The company began offering payments services to customers in Australia and Europe this year analysts estimate the company, which booked US$221.7-million in revenue last year, could add hundreds of millions of dollars annually if it gets payments adoption penetration near 50 per cent, like Shopify. In addition, just 10 per cent of Lightspeed’s customers have adopted the payments processing service it started offering in 2019 – but it’s the fastest-growing part of the business. “We believe Lightspeed shares are attractive and should be purchased,” analyst Todd Coupland of CIBC World Markets said in a note.Īnalysts have hiked their earnings estimates and share price targets for three reasons: In countries such as Germany and the United States that have started opening up as pandemic, the restaurant business – a key Lightspeed segment – has rebounded. Revenues are expected to top US$470-million for the year. Analysts expect revenues for the period ended June 30 to reach US$92.8-million, up 156 per cent year-over-year thanks to acquisitions and brisk organic growth. With Lightspeed set to report first-quarter earnings Thursday, the Street’s outlook on the company, which has yet to post a profit, has never been more optimistic. The two companies have “two of the best-positioned platforms” to benefit from the intersection of online-commerce enablement software and financial services, Credit Suisse analyst Timothy Chiodo wrote in a recent report. Both companies have momentum, a lot of fans and a lot of room to grow in a vast market. While the two are rivals, the battle is likely to shape up for now as more of a beauty pageant than a war. “We’ve now equipped ourselves with a platform that can compete directly with Shopify,” within the customer segments that matter for Lightspeed, Mr. That moment appears to be drawing closer: In June, Lightspeed spent US$500-million for Ecwid, a San Diego e-commerce platform provider with 130,000 merchant customers and the capability to let them sell through social-media sites and online marketplaces. Lightspeed POS ‘heading directly for Shopify’ with latest acquisition spree Whether it’s audit, consultancy, Magento, Paid Marketing or ongoing support you need, Smartebusiness can help you grow.Lightspeed surges past forecasts as Montreal commerce-software provider benefits from reopening economies Our clients consistently tell us that we’re not like any agency they have ever sat with and meeting Smartebusiness was an absolute game changer for them, finally meeting an agency that truly understands the metrics for ecommerce growth, and has a formula to make it happen. We know that if you do well we do well and so we consider it less of a supplier/client relationship than that of a business partnership. With a team of over 30 Shopify specialists, we’re passionate about putting ourselves in our customers shoes, and helping to build their business. Smartebusiness have been ecommerce specialists for over 15 years. We’re truly growth focused, with our own ecommerce growth KPI dashboard driving every decision we make to scale businesses. Our team is built from ex retailers that have all been on the front line growing ecommerce businesses. We don’t work like any other agency out there, and being different works.
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