Lightspeed reports Q2 adjusted EPS 13c, consensus 11c

Reports Q2 revenue $277.2M, consensus $274.08M. “I am proud to announce that on a trailing twelve month basis, Lightspeed (LSPD) now exceeds $1 billion in revenue. And we continued our rapid pace of product innovation, releasing dozens of new features in the quarter aimed at helping complex, high-volume SMBs to manage and grow their businesses,” said Dax Dasilva, Founder and CEO. “Our differentiated product offerings have enabled us to develop a strong competitive position, particularly for retail in North America and hospitality in Europe. These are areas where we have a proven right to win and where we will be prioritizing our efforts in the future.” “Our initiatives aimed at expanding payments adoption and controlling costs are working, with Lightspeed delivering record Adjusted EBITDA and positive Adjusted Free Cash Flow,” said Asha Bakshani, CFO. “While continuing to invest in product and go-to-market to help fuel software growth, we also remain focused on continuing to improve Adjusted EBITDA which we now expect to come in at a minimum of $50 million in Fiscal 2025.”