An announcement from Lightspeed POS Inc ( (TSE:LSPD) ) is now available.
Lightspeed Commerce Inc. has revised its fiscal 2025 financial outlook due to deteriorating macroeconomic conditions, including inflationary pressures and weakened consumer confidence, which have impacted consumer spending and small business optimism. The company now expects a year-over-year revenue growth of approximately 18%, down from the previously anticipated 20%, primarily due to pressure on transaction-based revenue. Despite these challenges, Lightspeed remains committed to profitable growth, cost management, and executing its core strengths. The company will present its three-year strategy at the upcoming Capital Markets Day.
More about Lightspeed POS Inc
Lightspeed Commerce Inc. operates in the commerce platform industry, providing merchants with comprehensive omnichannel solutions. The company focuses on empowering businesses through innovative commerce solutions, enhancing merchant capabilities, and driving long-term stakeholder value.
YTD Price Performance: -32.80%
Average Trading Volume: 666,922
Technical Sentiment Signal: Buy
Current Market Cap: C$2.33B
For an in-depth examination of LSPD stock, go to TipRanks’ Stock Analysis page.
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