Stocks in play: Lightspeed Commerce Inc.
Today announced financial results for the three and nine months ended December 31, 2022. Revenue grew 24% YoY to $188.7M (26% growth in constant currency) at the higher end of previously-established outlook. Gross Payments Volume grew 75% YoY to $3.9 billion. Customer Locations processing more than $500,000/year in GTV grew by 15% YoY. Adjusted EBITDA loss significantly ahead of previously-established outlook. Lightspeed remains committed to profitable growth with Adjusted EBITDA break even or better3 in fiscal 2024. Lightspeed Commerce Inc. shares T.LSPD are trading up $1.17 at $26.05.
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