Lightspeed Commerce gains on reorganization plans

Lightspeed Commerce

17/01/2023 16:40

** U.S.-listed shares of Canadian software firm Lightspeed
Commerce Inc  LSPD.N  up 1.4% at $16.18 
    ** Co announces reorganization to streamline its operating
model 
    ** Says reorganization to include reduction of about 300
jobs
    ** Expects to deliver Q3 rev. within previously established
range and adj. EBITDA  ahead of previously given range 
    ** LSPD shares fell about 65% in 2022 
 (Reporting by Vansh Agarwal in Bengaluru)
 ((Vansh.Agarwal@thomsonreuters.com;))