Cash flow Lightspeed Commerce Inc.

Equities

LSPD

CA53229C1077

Software

Market Closed - Toronto S.E. Other stock markets 04:00:00 2024-12-02 pm EST			5-day change	1st Jan Change
24.09 ^CAD	-8.23%		-3.64%	-13.41%

06:46pm	National Bank on Lightspeed Reorganization	MT
06:24pm	Toronto Stocks Pull Back; Lightspeed Commerce Shares Fall on Layoff Plans	DJ

13ffa1.pR3tRBrrOiF1SqJwV9Hq6E2D1H6ZJUaAgHRd5k9dTts.yFWaDGykTH4ePeUlD5nZ2SPmoDH8YTPk1jtkiQY6BujGbYwtS4ZxZlhy4w

Published financial data: LIGHTSPEED COMMERCE INC.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: March	2020	2021	2022	2023	2024
Revenues	121M	222M	548M	731M	909M
Total Revenues	121M	222M	548M	731M	909M
Cost of Goods Sold, Total	43.2M	95.43M	277M	399M	524M
Gross Profit	77.44M	126M	271M	332M	385M
Selling General & Admin Expenses, Total	79.87M	143M	301M	349M	328M
R&D Expenses	31.81M	57.39M	121M	140M	129M
Depreciation & Amortization - (IS)	4.24M	6.36M	12.74M	13.72M	14.58M
Amortization of Goodwill and Intangible Assets - (IS)	9.23M	30.13M	91.81M	102M	95.05M
Other Operating Expenses, Total	125M	237M	526M	605M	567M
Operating Income	-47.72M	-111M	-255M	-273M	-182M
Interest Expense, Total	-852K	-2.9M	-2.87M	-2.05M	-1.43M
Interest And Investment Income	2.62M	2.54M	5.86M	26.87M	43.96M
Net Interest Expenses	1.77M	-353K	2.99M	24.81M	42.53M
Currency Exchange Gains (Loss)	395K	-2.1M	-611K	199K	-882K
Other Non Operating Income (Expenses)	-	-	-	-	-
EBT, Excl. Unusual Items	-45.55M	-113M	-253M	-248M	-140M
Restructuring Charges	-	-1.76M	-803K	-28.68M	-7.21M
Merger & Related Restructuring Charges	-11.09M	-11.81M	-50.49M	-41.79M	-3.1M
Impairment of Goodwill	-	-	-	-749M	-
Legal Settlements	-	-	-1.66M	-1.41M	-7.47M
Other Unusual Items	-	-3.5M	-9.65M	-5.8M	-2.21M
EBT, Incl. Unusual Items	-56.64M	-130M	-315M	-1.07B	-160M
Income Tax Expense	-3.11M	-5.79M	-26.92M	-4.22M	3.48M
Earnings From Continuing Operations	-53.53M	-124M	-288M	-1.07B	-164M
Net Income to Company	-53.53M	-124M	-288M	-1.07B	-164M
Net Income - (IS)	-53.53M	-124M	-288M	-1.07B	-164M
Net Income to Common Incl Extra Items	-53.53M	-124M	-288M	-1.07B	-164M
Net Income to Common Excl. Extra Items	-53.53M	-124M	-288M	-1.07B	-164M
Per Share Items
Net EPS - Basic	-0.62	-1.18	-2.04	-7.11	-1.07
Basic EPS - Continuing Operations	-0.62	-1.18	-2.04	-7.11	-1.07
Basic Weighted Average Shares Outstanding	85.89M	105M	142M	150M	154M
Net EPS - Diluted	-0.62	-1.18	-2.04	-7.11	-1.07
Diluted EPS - Continuing Operations	-0.62	-1.18	-2.04	-7.11	-1.07
Diluted Weighted Average Shares Outstanding	85.89M	105M	142M	150M	154M
Normalized Basic EPS	-0.33	-0.67	-1.12	-1.03	-0.57
Normalized Diluted EPS	-0.33	-0.67	-1.12	-1.03	-0.57
Supplemental Items
EBITDA	-41.36M	-88.19M	-195M	-209M	-117M
EBITA	-43.11M	-90.67M	-200M	-214M	-124M
EBIT	-47.72M	-111M	-255M	-273M	-182M
EBITDAR	-39.59M	-86.19M	-192M	-206M	-114M
Total Revenues (As Reported)	-	-	548M	-	-
Effective Tax Rate - (Ratio)	5.49	4.45	8.54	0.39	-2.17
Total Current Taxes	49K	166K	1.1M	2.47M	3.8M
Deferred Domestic Taxes	-957K	-55K	-11K	-	-
Deferred Foreign Taxes	-2.2M	-5.9M	-28.01M	-	-
Total Deferred Taxes	-3.16M	-5.96M	-28.02M	-6.69M	-323K
Normalized Net Income	-28.47M	-70.63M	-158M	-155M	-87.81M
Interest on Long-Term Debt	852K	1.05M	1.2M	1.08M	1.21M
Supplemental Operating Expense Items
Selling and Marketing Expenses	55.39M	98.85M	215M	250M	234M
General and Administrative Expenses	24.49M	44.14M	85.16M	99.43M	94.06M
Research And Development Expense From Footnotes	39.39M	65.03M	158M	183M	172M
Net Rental Expense, Total	1.77M	2M	3.46M	2.72M	2.69M
Imputed Operating Lease Interest Expense	-	909K	1.37M	1.04M	1.27M
Imputed Operating Lease Depreciation	-	1.09M	2.09M	1.67M	1.42M
Stock-Based Comp., COGS (Total)	-	-	-	-	-
Stock-Based Comp., R&D Exp. (Total)	-	-	-	-	-
Stock-Based Comp., S&M Exp. (Total)	-	-	-	-	-
Stock-Based Comp., G&A Exp. (Total)	-	-	-	-	-
Stock-Based Comp., Other (Total)	8.87M	33.86M	154M	169M	78.73M
Total Stock-Based Compensation	8.87M	33.86M	154M	169M	78.73M

