Lightspeed Commerce Highlights Integrated Business Model and Compelling Growth Opportunities at Inaugural Capital Markets Day
MONTREAL, Nov. 24, 2021 /CNW/ - Lightspeed Commerce Inc. ("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, held its inaugural Capital Markets Day on November 23rd, to provide an update on the Company's products, markets and vision for the future.
"Coming off our recent second quarter results, marked by strong organic growth, expansion of our Lightspeed Payments platform and successful ongoing integration efforts, Lightspeed continues empowering independent businesses through commerce and advancing our track record of innovative cloud solutions," said Dax Dasilva, Founder and CEO of Lightspeed. "Lightspeed is quickly becoming the one-stop commerce platform for independent merchants in over 100 countries. I'm excited to build upon our history of transformative innovation at an accelerated pace in 2022 as we bring our Retail, Hospitality, Golf and Financial Services businesses to even more customers around the world."
Yesterday's event, hosted at the New York Stock Exchange, featured the following highlights of Lightspeed's business and vision for future expansion:
Lightspeed President JP Chauvet said, "Leveraging our strong customer footprint, Lightspeed has an enviable runway of growth ahead in a large and evolving market. Our differentiated cloud commerce system uniquely positions Lightspeed to continue driving merchant value. As we look to become the world's leading omnichannel platform in our target verticals, we believe we can redeine commerce by uniting merchant, supplier and consumer services."
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Powering the businesses that are the backbone of the global economy, Lightspeed's one-stop commerce platform helps merchants innovate to simplify, scale and provide exceptional customer experiences. Our cloud commerce solution transforms and unifies online and physical operations, multichannel sales, expansion to new locations, global payments, financial solutions and connection to supplier networks.
Founded in Montréal, Canada in 2005, Lightspeed is dual-listed on the New York Stock Exchange (NYSE: LSPD) and Toronto Stock Exchange (TSX: LSPD). With teams across North America, Europe and Asia Pacific, the company serves retail, hospitality and golf businesses in over 100 countries.
For more information, see www.lightspeedhq.com
This news release contains "forward-looking information" and "forward-looking statements" (collectively, "forward-looking information") within the meaning of applicable securities laws. Forward looking information may relate to our financial outlook and anticipated events or results and may include information regarding our financial position, business strategy, growth strategies, addressable markets, budgets, operations, financial results, taxes, dividend policy, plans and objectives. Particularly, information regarding our expectations of future results, performance, achievements, prospects or opportunities or the markets in which we operate, the achievement of advances in and expansion of our platform, expectations regarding our revenue and the revenue generation potential of our payment-related and other solutions, expectations regarding our future profitability, our expected acquisition outcomes and synergies, and the future impact of the COVID-19 pandemic is forward-looking information.
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SOURCE Lightspeed Commerce Inc.
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