US EditionLightspeed Stock Falls as Company Reports Big Goodwill Writedown but Says Turnaround on Track
- Montreal-based software firm Lightspeed Commerce Inc. announced a loss of US$575.9 million for the fiscal quarter ending March 31, 2025.
- The large goodwill impairment followed from a weaker share price and net assets exceeding market capitalization amid global economic uncertainty and sector softness.
- Chief Executive Dax Dasilva returned, cut costs, refocused on North American retail and European hospitality, and hired outbound sales staff to target 10 to 15 percent annual location growth.
- Lightspeed posted revenue of US$253.4 million, up 10 percent year-over-year, with adjusted operating earnings of US$12.9 million and forecasts 10 to 12 percent revenue growth in fiscal 2026.
- Analysts remain cautious, emphasizing the need for execution on merchant counts and profitable growth, while the company pursues a US$400 million share buyback to support valuation.
16 Articles
16 Articles
Collingwood Today
Lightspeed Commerce sees 'softness' in North American hospitality
Lightspeed Commerce Inc.'s chief financial officer says the technology company has taken a "conservative" approach to forecasting for the year because economic uncertainty is swirling. With U.S.
The action of Lightspeed Commerce is under pressure, while investors wait to see if the company's strategy will bear fruit.
ElliotLakeToday.com
Lightspeed takes non-cash goodwill charge, reports US$575.9M Q4 loss
MONTREAL — Lightspeed Commerce Inc. reported a fourth-quarter loss of US$575.9 million as its revenue rose 10 per cent compared with a year ago. The Montreal-based company, which keeps its books in U.S. dollars, says the loss amounted to US$3.
Eye on Point of Sale: Lightspeed Marks $1 Billion in Revenue; Manhattan Associates Secures a Shopify Presence - Digital Transactions
In a first, point-of-sale system and e-commerce platform Lightspeed Commerce Inc. exceeded $1 billion in yearly revenue, posting $1.1 billion for its fiscal year ended March 31. That’s up 21% from $909 million the previous year. It wasn’t enough, however, to offset financial performance, resulting in a loss for the year. Montreal-based Lightspeed, which in February decided to remain a publicly traded company, posted a $667.2 million net loss for…
On an adjusted basis, Lightspeed reported having realized a profit of US$0.10 per share. The post Lightspeed reports a net loss of US$575.9 million to the 4T appeared first on Les Affaires.
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