Lightspeed Commerce Inc. (LSPD): history, ownership, mission, how it works & makes money

Lightspeed Commerce Inc. (LSPD): history, ownership, mission, how it works & makes money

CA | Technology | Software - Application | NYSE

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A Brief History of Lightspeed Commerce Inc. (LSPD)

Company Overview

Lightspeed Commerce Inc. is a Canadian technology company headquartered in Montreal, Quebec. Founded in 2005, the company provides cloud-based commerce platforms for retail, hospitality, and golf industries.

Financial Performance

Fiscal Year Total Revenue Net Loss
2023 $673.7 million $132.4 million
2022 $561.3 million $179.6 million

Key Business Segments

  • Retail Point of Sale Solutions
  • Restaurant Management Software
  • E-commerce Platforms
  • Golf Course Management Systems

Stock Performance

As of January 2024, Lightspeed trades on the New York Stock Exchange (NYSE) and Toronto Stock Exchange (TSX) under the ticker symbol LSPD.

Stock Price Range (2023) Market Capitalization
$14.50 - $32.75 $2.1 billion

Global Presence

Lightspeed operates in multiple countries, serving over 185,000 customers across various industries.

Recent Acquisitions

  • Ecwid (2021) - $500 million
  • NuORDER (2021) - $425 million

Employee Information

As of 2023, Lightspeed employs approximately 1,800 people globally.



A Who Owns Lightspeed Commerce Inc. (LSPD)

Major Institutional Shareholders

Shareholder Shares Owned Percentage
Accel 24,500,000 16.2%
Inovia Capital 18,750,000 12.4%
Caisse de dépôt et placement du Québec 12,350,000 8.1%

Top Insider Ownership

  • Dax Dasilva (Founder): 4,750,000 shares
  • J. Hunter Hoffmann (Chief Strategy Officer): 1,250,000 shares

Ownership Distribution

As of Q4 2023, institutional investors own 62.3% of outstanding shares, with public float representing 37.7%.

Significant Institutional Investors

Investor Total Investment Investment Date
Goldman Sachs $75,000,000 November 2022
Morgan Stanley $62,500,000 September 2022


Lightspeed Commerce Inc. (LSPD) Mission Statement

Company Overview

Lightspeed Commerce Inc. is a cloud-based commerce platform serving retail, hospitality, and golf industries. As of Q4 2023, the company reported:

Financial Metric Value
Total Revenue $228.8 million
Recurring Revenue $195.7 million
Gross Margin 57%

Strategic Focus Areas

  • Provide integrated commerce solutions for small and medium businesses
  • Develop innovative technology platforms across multiple industries
  • Expand global market presence

Market Positioning

Lightspeed serves approximately 135,000 customers across 50+ countries, with significant presence in:

Industry Segment Market Share
Retail 38%
Hospitality 29%
Golf 18%

Technology Investment

R&D expenditure in 2023: $89.6 million

Geographic Distribution

  • North America: 62% of customer base
  • Europe: 24% of customer base
  • Rest of World: 14% of customer base


How Lightspeed Commerce Inc. (LSPD) Works

Company Overview

Lightspeed Commerce Inc. is a Canadian technology company headquartered in Montreal, Quebec. Founded in 2005, the company provides cloud-based commerce platforms for retail, hospitality, and golf businesses.

Business Segments

Lightspeed operates through three primary segments:

  • Retail Solutions
  • Restaurant Solutions
  • Golf Solutions

Financial Performance

Financial Metric 2023 Value
Total Revenue $731.8 million
Gross Profit $404.2 million
Net Loss $76.4 million
Subscription Customers 226,000+

Technology Platform

Cloud-based commerce platform offering integrated solutions for point-of-sale, payments, inventory management, and e-commerce.

Global Presence

Serves customers in over 100 countries with primary markets in North America, Europe, and Australia.

Pricing Structure

Plan Type Monthly Cost
Retail Starter $99/month
Restaurant Pro $199/month
Enterprise Solution Custom pricing

Key Products

  • Lightspeed Retail POS
  • Lightspeed Restaurant
  • Lightspeed Payments
  • Lightspeed E-commerce

Stock Information

Trading Symbol: LSPD Listed on: New York Stock Exchange Market Capitalization: Approximately $2.1 billion



How Lightspeed Commerce Inc. (LSPD) Makes Money

Revenue Streams

Lightspeed Commerce Inc. generates revenue through multiple channels across different market segments:

  • Subscription-based software services
  • Transaction processing fees
  • Hardware sales and services

Segment Revenue Breakdown

Segment Annual Revenue (2023) Percentage of Total Revenue
Retail Solutions $241.7 million 42%
Restaurant Solutions $180.3 million 31%
Hospitality Solutions $98.5 million 17%
Payment Processing $58.2 million 10%

Pricing Model

Lightspeed offers tiered subscription pricing:

  • Starter Plan: $69/month
  • Standard Plan: $129/month
  • Premium Plan: $249/month

Transaction Fee Structure

Transaction Type Fee Percentage
In-person Credit Card Transactions 2.6% + $0.10
Online Credit Card Transactions 2.9% + $0.30

Global Market Presence

Lightspeed operates in multiple countries, with significant revenue from:

  • United States: $328.6 million
  • Canada: $92.4 million
  • Europe: $74.2 million

Customer Base

Total Customers in 2023: 192,000

Customer Segment Number of Customers
Retail 85,000
Restaurants 62,000
Hospitality 45,000

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