Fiscal Year Recap and Look Ahead: “It’s our customers’ time to shine”

This morning, I had the pleasure of briefing analysts, the media and our investors on the financial results of my first quarter as Lightspeed’s CEO. I’m thrilled to share that in the last fiscal year we’ve grown total revenue to $548.4 million, an increase of 147%. To see our full earnings analysis, you can read the press release here.?

While much has changed these past two years, Lightspeed’s mission has not. In fact, I believe it is more vital today than it has ever been: we ignite local businesses around the world, providing the technology that levels the playing field so they can thrive and compete. It’s these independent retailers and restaurants that create that spark–the identity of our favorite cities and communities in which we live and love to visit.?

During the pandemic, our customers relied on us to take their business online, as stores and restaurants were forced to close their doors. With the world reopening, merchants are seeking our help once again, so that they can serve their customers wherever they are: online, in person or on-the-go. According to our 2022 survey of over 7,200 owners, operators, managers, and retail consumers across North America and Europe, we know that consumer behavior has fundamentally evolved. Omnichannel strategies are no longer optional. And while there’s uncertainty with consumer spending in light of inflation concerns and rising interest rates, Lightspeed will be there to support businesses in streamlining their operations, cutting costs, reducing complexity, and ultimately, rising to the occasion.

This past quarter we welcomed many new businesses to the Lightspeed family, such as Table, a two Michelin starred restaurant in Paris, Hawaiian Poke Bowl with over 27 locations and Goldy’s Locker Room with over 21 locations, along with our new partner and France’s largest telecom company, Orange France. While all these businesses have different needs, goals, and client bases, they’ve all joined us because they know that we are able to provide them with the flexibility and cutting-edge tools they need to serve their customers and modernize their business.

Read more about my first quarter as CEO here.