jed Lloren | November 5, 2020 | Learn more: LSPD LSPD

One of the most anticipated earnings calls of the month, Lightspeed (TSX: LSPD) (NYSE: LSPD) announced ahead of the market opening this morning At the time of writing, shares in the company grew 13% What caused this incredible intraday gain? Should you join the company? I will discuss these points in this article

Investors expected Lightspeed to perform well this quarter as businesses began to reopen This comes from the return of a stunning first quarter earnings result where the company beat expectations after the imposition of global closures What are the revenues of the business?

Lightspeed opened the call by reporting that the total number of customer locations has reached approximately 80,000 This represents an annual growth of 40% In terms of gross transaction volume, Lightspeed brought in $ 26 billion over the past 12 years. recent months a 51% year-over-year growth This is particularly impressive considering the fact that its activities have been severely restricted for an entire quarter this year

Lightspeed also announced it has launched new product innovations that help businesses keep pace with changing consumer behavior Some of these new offerings include: e-commerce for restaurants, Lightspeed subscriptions, advance orders, and hospitality outlets These new products should help Lightspeed’s revenue explode in the future. p>

The company also announced that it will acquire ShopKeep for equity consideration and $ 440 million ShopKeep is an iPad POS company whose services are used by more than 23,000 small and medium businesses in Canada and in the United States This acquisition not only strengthens Lightspeed’s management team, but also adds to its already growing U Presence The combined companies will have over 100,000 customers and $ 33 billion in gross transaction volume over the past twelve month

In terms of revenue, Lightspeed brought in $ 45.5 million in Q2 2021 This is a 62% increase year over year Of that amount, $ 41 million is from the software and hardware segment. company payments, which also saw a proportional 62% year-over-year increaseFinally, the company’s gross margin continues to increase In Q2 2021, Lightspeed reported $ 27.5 million in profit gross, a 60% increase year over year

The question now is whether investors should buy Lightspeed shares I believe Lightspeed still has plenty of room to grow The company has identified five points in its current growth strategy First, it intends to expand current reach and continue to expand customer locations Next, the company plans to build on its success in payments and financial solutions Lightspeed Capital was rolled out to U.S. customers in August

Lightspeed is also focused on increasing average revenue per user By increasing the number and quality of offers Lightspeed offers, it believes this can be accomplished Currently 40% of Lightspeed customers use more than one To module As customers continue to grow, so should the number of products they use

Finally, Lightspeed will pursue an expanded presence in its verticals and continue its merger and acquisition strategy.These two points will allow the company to monetize throughout its supply chain and leverage the expertise acquired to help continue its growth

Lightspeed’s business remains very attractive as it uses a very successful subscription system It helps give the company a very reliable and predictable revenue stream All points seem to show that Lightspeed is still a great company to hold in a wallet

Lightspeed completely smashed its revenue today The company reported very strong improvements in customer location, revenue and profitability It also announced a new acquisition that will only help it become a more competitive competitor. formidable in the payments space Lightspeed shows no signs of slowing down

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Silly contributor Jed Lloren has no position in any of the mentioned stocks The Motley Fool owns lightspeed POS Inc

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World News – CA – Lightspeed (TSX: LSPD) Barely Shattered Profits: Everything You Need to Know


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