LSPD.TO - Lightspeed POS Inc.

Toronto - Toronto Delayed Price. Currency in CAD
31.04
-0.71 (-2.24%)
At close: 3:59PM EST
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Previous Close31.75
Open31.76
Bid30.95 x 0
Ask31.30 x 0
Day's Range30.76 - 31.76
52 Week Range18.05 - 49.70
Volume135,666
Avg. Volume312,785
Market Cap2.648B
Beta (3Y Monthly)N/A
PE Ratio (TTM)N/A
EPS (TTM)-3.08
Earnings DateNov 7, 2019
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target Est33.42
  • PR Newswire

    Lightspeed to Participate in Upcoming Investor Conferences

    MONTREAL , Nov. 13, 2019 /PRNewswire/ - Lightspeed POS Inc. ("Lightspeed" or the "Company") (TSX: LSPD), a leading omnichannel point of sale platform, today announced that during the ...

  • Thomson Reuters StreetEvents

    Edited Transcript of LSPD.TO earnings conference call or presentation 7-Nov-19 1:00pm GMT

    Q2 2020 Lightspeed POS Inc Earnings Call

  • PR Newswire

    Lightspeed Announces Second Quarter 2020 Financial Results, Updates Outlook

    Second Quarter Revenue Growth Accelerates to 51% YoY to $28.0 Million LTM Gross Transaction Volume now at $17.4B Lightspeed reports in U.S. dollars and in accordance with IFRS. MONTREAL , Nov. 7, 2019 ...

  • PR Newswire

    Lightspeed Launches Omnichannel Retail Solution in Switzerland

    MONTREAL, Oct. 30, 2019 /PRNewswire/ - Lightspeed, a leading provider of point of sale software, solutions and support systems to more than 51,000 independent retail and restaurant locations worldwide, today announced the availability of its Omnichannel product in Switzerland. Retailers across this country can now offer their customers a cohesive and efficient shopping experience both in-store and online. Following the July 2019 acquisition of iKentoo, a Switzerland-based POS solutions provider, Lightspeed increases its presence in Switzerland with this Omnichannel offering for retailers in both German (coming this November) and French (available now) languages.

  • CNW Group

    Lightspeed's Dax Dasilva Recognized as One of Canada's Top CEOs of 2019 by Globe and Mail's Report on Business

    Lightspeed's Dax Dasilva Recognized as One of Canada's Top CEOs of 2019 by Globe and Mail's Report on Business

  • PR Newswire

    Lightspeed POS Inc. Announces the Acquisition of Kounta

    Lightspeed bolsters presence in Asia-Pacific market as another world-class team joins the fold MONTREAL , Oct. 20, 2019 /PRNewswire/ - Lightspeed POS Inc. (TSX: LSPD), a leading omnichannel point of sale ...

  • CNW Group

    Lightspeed Announces Fiscal Second Quarter 2020 Financial Results Conference Call

    Lightspeed Announces Fiscal Second Quarter 2020 Financial Results Conference Call

