In the Spotlight – Lightspeed POS (TSX: LSPD)

Lightspeed POS Inc. is a Montreal based, software as a service (SaaS) company that offers cloud-based business solutions for small and medium-sized businesses (SMBs). The Lightspeed platform offers its subscribers, primarily in the retail and hospitality industries, the ability to create customized omnichannel marketing strategies, manage daily operations, and accept payments. The platform is innovative, scalable, and structured to capitalize on the massive shift in how SMB’s will manage their businesses in the future. LSPD has seen impressive year-over-year growth in gross total revenues (GTR), with $57.1 million GTR in 2018 , $77.5 million in 2019 (+36% year-over-year), and $120.6 million in 2020 (+56% year-over-year).


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By William Mitchell

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