It boasts a solid balance sheet and is thriving in a fast-growing sector. Lightspeed has posted solid revenue growth in recent quarters. It also anticipates an adjusted EBITDA loss between $12-14 million. The omnichannel commerce software provider is a favourite TSX tech stock among retail investors right now. Lightspeed is projecting revenue between $68-70 million in the fourth quarter of fiscal 2021. Lightspeed POS’s (TSX:LSPD) stock price has made a strong 260 recovery from all-time lows recorded during the height of the coronavirus market crash of March 2020. The acquisitions of ShopKeep and Upserve will bolster Lightspeed’s position in providing cloud-based commerce platforms to small and mid-sized businesses. The S&P/TSX is a major stock market index that tracks the performance. The company closed two important acquisitions in the third quarter. Lightspeed POS, 18.93, 0.66, 3.61, -28.73, 2.04B, Oct/04. This included GTV e-commerce growth of roughly 100%. The company reported gross transaction value (GTV) of $9.1 billion in Q3 FY2021 – up 48% from the prior year. Meanwhile, customer locations reached nearly 115,000 globally. Revenue rose 79% from the prior year to $57.6 million. Lightspeed released its third quarter fiscal 2021 results on February 4. However, the stock has soared nearly 300% in the year-over-year period. Its shares have dipped 12% in 2021 as of late afternoon trading on March 30. This Montreal-based company provides commerce enabling Software as a Service (Saas) platform for small and medium-sized businesses. Lightspeed POS (TSX:LSPD)(NYSE:LSPD) is my preferred target today. Shopify has dominated headlines in Canada and its stock has been explosive since its 2015 IPO. This trend is poised to continue in 2021. According to data from Finaria, the pandemic increased the number of digital commerce users around the world by 9.5%. Lightspeed currently has 700 employees spread across eight locations in Canada, the U.S., Europe and Australia, and has customers in 100 countries around the world.The e-commerce space has erupted during the COVID-19 pandemic. "We are very proud to welcome a leading-edge technology company and homegrown Canadian innovation story to our market," TSX's president of capital formation, Loui Anastasopoulos, said in a release.ĭespite going public, the company's dual-share voting structure means that controlling interest in the company will remain with company insiders, including CEO and founder Dax Dasilva. raised about half that much in its 2015 IPO, and that company has since grown to be worth $27 billion. That officially makes the company what's known as a unicorn in start-up circles - a valuation of $1 billion before going public.Īt $240 million, the launch officially makes Lightspeed one of the 10 biggest technology IPOs in the history of the Toronto Stock Exchange. The IPO has sold off just under one fifth of the company for $240 million, giving the company a total value of $1.4 billion. That's because the offering was more popular than anticipated, so they were able to raise their price. The $16 IPO price is higher than the range of $13 to $15 the company had given as an expected range when it announced its plans to go public last month. Powering the worlds best businesses, Lightspeed is the unified POS and. The shares were trading at just over $20 each near midday, with more than 5 million shares changing hands, and closing at $18.90. Stock Price, News, Quote and Profile of LIGHTSPEED COMMERCE INC(TSX:LSPD) stock. Friday is the first day the general public can buy the shares on the stock market, and they are eagerly bidding them up in early trading. It raised $240 million in an initial public offering on Thursday, selling 15 million shares for $16 each. Montreal's Lightspeed helps retailers manage in digital age.
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