  • An Ode to Canada Tech Stocks After $6 Billion in Value Erased
    Bloomberg

    An Ode to Canada Tech Stocks After $6 Billion in Value Erased

    (Bloomberg) -- The best performing sector in Canada has lost its mojo.After eight straight months in the green, tech stocks are now on pace for their first slump this year with about C$8.3 billion ($6 billion) in market value lost -- making them the biggest losers in September.The rotation to value from growth sent stocks like Shopify Inc. on its longest losing streak on record. There was also BlackBerry Ltd.’s 30% collapse last week after reporting a massive earnings miss and forecast cut. Shopify makes up a whopping 35% of the S&P/TSX Information Technology Index, while BlackBerry has about a 3% weighting. The slump in FAANG stocks after U.S. President Donald Trump’s negative remarks about the growing power of social media platforms seeped into investor sentiment for Canadian tech too.“The pace of this recent run in technology stocks, driven in large part by the success of Shopify, was unsustainable, and likely driven in part by short covering,” said Hans Albrecht, fund manager at Toronto-based Horizons ETFs Management Canada Inc. “When that dried up the bottom fell out.”Was the epic 59% rally into August too good to be true? Sky-high valuations have slipped with the selloff but are still well above the five-year average. Shopify, which has found profit elusive, carries a forward 12-month price-earnings ratio of about 466, according to data compiled by Bloomberg.The slump may have also knocked Canadian pride down a peg or two. Shopify, along with Lightspeed POS Inc., whose shares have slumped about 38% since hitting a peak in August after pulling off one of the most successful initial public offerings in North America this year, have been held up as exhibit A and B that the country really can do tech.“Is this the end of the run for tech? Absolutely not,” Albrecht said. Unlike the U.S., Canada has a handful of tech stocks that make up a small part of the broader S&P/TSX Composite Index, pushing valuations up at an accelerated pace. “This year’s run had valuations overextend and invariably investors realize that fundamentals need to catch up at least to some extent.” The tech rally could take a pause for now and push ahead in 2020, he added.Despite the flight to value this month -- boosting heavyweights like financial and energy stocks -- last week painted a different picture -- stocks snapped their longest winning streak since April and have lost 1.2% amid political turmoil in the U.S. and evidence of slower growth in Europe.Here’s a look at what happened last week:Markets -- Just The NumbersChart of The WeekPoliticsThe federal election campaign continues in Canada as party leaders pledge tax breaks, cost reductions and corporate subsidies:Prime Minister Justin Trudeau has promised a major personal income tax break if re-elected as he tries to recover from revelations he wore blackface makeup on multiple occasions.Conservative Leader Andrew Scheer said he would “fix” the mortgage stress test if elected by reviewing it for first-time homebuyers and removing it from renewalsCanadian telcos slumped last week as Trudeau vowed to cut wireless services costs by 25% within four years. This came after the New Democratic Party indicated that it would implement price caps on mobile phone and internet services.EconomyIt was quiet on the data front with Canada’s July wholesale sales rising 1.7% to C$65.4 billion, surpassing expectations. The blockbuster figures that economists will be watching out for is July GDP data expected on Oct. 1. This comes ahead of Bank of Canada’s monetary policy decision on Oct. 30.TrendingInCanada1\. The global climate strike took place across Canada as protesters pushed politicians to adopt a climate action plan to reduce carbon dioxide emissions. Environmental activist Greta Thunberg joined the march in Montreal on Friday.Read more: Greta Thunberg Is Right, World Leaders Say, We Are Failing2\. Toronto Maple Leafs star Auston Matthews faces a disorderly conduct charge after he mooned a female security guard in Arizona.\--With assistance from Yueqi Yang and Esteban Duarte.To contact the reporter on this story: Divya Balji in Toronto at dbalji1@bloomberg.netTo contact the editors responsible for this story: Madeleine Lim at mlim131@bloomberg.net, Jacqueline Thorpe, David ScanlanFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • After Blockbuster IPO, Lightspeed Torn Between Growth and Profit
    Bloomberg

