"While the rate of global economic recovery is expected to be uneven, overall our core business drivers remain strong." "Lightspeed achieved solid results this quarter on the back of strong GTV growth, an increased Payments Penetration Rate and growing software adoption." said Chief Financial and Operations Officer Brandon Nussey. "With the addition of Ecwid and NuORDER, Lightspeed will continue to deploy revolutionary technology that will allow our customers to meet the future with greater insights, control and confidence than they have ever had in the past." "Lightspeed's powerful commerce platform has helped our customers to not only survive the worst of the pandemic but thrive in the recovery." said Dax Dasilva, Founder and CEO of Lightspeed. The Company's payments solutions continued to be a key driver of growth as the Payments Penetration Rate grew to 11%. merchants from the recent acquisition of Vend.įor the quarter ended September 30, 2021, Lightspeed saw GTV grow to $18.8 billion while achieving record revenue of $133.2 million and Customer Locations of approximately 156,000. After the quarter, the Company advanced on several strategic initiatives including closing the acquisition of Ecwid launching Lightspeed Restaurant, the new flagship hospitality platform and announcing the availability of Lightspeed Payments to thousands of new hospitality merchants in Australia as well as for U.S. In addition, the Company completed a successful financing raising gross proceeds of $823.5M and issuing approximately 8.9 million shares. At September 30, 2021, Lightspeed had $1.2 billion in unrestricted cash and cash equivalentsīusiness momentum in the quarter continued with Lightspeed again achieving record highs for quarterly revenue, GTV and Customer Locations. Adjusted EBITDA loss of $(8.7) million, representing (6.5)% of revenue versus (6.2)%.After adjusting for certain items such as acquisition-related costs and stock based compensation, Adjusted Loss was ($11.1) million, or ($0.08) per share, an improvement to (8.3)% of revenue from (10.1)% Net Loss of ($59.1) million as compared to a net loss of ($19.5) million.Transaction-based revenue of $65.0 million, an increase of 320%.Subscription revenue of $59.4 million, an increase of 132%.Total revenue of $133.2 million, an increase of 193%.(All comparisons are relative to the three-month period ended September 30, 2020 unless otherwise stated):
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