![]() ![]() ![]() After adjusting the net loss by $74.1 million for certain items including share-based compensation, amortization of intangible assets, acquisition-related compensation and the recently-announced reorganization, the Company delivered an Adjusted Loss 2 of ($0.4) million, or ($0.00) per share 2 Transaction-based revenue of $99.6 million, an increase of 49% or 50% in constant currency 2.Subscription revenue of $76.2 million, an increase of 8% or 11% in constant currency 2.Total revenue of $184.2 million, an increase of 26% or 27% in constant currency 2.(All comparisons are relative to the three-month period ended March 31, 2022 unless otherwise stated): "Our laser focus on continued improvement of unit economics has allowed us to deliver meaningful growth while also positioning us to reach our goal of profitability." "Our Adjusted EBITDA loss this quarter came in significantly better than our previously established outlook and shows ongoing progress towards our goal of Adjusted EBITDA break even or better for Fiscal 2024 1," said Asha Bakshani, CFO of Lightspeed. By focusing on its two flagship products, Lightspeed expects to increase adoption of its solutions amongst more complex merchants, improve sales productivity and increase the pace at which it can create new products and features that drive value for customers. Our strong annual net retention rate shows that these types of businesses continue to expand their technology suite with us as they grow and thrive thanks to the power of our platform."įor the fiscal year ended Ma("Fiscal 2024"), Lightspeed is focused on accelerating adoption of its financial services and reaping the benefits of its simplified product portfolio. "We have welcomed an incredible group of sophisticated, high GTV merchants and restaurants this quarter that see the true value of Lightspeed. To go from nine distinct products to two powerful flagship platforms - Lightspeed Retail and Lightspeed Restaurant - has allowed us to simplify our organization, increase our focus on our target customers and accelerate our innovation engine," said JP Chauvet, CEO of Lightspeed. "I'm incredibly proud of the milestones we have accomplished this year. ("Lightspeed" or the "Company") (TSX: LSPD) (NYSE: LSPD), the one-stop commerce platform for merchants around the world to simplify, scale and create exceptional customer experiences, today announced financial results for the three months and fiscal year ended Ma("Fiscal 2023"). MONTREAL, (GLOBE NEWSWIRE) - Lightspeed Commerce Inc. Lightspeed reports in US dollars and in accordance with IFRS. ![]() Gross Payments Volume for the quarter grew 70% YoY to $3.8 billionĬustomer Locations processing more than $500,000/year in GTV grew by 13% YoY 3 in the quarter Lightspeed launches unified POS and payments initiative Total revenue for the quarter grew 26% YoY to $184.2 million (27% growth in constant currency 2 )Īdjusted EBITDA loss significantly better than previously-established outlook and on track for break even for Fiscal 2024 1 For Fiscal 2023, total re venue grew to $730.5 million or 33% (36% in constant currency 2 ), withĪnnual Net Retention Rate 4 of ~110% 1 2 3 4 ![]()
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