    After Blockbuster IPO, Lightspeed Torn Between Growth and Profit

    (Bloomberg) -- The founder of software company Lightspeed POS Inc. has made it easy to check progress in his mission to create Canada’s next great technology company.Beneath the vaulted ceilings of a converted rail hotel in Montreal, Dax Dasilva has hung screens showing minute-by-minute information on everything from website views to new customers.The fixation on data has led to one of North America’s most successful initial public offerings this year. Now the pressure is on for Dasilva to keep the momentum going. That’s no easy feat when you have shareholders with different priorities.“Our Canadian investors would like to see profitability sooner and the American investors would like to see growth, more growth,” the 43-year-old chief executive officer said in an interview at his office.The company, whose point of sale software helps small businesses manage things like inventory and online transactions, is addressing “both sides of the coin,” he said. Spotting when data trends in the wrong direction is part of the strategy.Investors are banking on Lightspeed’s ability to sign up thousands of new clients among retailers and restaurants, a market the company says is worth $113 billion. The stock has doubled since the March IPO, propelling the company’s enterprise value as a share of projected sales -- a closely watched ratio in the industry -- above that of peers including payment-based Square Inc. and web development platform Wix.com.The road has gotten bumpier of late. Shares have lost about a third of their value since reaching a record on Aug. 9, partly due to investors’ shift from growth to value stocks this month. They also fell in August, when Dasilva, pension fund Caisse de Depot et Placement du Quebec, and venture capital firm Inovia Capital jointly trimmed their stakes after IPO-related restrictions lifted.The top shareholders say they’re in for the long run, supporting Dasilva as he tries to emulate the success of Shopify Inc., the $36 billion e-commerce juggernaut and Canada’s tech pride. The two companies once had a partnership and now offer some competing services, though transactions at Lightspeed’s clients tend to be bigger.Lightspeed’s market value of C$2.7 billion is still less than a one-tenth the size of Shopify, as is its revenue.“A lot of large institutions missed Shopify, so they see Lightspeed as the second entrant into the marketplace,” said Thomas Birch, who oversees private equity venture capital funds and technology investments in Quebec for the Caisse, which owns about 31%. “They’re prepared to potentially pay a premium today because they know that Lightspeed is going to grow incessantly over the next five years.”The company, which derives most of its revenue from clients’ monthly payments for its cloud-based technology, is predicting sales will jump as much as 48% this fiscal year. That’s up from 36% last year, as it expands its foothold overseas and adds payment processing to its offerings.Dasilva has no official target date for turning a profit, though he’s made progress on the growth front. The company bought two smaller rivals this year, bringing acquisitions to seven since its 2005 inception and gaining customers in Europe and the golf course industry.About half of its global workforce of 800 people works at the castle-like headquarters, where exposed brick and giant wooden beams frame artwork, sleek chairs and counters. Dasilva took art history and religious studies in college after dropping out as a computer science major.With Lightspeed’s roughly $190 million in cash on hand at the end of last quarter, the Vancouver native is eyeing more acquisitions. He’s also boosting spending on marketing and ads to get the attention of entrepreneurs in the early stages of setting up a business.He can draw from an experienced board, including Chairman Patrick Pichette, a general partner at Inovia, who oversaw dozens of acquisitions as Google’s former chief financial officer.There’s room to grow. Lightspeed has about 0.1% of the addressable market of 47 million small and medium businesses and restaurants worldwide.Retail ChangesThe retail industry is moving away from stationary checkout terminals and on-location servers to modern point of sale systems like Lightspeed’s that are cheaper, web-based, and can be used on mobile devices. They can also offer tools and data and integrate online sales. The industry is growing at twice the pace of the legacy system and will surpass it in size by 2027-28, according to U.S. research firm Global Market Insights.Etiket, a beauty store and spa in Montreal which also sells niche fragrances and skin care products online, signed up for Lightspeed’s accounting, e-commerce and analytics on top of the basic point of sale package. It may add payments next, when the service becomes available in Canada.“It’s integrated and that’s one less problem,” Etiket co-owner Simon Tooley said. The trade off is you have “all your eggs in one basket” if something goes wrong, he said.Payments PushPayments is new territory for Lightspeed and investors are watching how fast businesses embrace the service, which collects a percentage of every transaction. In the U.S., where Lightspeed introduced the option about eight months ago, almost half of new retail clients subscribed in the most recent quarter.Now the company needs to show it can deploy the service worldwide and weather competition from deep-pocketed payment processors, according to a note by Raymond James analyst Steven Li.“Going public was about building reputation and visibility, and having the capacity to grow--not about just giving liquidity to investors,” Inovia co-founder Chris Arsenault said. “Canada is very young in terms of building huge companies in our own backyard. We’ve lagged and now we’re just starting to catch up.”Dasilva, the son of Ugandan immigrants of Goan descent, provides another inspiration for Canada’s entrepreneurs, following Ottawa-based Shopify’s 1,750% growth since its 2015 trading debut.One of the few openly gay CEOs in Canada, Dasilva is also an atypical figure in tech who set up a cultural center in Montreal and recently released a book infused with spirituality.“They blazed the trail; we have as well,” Dasilva said of Shopify. “I talk to more tech companies in Canada that are thinking bigger as a result.”\--With assistance from Divya Balji and Doug Alexander.To contact the reporter on this story: Sandrine Rastello in Montreal at srastello@bloomberg.netTo contact the editors responsible for this story: David Scanlan at dscanlan@bloomberg.net, Jacqueline ThorpeFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • PR Newswire

