Lightspeed was founded in 2005 in Canada (the company has a dual listing, on New York and Toronto Stock Exchanges), but since then has become a truly global business (organically and, as noted earlier, through masterful acquisitions). The company targets primarily “sophisticated” small and medium-sized businesses, and at the end of Fiscal 2022 (end of March 2022), 63% of the customers represented retail merchants, while 37% represented hospitality businesses. For example, Fiscal 2022 means the period from Q2 2021 to Q1 2022. Please note that the company’s fiscal year ends on March 31. I guess, there are many exciting things ahead for Lightspeed, so let’s learn more about this company! Last year, Lightspeed announced acquisitions of Ecwid and NuOrder (spending a total of $925 million), as well as raised $823 million in additional capital through a public offering. it entered the hospitality segment by acquiring a Belgian startup POSIOS, added e-commerce capabilities by acquiring a Dutch startup SEOshop, and grew internationally through the acquisitions of ShopKeep and Vend.
Founded in 2005 in Canada, the company masterfully expanded through acquisitions : i.e. Lightspeed Commerce serves more than 300,000 small and medium-sized companies in the hospitality and retail segments and operates in more than 100 countries. Today I would like to profile Lightspeed Commerce (NYSE: LSPD, TSX: LSPD). They might have started as pure software vendors, but, over time, started offering payment processing and working capital solutions.
#Lightspeed investor relations drivers#
These companies target different customer segments and geographies, but they all have one thing in common: financial services are important drivers of their revenue growth.
#Lightspeed investor relations update#
Last week I profiled five companies offering Point-of-Sale (POS) solutions, including Square, Toast, Lightspeed Commerce, Shift4 Payments, and Shopify (you can read the update by following the link 👉🏻 “ Fintech companies powering "in real life" commerce ”).
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