Fiscal Period: March	2020	2021	2022	2023	2024
Assets
Cash And Equivalents	211M	807M	954M	800M	722M
Total Cash And Short Term Investments	211M	807M	954M	800M	722M
Accounts Receivable, Total	4.84M	11.96M	19.85M	42.37M	55.38M
Other Receivables	6.04M	10.5M	19.62M	21.81M	19.21M
Total Receivables	10.88M	22.46M	39.47M	64.17M	74.58M
Inventory	932K	1.57M	7.54M	12.84M	16.49M
Prepaid Expenses	4.05M	10.46M	20.48M	14.15M	14.1M
Restricted Cash	1.83M	7.75M	1.53M	1.37M	1.58M
Other Current Assets, Total	4.55M	8.27M	19.83M	41.65M	89.04M
Total Current Assets	233M	858M	1.04B	934M	918M
Gross Property Plant And Equipment	33.42M	44.9M	64.04M	67.7M	71.44M
Accumulated Depreciation	-9.47M	-15.35M	-22.04M	-27.24M	-33.87M
Net Property Plant And Equipment	23.95M	29.55M	42M	40.46M	37.57M
Long-term Investments	-	-	-	1.52M	-
Goodwill	147M	972M	2.1B	1.35B	1.35B
Other Intangibles, Total	62.82M	234M	410M	311M	227M
Accounts Receivable Long-Term	-	-	5.59M	10.69M	21.1M
Deferred Tax Assets Long-Term	109K	170K	154K	301K	552K
Deferred Charges Long-Term	2.9M	5.23M	9.6M	15.15M	18.16M
Other Long-Term Assets, Total	8.85M	6.27M	6.2M	4.18M	3.6M
Total Assets	478M	2.11B	3.62B	2.67B	2.58B
Liabilities
Accounts Payable, Total	12.32M	22.08M	39.24M	36.96M	33.5M
Accrued Expenses, Total	10.7M	26.1M	28.83M	29.13M	32.05M
Current Portion of Leases	3.3M	5.12M	7.63M	6.62M	6.94M
Current Income Taxes Payable	76K	114K	6.72M	6.92M	1.71M
Unearned Revenue Current, Total	36.62M	43.12M	65.19M	68.09M	67.34M
Other Current Liabilities	7.79M	16.87M	10.23M	2.74M	3.13M
Total Current Liabilities	70.81M	113M	158M	150M	145M
Long-Term Debt	29.69M	29.77M	29.84M	-	-
Long-Term Leases	13.55M	20.56M	23.04M	18.57M	16.27M
Unearned Revenue Non Current	5.47M	2.8M	2.12M	1.23M	851K
Deferred Tax Liability Non Current	6.58M	1.36M	6.83M	-	-
Other Non Current Liabilities	8.2M	3.15M	1.01M	1.03M	967K
Total Liabilities	134M	171M	221M	171M	163M
Common Stock, Total	852M	2.53B	4.2B	4.3B	4.36B
Additional Paid In Capital	11.77M	35.88M	124M	198M	214M
Retained Earnings	-513M	-638M	-926M	-2B	-2.16B
Comprehensive Income and Other	-6.27M	9.72M	2.68M	-3.06M	-4.04M
Total Common Equity	344M	1.93B	3.4B	2.5B	2.41B
Total Equity	344M	1.93B	3.4B	2.5B	2.41B
Total Liabilities And Equity	478M	2.11B	3.62B	2.67B	2.58B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	92.23M	131M	149M	151M	154M
ECS Total Common Shares Outstanding	92.21M	129M	149M	151M	154M
Book Value / Share	3.73	15.05	22.87	16.52	15.71
Tangible Book Value	135M	728M	885M	835M	836M
Tangible Book Value Per Share	1.46	5.66	5.96	5.53	5.45
Total Debt	46.53M	55.45M	60.51M	25.19M	23.21M
Net Debt	-164M	-752M	-893M	-775M	-699M
Debt Equivalent Oper. Leases	14.16M	16M	27.64M	21.73M	21.51M
Account Code - Inventory Valuation	6	6	6	6	6
Inventories - Finished Goods, Total	932K	1.57M	7.54M	12.84M	16.49M
Machinery, Total	8.27M	10.4M	13.49M	13.71M	17.42M
Full Time Employees	1.1K	1.8K	-	3K	-
Part Time Employees	-	-	-	-	-
Accumulated Allowance for Doubtful Accounts (Supple)	2.88M	3.52M	3.04M	4.13M	5.06M