    Lightspeed Launches All-New Retail 3.0 POS App

    MONTREAL, Sept. 24, 2019 /PRNewswire/ - Lightspeed, a leading provider of omnichannel point of sale software, solutions and support systems for over 51,000 independent retail and restaurant locations, today announced Lightspeed Retail 3.0, available now. This innovative navigational model for iPads includes three new tabs – Profile, Sales History, and Retail Manager, in addition to easing sales associate workflows and also allowing managers to perform non-POS operations. Independent retailers will now be able to perform sales quicker than ever before, increasing productivity for SMBs.

  • Have Insiders Been Selling Lightspeed POS Inc. (TSE:LSPD) Shares This Year?
    Simply Wall St.

    Have Insiders Been Selling Lightspeed POS Inc. (TSE:LSPD) Shares This Year?

    We often see insiders buying up shares in companies that perform well over the long term. Unfortunately, there are...

  • PR Newswire

    Lightspeed to Participate in CIBC Eastern Institutional Investor Conference

    MONTREAL , Sept. 12, 2019 /PRNewswire/ - Lightspeed POS Inc. ("Lightspeed" or the "Company") (TSX: LSPD), a leading provider of software, solutions and support systems to small and ...

  • Thomson Reuters StreetEvents

    Edited Transcript of LSPD.TO earnings conference call or presentation 8-Aug-19 12:00pm GMT

    Q1 2020 Lightspeed POS Inc Earnings Call

  • Thomson Reuters StreetEvents

    Edited Transcript of LSPD.TO earnings conference call or presentation 30-May-19 9:00pm GMT

    Q4 2019 Lightspeed POS Inc Earnings Call

  • CNW Group

    Lightspeed Announces Closing of Secondary Offering of Subordinate Voting Shares

    MONTREAL , Aug. 22, 2019 /CNW Telbec/ - Lightspeed POS Inc. ("Lightspeed" or the "Company") (TSX: LSPD) today announced the closing of the secondary offering by certain selling shareholders of 6,209,542 subordinate voting shares, which includes the exercise in full by the underwriters of their over-allotment option to purchase up to 809,940 additional subordinate voting shares (the "Offering"). CIBC Capital Markets, Scotia Capital Inc., TD Securities Inc. and Raymond James Ltd. also acted as underwriters for the Offering.

  • Bloomberg

    The Tech Stock Boom Has Arrived in Canada’s Market (Finally)

