LSPD.TO - Lightspeed POS Inc.

Toronto - Toronto Delayed Price. Currency in CAD
33.62
+0.04 (+0.12%)
As of 10:01AM EST. Market open.
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Previous Close33.58
Open33.31
Bid33.58 x 0
Ask33.60 x 0
Day's Range33.31 - 33.62
52 Week Range18.05 - 49.70
Volume12,102
Avg. Volume302,270
Market Cap2.9B
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 Est33.54
  • PR Newswire

    Blockchain-Enabled Lightspeed Restaurant ePOS Launches in the U.K.

    Lightspeed, a leading provider of omnichannel point of sale software, solutions and support systems for nearly 57,000 independent retail and restaurant locations worldwide, today announced the launch of a blockchain-enabled Lightspeed Restaurant platform in the U.K. The new platform enables full compliance with new Making Tax Digital regulations, and includes management capabilities for restauranteurs with multiple locations and entrepreneurs who put on large-scale events.

  • Canadian VC at $5.1B at 3Qs 2019, with historical record $6.5B within reach
    CNW Group

    Canadian VC at $5.1B at 3Qs 2019, with historical record $6.5B within reach

    Canadian VC at $5.1B at 3Qs 2019, with historical record $6.5B within reach

  • PR Newswire

    Lightspeed's JP Chauvet to participate in SaaS North conference as featured speaker

    Lightspeed, a leading provider of omnichannel point of sale software, solutions and support systems for nearly 57,000 independent retail and restaurant locations worldwide, today announced that president, JP Chauvet, will speak at the fourth annual SaaS North conference in Ottawa, Canada's largest software-as-a-service conference.

  • CNW Group

    Lightspeed's JP Chauvet to participate in SaaS North conference as featured speaker

    Lightspeed's JP Chauvet to participate in SaaS North conference as featured speaker

  • PR Newswire

    Lightspeed's Dax Dasilva to participate in Slush 2019 tech conference alongside board chair Patrick Pichette

    MONTREAL, Nov. 18, 2019 /PRNewswire/ - Lightspeed, a leading provider of omnichannel point of sale software, solutions and support systems for nearly 57,000 independent retail and restaurant locations worldwide, today announced that founder and CEO, Dax Dasilva, will speak at Slush, the premier international startup and technology event held annually in Helsinki, Finland. Dasilva will be featured in a conversation entitled The 300-Year Business Plan with Patrick Pichette, former CFO of Google and current chair of the board of directors at Lightspeed as well as General Partner at venture capital firm iNovia Capital.

  • 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...

  • CNW Group

    Lightspeed to Participate in CIBC Eastern Institutional Investor Conference

    Lightspeed to Participate in CIBC Eastern Institutional Investor Conference

  • 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