Lightspeed POS Inc. (LSPD) shares gained 10.80% in after-hours on Monday, July 19, 2021, and closed at $86.00. Earlier in the morning session, LSPD’s stock lost 0.86% to close Monday’s morning session at $77.62. The stock volume remained 0.64 million shares, which was lower than the average daily volume of 0.85 million shares within the past 50 days. LSPD shares have risen 212.74% over the last 12 months, and they have moved down 7.84% in the past week. Over the past three months, the stock has gained 20.36%, while over the past six months, it has lost 10.43%.
Let’s have a look at its recent news and development.
COVID-19 Impact on North American LGBTQ+ Businesses
On July 12, 2021, Lightspeed announced the results of a study on the impacts of COVID-19 on the LGBTQ+ North American business community.
The recent survey by Lightspeed revealed that 16.81% of its global employees identify as LGBTQ+ and 9 out of 10 reported that they feel comfortable talking about their culture and background with their colleagues. 83% of survey respondents feel they can be their authentic selves in the workplace.
Upcoming financial results announcement
Lightspeed will report first-quarter 2022 financial results before the market open on Thursday, August 5th, 2021. Management will host a conference call and webcast to discuss the Company’s financial results at 8:00 am ET on Thursday, August 5th, 2021.
Update about Acquisition of NuORDER
On July 2, 2021, Lightspeed closed the previously reported acquisition of NuORDER. Lightspeed finalized the acquisition for cash consideration of approximately $206.9 million, net of cash acquired, and the issuance of 2,143,393 subordinate voting shares in the capital of Lightspeed at closing. An additional 500,629 subordinate voting shares in the capital of Lightspeed will be issued to certain NuORDER employees over the next three years, depending on the achievement of certain milestones.
Ascent360 integration with Lightspeed app
On June 24, 2021, Ascent360 integrated with Lightspeed in the app store that will bring point-of-sale and e-commerce data to life. The power of these combined solutions will allow retailers to ingest critical customer data, segment customers, and send personalized omnichannel messages that help engage and retain shoppers.
The data that companies are already collecting can be ingested and cleansed to create a clearer view of customer behavior by combining a unique suite of tools.
Conclusion
There is no recent news or development about LSPD which could be the reason behind its gains in the after-market on Monday. We hope that it will continue its positive momentum in the coming days.