    (Bloomberg) -- It makes up almost 6% of Canada’s stock market and is the best-performing sector this year.That’s right: technology stocks have climbed a massive 59% in 2019 -- more than double the next-best industry group on the S&P/TSX Composite Index. In fact, tech’s share of the benchmark index has grown at the fastest rate among all sectors in the past four years, according to data compiled by Bloomberg.“The tech ecosystem in Canada is very robust,” said Todd Coupland, managing director of institutional equity research at CIBC Capital Markets. “There are some high-quality growth companies that have begun to scale up over the last few years and they’ve gone public, and the success of those companies is manifesting itself in higher share prices.”Read more: Shopify’s Success Puts Spotlight on Next Canadian Tech StarsCanada’s tech sector hasn’t always had a smooth road. Fortunes have ebbed and flowed with the likes of BlackBerry Ltd., formerly known as Research In Motion, and now-defunct telephone equipment maker Nortel Networks Corp.But the S&P/TSX Composite Information Technology Index, with a mere 10 members, is now on track for its seventh year of gains -- its longest winning run on record -- having added C$108 billion ($81 billion) in market value in 2019. In comparison, the S&P 500 Info Tech Index, with 68 stocks, has climbed 29% this year after a 1.6% decline in 2018.Ottawa-based Shopify Inc., which has climbed more than 1,500% since it went public in 2015, is a big part of the success. It has a 39% weighting on the tech sub-gauge and comprises 2.18% of the broader benchmark.“With Shopify getting bigger and bigger, it’s getting more on the radar of larger, more global focused investors,” said Suthan Sukumar, an analyst at Eight Capital. “That is drawing more eyeballs to the Canadian market.”It isn’t just Shopify that’s making waves. Lightspeed POS Inc. -- which boasted Canada’s second-biggest IPO this year and the biggest offering by a Canadian tech firm in almost nine years -- had a stunning trading debut in March. The stock has climbed 175% as the company forecast annual revenue that beat analyst expectations. That performance isn’t reflected in the S&P/TSX Info Tech index, which hasn’t yet added Lightspeed.And another tech company is looking to follow in Lightspeed’s footsteps. Toronto-based Docebo announced Wednesday that it filed documents with regulators for an IPO.With valuations sky-high, it’s worth asking whether the rally can last. The price-to-earnings ratio for the S&P/TSX Composite Info Tech gauge stands at 34.6, compared with the broader benchmark’s multiple of 14.3.Sukumar says he sees opportunity in at least some corners of tech.“There is an opportunity for investors to continue rewarding higher-quality growth and growth that can prove to be resilient in these kind of market conditions,” he said.(Updates story to include the growth in the S&P 500 Info Tech Index in the fifth paragraph.)\--With assistance from Doug Alexander and Matt Turner.To contact the reporter on this story: Divya Balji in Singapore at dbalji1@bloomberg.netTo contact the editors responsible for this story: Madeleine Lim at mlim131@bloomberg.net, Joanna Ossinger, Ravil ShirodkarFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Shopify’s Success Puts Spotlight on Next Canadian Tech Stars
    Bloomberg

