Lightspeed Commerce rises as Q1 revenue exceeds estimates

Lightspeed Commerce

16/05/2024 13:07

** U.S.-listed shares of cloud commerce solution provider
Lightspeed Commerce  LSPD.TO ,  LSPD.K  rise 9.7% to $14.01
premarket 
    ** Reports Q4 rev of $230.2 mln, above analysts' estimates
of $224.3 mln
    ** Expects 2025 revenue to grow at least 20%
    ** Sees Q1 FY25 rev in a range of $255 mln-$260 mln,
analysts on average had expected a revenue of 257.9 mln - LSEG 
     ** Co announces reorganization with reduction in
headcount-related expenses of approximately 10%
    ** CEO Dax Dasilva moves into a permanent role, removing
interim tag from his title 
    ** YTD, LSPD down 37.5%

 (Reporting by Abhinav Parmar in Bengaluru)
 ((Abhinav.parmar@thomsonreuters.com))