Three months after Dax Dasilva returned to the helm of
The
Dasilva stepped back into the CEO job on an interim basis in February after JP Chauvet left the company. Chauvet joined
"We're in this new phase and it's all new challenges," Dasilva said in an interview Thursday.
"We're doing some of the things that shareholders want to see, including myself."
Those efforts centre around three objectives: accelerating software revenue growth, advancing the adopting of
To improve software revenue growth, Dasilva said the company would invest in product innovation, redeploy account managers to upsell clients and focus on customers that tend to adopt more software.
On the financial services front, the company wants to get more clients using not just its payments technology, but also its capital and instant deposit offerings.
"The entrepreneurs that we support are people at the top of their game. They've got areas that they're dreaming about how they could expand in," Dasilva said, mentioning a music store that used
"The revenue flow in your business [is] very reliable and so we can loan you capital to go into something new."
Banks and other financial partners might not see those revenue flows, impacting how businesses can access capital and pushing more to look toward
Dasilva's final objective is to control costs and find more savings.
He already advanced this goal by laying off 280 staff last month, which the company estimates will lower its operational expenses by 10 per cent in fiscal 2025.
Asked whether layoffs could continue, Dasilva said, "I think there's a lot of opportunity outside of headcount to find efficiency."
Some of that opportunity has come from the company moving its sales summit to a virtual format, but reducing its office footprint and re-examining contracts with partners and vendors might also be fertile territory, he said.
Revenue for the fourth quarter totalled
On an adjusted basis,
The results pushed
"
Over the course of 2025, it believes it will see revenue growth of at least 20 per cent and an adjusted profit of at least
This report by The Canadian Press was first published
Companies in this story: (TSX:LSPD)
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