    Shopify’s Success Puts Spotlight on Next Canadian Tech Stars

    (Bloomberg) -- Shopify Inc.’s scorching rally and Lightspeed POS Inc.’s successful trading debut this year are throwing the spotlight on who might be the next Canadian tech star to go public.A total of C$1 billion ($751 million) was invested in 142 venture capital deals in the first quarter, up 48% from a year earlier, according to the Canadian Venture & Private Equity Association. More than half of that was in tech and increasingly from U.S. investors.Here’s what the founders of some of Canada’s hottest tech firms are saying about the future of their companies, and the potential for initial public offerings:ClearbancClearbanc offers $10,000 to $10 million to startups to help fund their marketing campaigns on Facebook, Google and the like in return for a flat fee and a share of revenue.The Toronto-based investment firm, founded in 2015, raised $300 million in new funding led by Highland Capital Partners of the U.S., the largest disclosed VC-financing this year in Canada. That brings total funding to $420 million.Clearbanc plans to offer $1 billion in financing this year and is interested in funding parts of a business that could turn into a repeatable revenue stream--infrastructure, shipping and sales commissions.It’s expanding outside the U.S. and Canada, where there’s a less developed venture ecosystem and “banks are more conservative,” according to co-founder and chief executive officer, Andrew D’Souza.“We think that the fundamentals of the business, the market opportunity, justifies a large standalone business,” D’Souza said about the possibility of an IPO.WattpadWattpad Corp. may no longer be a startup but its ambitions just keep growing. Founded as a mobile-reading app, 12-year-old Wattpad now calls itself a “multi-platform entertainment company.”The Toronto-based company has provided content for one of the most re-watched movies on Netflix (“The Kissing Booth”), a Hulu series (“Light as a Feather”), and this year a Hollywood feature film (“After”), all through Wattpad Studios, launched in 2016.Last week it inked a deal with Penguin Random House in the U.K. to turn its online content, mainly created and read by young women, into books. That follows the launch of its own publishing imprint, Wattpad Books, in the U.S. in April.The company uses data from more than 80 million monthly active users to identify the best stories across its platform and turn them into content. It has launched a paid, ad-free version as well as exclusive content for a fee.Wattpad has raised $117.8 million from investors including OMERS Ventures, Tencent Holdings Ltd.’s capital arm, and August Capital Corp, and is generating revenue in “eight figures,” according to co-founder and chief executive, Allen Lau.As for an IPO, it’s “not what we spend time focusing on,” Lau said. “Our focus right now is on movies and TV shows, with our partners.”VidyardVidyard Inc. wants to be the YouTube of business videos. Its software allows companies to create personalized videos to engage with customers and use data from their viewing habits to analyze that engagement.Companies are expected to spend $103 billion annually in video-ad marketing by 2023, according to Forrester Research.Vidyard counts 1,200 businesses in over 170 countries as its customers, including enterprise customers such as Honeywell International Inc., LinkedIn and Citibank.“In terms of the next two to three years, we’re just focused on consistent, hockey-stick style growth,” says Devon Galloway, co-founder and chief technology officer at Kitchener, Ontario-based Vidyard.The company has raised $60 million to date from investors including OMERS Ventures, Inovia Capital and the venture capital arm of Salesforce Inc.Galloway said if Vidyard continues to grow as well as it has an IPO would certainly be on its path.WealthsimpleWealthsimple Inc., wishes to replace banks as a customer’s primary financial relationship, according to founder and CEO Michael Katchen.“We want to be a firm that demystifies money,” Katchen said in an interview in Bloomberg’s Toronto office. The investment-services company has more than C$5 billion in assets under management and 175,000 customers in Canada, the U.S. and U.K.The robo-adviser favored by millennials, is also targeting wealthier Canadians and has branched out into commission-free stock trading and savings products. Mortgages, life insurance and checking accounts could be next, Katchen said.Founded in 2014, WealthSimple is not yet profitable, but its backers are patient, Katchen said. These include Power Financial Corp., an investment arm run by the Desmarais family and Allianz SE.Katchen said he’s interested in an IPO but it’s still “a few years away.”(Updates with Clearbanc’s financing plan)To contact the reporter on this story: Simran Jagdev in Toronto at sjagdev1@bloomberg.netTo contact the editors responsible for this story: Jacqueline Thorpe at jthorpe23@bloomberg.net;David Scanlan at dscanlan@bloomberg.netFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • CNW Group

    Lightspeed Announces Pricing of Secondary Offering of Subordinate Voting Shares

    MONTREAL , Aug. 15, 2019 /CNW Telbec/ - Lightspeed POS Inc. ("Lightspeed" or the "Company") (TSX: LSPD) today announced that it has entered into an underwriting agreement with certain selling shareholders and a syndicate of Underwriters (as defined below) in connection with its previously announced marketed offering of subordinate voting shares (the "Offering"). The Underwriters have agreed to purchase, at a price of $35.00 per share, an aggregate of 5,399,602 subordinate voting shares from (a) DHIDasilva Holdings Inc., an entity controlled by Dax Dasilva , Lightspeed's founder and Chief Executive Officer, (b) Caisse de dépôt et placement du Québec, (c) Inovia Capital (through entities controlled by them) and (d) certain members of Lightspeed's management (collectively, the "Selling Shareholders").