Lightspeed reports Q2 adjusted EPS 4c, consensus 0c

Reports Q2 revenue $230.3M, consensus $214.09M. “Our strategy of focusing on two flagship products and rolling out Unified Payments is working and translating into strong performance,” said Asha Bakshani, CFO. “In the quarter, we were able to accelerate both revenue and gross profit growth while maintaining operating discipline to drive the Company’s first ever positive Adjusted EBITDA”. “Our Unified Payments initiative is proving to be a resounding success. We on-boarded a record number of payments customers in the quarter and are seeing lower than anticipated churn,” said JP Chauvet, CEO. “The delivery of industry leading products on impressive timelines is validation that our M&A strategy of acquiring and quickly integrating best-in-class companies has been a success. We are now in a position of strength and will focus on growing our business, helping our customers, completing our vision and delivering value to our shareholders.”