Lightspeed Commerce slides after Q3 revenue miss, strategic review end

Lightspeed Commerce

06/02/2025 16:05

** Shares of Canadian payments software firm Lightspeed
Commerce  LSPD.TO  plunge as much as 18.3%; last down 15.2% at
C$17.56
    ** LSPD posts Q3 revenue of $280.1 mln, missing analysts'
expectations of $285.6 mln - LSEG data
    ** The miss was driven by LSPD's transaction revenue falling
short of estimates, analysts say
    ** Management also flags short-term headwinds on revenue,
including a stronger U.S. dollar and job cuts as part of its
restructuring
    ** LSPD also announces it has completed its strategic review
process and decided to remain a public company despite a "high
level of interest and extensive discussions with several
participants"
    ** TD Cowen says the market was increasingly anticipating a
lower probability of LSPD being taken private from the strategic
review
    ** LSPD plans on turning around its business by focusing on
key growth areas such as North American retail and European
hospitality businesses
    ** LSPD shares slipped 21.2% in 2024

 (Reporting by Arasu Kannagi Basil in Bengaluru)
 ((ArasuKannagi.Basil@thomsonreuters.com;))