Lightspeed stock sinks as investors brace for restructuring charges [Yahoo! Finance Canada]
Lightspeed Commerce Inc. Subordinate Voting Shares (LSPD)
Company Research
Source: Yahoo! Finance Canada
vendor announced it will cut about 200 workers in pursuit of profitable growth. Chief executive officer Dax Dasilva says the move builds upon priorities set out on Lightspeed's Nov. 7 earnings call. The Montreal-based company warned investors on Monday to expect an unspecified sum of restructuring charges in its upcoming financial results for the fiscal third quarter of 2025. "The resulting savings [are] being redeployed across other areas of Lightspeed's business," the company said on Monday. Lightspeed did not detail which employees or business segments will be impacted. In April, Lightspeed eliminated 280 jobs under a reorganization and cost-cutting plan, a 10 per cent reduction to its headcount. Toronto-listed shares fell as much as six per cent in early trading. The stock is down about five per cent year-to-date. Lightspeed Commerce Inc. (LSPD.TO) "Since I returned as CEO, Lightspeed has been working harder to deliver on its profitable growth strategy,” Dasilva stated i
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News
- 2 Growth Stocks Wall Street Might Be Sleeping On, But I'm Not [Yahoo! Finance Canada]Yahoo! Finance Canada
- Mandatory Partners with NuORDER by Lightspeed to Redefine Market Connections, Announces Digital Trade Show EventBusiness Wire
- Lightspeed Commerce Inc.'s (TSE:LSPD) latest 5.6% decline adds to one-year losses, institutional investors may consider drastic measures [Yahoo! Finance]Yahoo! Finance
- Lightspeed Enhances Workforce Management Integration With Homebase [Yahoo! Finance]Yahoo! Finance
- Lightspeed Enhances Workforce Management Integration With Homebase [Globe and Mail, The (Toronto, Canada)]Globe and Mail, The
LSPD
Sec Filings
- 12/9/24 - Form 144
- 12/2/24 - Form 6-K
- 11/29/24 - Form 6-K
- LSPD's page on the SEC website