Lightspeed reports Q1 adjusted EPS 6c, consensus13c

Reports Q1 revenue $304.9M, consensus $287.24M. “Lightspeed (LSPD) is winning where it matters – we added high-quality locations, increased ARPU, and delivered solid top-line growth with expanded margins,” said Dax Dasilva, Founder and CEO. “We’re seeing strong impact from our product innovation and go-to-market execution, and our focused strategy is gaining traction and delivering profitable growth”. “Lightspeed had a great start to the year with revenue and gross profit exceeding our previously-established outlook,” said Asha Bakshani, CFO. “Our strong Adjusted EBITDA growth is evidence of the leverage we are seeing in our business model as well as our relentless operating efficiency, allowing us to invest in our business while also delivering higher profitability.”