LSPD - Lightspeed Hits Speedbump As International Growth Picture Sours (Downgrade)
2024-02-15 12:04:42 ET
Summary
- Lightspeed Commerce Inc. went public in 2020 in the U.S. at $30.50 per share.
- The global point-of-sale market is expected to grow at a CAGR of 8.3% from 2023 to 2030, with the software market growing at a higher rate of 15.1%.
- Lightspeed's financial trends show growth in revenue but continued negative operating income and slow progress towards breakeven.
- With poor international macroeconomic growth prospects, Lightspeed Commerce faces an uphill slog to reduce operating losses amid high cash use.
- My outlook on Lightspeed Commerce Inc. is Bearish [Sell].
Investment Outlook
Lightspeed Commerce Inc. ( LSPD ) went public in the U.S. in 2020, selling its subordinate voting shares for $30.50....
Lightspeed Hits Speedbump As International Growth Picture Sours (Downgrade)