Fiscal Period: March	2020	2021	2022	2023	2024
Net Income	-53.53M	-124M	-288M	-1.07B	-164M
Depreciation & Amortization - CF	4.24M	6.36M	12.74M	13.72M	14.58M
Amortization of Goodwill and Intangible Assets - (CF)	4.6M	19.89M	55.11M	58.75M	58.63M
Depreciation & Amortization, Total	8.85M	26.24M	67.85M	72.47M	73.21M
Amortization of Deferred Charges, Total - (CF)	4.62M	10.24M	36.7M	42.8M	36.42M
(Gain) Loss From Sale Of Asset	-	-	-	-	-
Asset Writedown & Restructuring Costs	-	-	-	749M	-
Stock-Based Compensation (CF)	8.87M	33.86M	109M	129M	74.91M
Other Operating Activities, Total	6.64M	-767K	14.04M	8.82M	-40.02M
Change In Accounts Receivable	2.07M	-9.18M	-5.38M	-35.16M	-7.57M
Change In Inventories	-401K	-256K	-5.97M	-5.3M	-3.65M
Change In Accounts Payable	-1.33M	-15.33M	6.84M	-9.02M	-194K
Change in Unearned Revenues	-433K	-3.99M	4.55M	2M	-1.13M
Change In Income Taxes	-59K	38K	1.08M	201K	-5.21M
Change in Other Net Operating Assets	-3.84M	-9.64M	-27.4M	-9.97M	-60.47M
Cash from Operations	-28.55M	-93.06M	-87.22M	-125M	-97.67M
Capital Expenditure	-3.61M	-1.79M	-10.65M	-9.23M	-7.51M
Sale of Property, Plant, and Equipment	-	-	-	-	-
Cash Acquisitions	-120M	-236M	-559M	-	-
Sale (Purchase) of Intangible assets	-	-	-	-3.89M	-10.68M
Investment in Marketable and Equity Securities, Total	-	-	-	-1.52M	-
Other Investing Activities, Total	3.48M	2.32M	6.15M	23.46M	44.13M
Cash from Investing	-120M	-235M	-564M	8.82M	25.95M
Long-Term Debt Issued, Total	30M	-	-	-	-
Total Debt Issued	30M	-	-	-	-
Long-Term Debt Repaid, Total	-3.4M	-4.35M	-6.95M	-38.87M	-8.23M
Total Debt Repaid	-3.4M	-4.35M	-6.95M	-38.87M	-8.23M
Issuance of Common Stock	134M	974M	841M	4.71M	2.14M
Repurchase of Common Stock	-	-	-	-	-
Issuance of Preferred Stock	-	-	-	-	-
Other Financing Activities, Total	-7.55M	-46.88M	-36M	-1.25M	-143K
Cash from Financing	154M	922M	798M	-35.41M	-6.23M
Foreign Exchange Rate Adjustments	-1.42M	1.98M	-404K	-1.62M	-109K
Net Change in Cash	3.27M	596M	147M	-154M	-78.05M
Supplemental Items
Cash Interest Paid	320K	1.02M	937K	375K	-
Cash Income Tax Paid (Refund)	113K	147K	748K	1.15M	7.62M
Levered Free Cash Flow	-1.09M	10.14M	90.22M	48M	-12.29M
Unlevered Free Cash Flow	-562K	11.95M	92.01M	49.28M	-11.4M
Change In Net Working Capital	-10.53M	-12.5M	-3.61M	51.72M	67.74M
Net Debt Issued / Repaid	26.6M	-4.35M	-6.95M	-38.87M	-8.23M

