with fellow Canadian commerce software company Shopify Inc. Back then Lightspeed was a stock market darling worth US$10-billion-plus.
On Thursday, investors will get the latest look at how Lightspeed is delivering on promises Mr. Chauvet has made for this fiscal year in hope of bringing favor back to his stock. Lightspeed will deliver earnings for the second quarter ended Sept. 30, a period Mr. Chauvet described as one of “heads-down execution”
The third is to shift Lightspeed’s focus to serving larger customers such as restaurant groups that generate US$500,000 or more in billing volumes per year. That complement grew by 10 per cent year-over-year in the last quarter. Those larger customers generate more revenues for Lightspeed and are less vulnerable to softer economic conditions than smaller customers.
Even if Lightspeed can deliver on its three promises it’s no sure thing investors will reward the company right away. Stocks have been hit by mounting uncertainty. And Lightspeed’s numbers will be noisy for a while as its overall merchant count is expected to decline for several quarters.