Lightspeed Plans $400M Share Buyback Amid Q3 Losses, Focuses on Retail Growth

Lightspeed Commerce Inc. has completed its strategic review, deciding to remain a public company and pursue a comprehensive transformation plan aimed at maximizing shareholder value. The decision follows speculation of a potential sale, with the board unanimously concluding that focusing on growth in North American retail and European hospitality is the best path forward. In its latest financial results, Lightspeed reported a revenue increase to $280.1 million, with a net loss of $26.6 million for the quarter. The company also announced a $400 million share repurchase program and emphasized its commitment to profitable growth. CEO Dax Dasilva highlighted that enhancing the go-to-market strategy and expanding service locations are key components of their plan. A Capital Markets Day is scheduled for March 26 to further outline the transformation and its anticipated impacts.