Brief: Lightspeed Commerce Announces Cost Cuts, Share Repurchase Program

Lightspeed Commerce

03/04/2024 12:15

April 3 (Reuters) - Lightspeed Commerce Inc  LSPD.TO :
    * LIGHTSPEED COMMERCE ANNOUNCES COST REDUCTIONS, SHARE
REPURCHASE
PROGRAM, AND REAFFIRMS FOCUS ON PROFITABLE GROWTH
    * LIGHTSPEED COMMERCE INC: LIGHTSPEED REAFFIRMS ITS OUTLOOK
FOR
FISCAL 2024 REVENUE AND ADJUSTED EBITDA
    * LIGHTSPEED COMMERCE INC: ELIMINATION OF APPROXIMATELY 10%
OF
LIGHTSPEED'S HEADCOUNT-RELATED OPERATING EXPENDITURES
    * LIGHTSPEED COMMERCE INC: REORGANIZATION IMPACTS
APPROXIMATELY
280 ROLES
    * LIGHTSPEED COMMERCE INC: LIGHTSPEED'S BOARD AUTHORIZED A
SHARE
REPURCHASE PROGRAM FOR UP TO 10% OF ITS PUBLIC FLOAT
    * LIGHTSPEED COMMERCE INC: EXPECTS THAT MAJORITY OF
RESTRUCTURING
CHARGES WILL BE INCURRED IN Q1 OF FISCAL 2025
    * LIGHTSPEED COMMERCE INC: EXECUTION OF RESTRUCTURING PLAN
WILL BE
SUBSTANTIALLY COMPLETE BY END OF Q1 OF FISCAL 2025

Source text for Eikon:  ID:nCNWS9WsXa 
Further company coverage:  LSPD.TO 

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