Lightspeed (LSPD) stock hits new notes impressive 220% revenue growth

Stocks of Lightspeed POS Inc. (TSX: LSPD) rose by 7.13 per cent to close at C$ 199.89 apiece on August 5, after the tech company announced their quarterly results. The stock advanced by over 187 per cent in the last one year.

Lightspeed (LSPD) stock seems to be off to a fresh start after it emerged as one of the top one-stop payment platform and a technology choice for retailers and restaurateurs in North America, tapping into over 150,000 customer locations.

Along with its presence in the retail segment, the company has also diversified into the hospitality sector. The management commented that this witnessed demands from both software and payment solutions and robust customer business recovery added to the story.

LSPD Stock Performance

Lightspeed is a software-as-a-service (SaaS) enabled platform that provides a payment gateway to retail and institutional customers.

The C$ 16.03-billion company has 133.73 million outstanding shares. The stock price is trading nearly 220 per cent above its 52-week low of C$ 37.50, which it recorded on August 06, 2020.

The stock price rocketed up nearly 127 per cent over the last nine months and 33 per cent year-to-date (YTD).

On the valuation front, the company stands with a price-to-book (P/B) ratio of 6.61 and debt-to-equity (D/E) ratio of 0.03. 

LSPD Financials & Growth

The quarterly report highlights total revenue of US$ 115.9 million in Q1 FY2022, an increase of 220 per cent year-over-year (YoY). The increase in total revenue was a result of organic growth and key acquisitions, which contributed US$ 50.5 to the total revenue.

The quarter was driven by subscription lead growth of 218 per cent YoY and transaction-based revenue grew by 78 per cent YoY.  The recurring subscription revenue shot up by 115 per cent to US$ 49.9 million.

The fintech company recorded a 44 per cent YoY increase in average revenue per unit (ARPU) to US$ 230.

The firm posted an adjusted EBITDA  loss of US$ 6 million and incurred a net loss of US$ 49.3 million in Q1 FY2022, which increased from US$ 20.1 million in Q1 FY2021.

Lightspeed announced the partnership with OpenTable, the world’s leading provider of online reservations, in the quater. Through this collaboration, the firm aims to enhance customer experience to restaurant guests.

The company also expanded its payments services in Germany, France, Belgium, Switzerland, and the Netherlands.

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