Fiscal Period: March	2020	2021	2022	2023	2024
Profitability
Return on Assets	-8.12	-5.35	-5.57	-5.42	-4.34
Return on Total Capital	-10.15	-5.81	-5.85	-5.7	-4.59
Return On Equity %	-19.8	-10.91	-10.82	-36.29	-6.68
Return on Common Equity	-19.8	-10.91	-10.82	-36.29	-6.68
Margin Analysis
Gross Profit Margin %	64.19	56.96	49.45	45.44	42.37
SG&A Margin	66.21	64.49	54.82	47.79	36.11
EBITDA Margin %	-34.29	-39.77	-35.56	-28.56	-12.86
EBITA Margin %	-35.74	-40.89	-36.47	-29.31	-13.58
EBIT Margin %	-39.55	-49.86	-46.52	-37.35	-20.03
Income From Continuing Operations Margin %	-44.37	-56.05	-52.6	-146.48	-18.03
Net Income Margin %	-44.37	-56.05	-52.6	-146.48	-18.03
Net Avail. For Common Margin %	-44.37	-56.05	-52.6	-146.48	-18.03
Normalized Net Income Margin	-23.6	-31.85	-28.81	-21.2	-9.66
Levered Free Cash Flow Margin	-0.91	4.57	16.45	6.57	-1.35
Unlevered Free Cash Flow Margin	-0.47	5.39	16.78	6.75	-1.25
Asset Turnover
Asset Turnover	0.33	0.17	0.19	0.23	0.35
Fixed Assets Turnover	8.23	8.29	15.33	17.72	23.3
Receivables Turnover (Average Receivables)	24.94	26.39	34.48	21.88	18.61
Inventory Turnover (Average Inventory)	71.94	76.19	60.84	39.11	35.73
Short Term Liquidity
Current Ratio	3.29	7.56	6.6	6.21	6.34
Quick Ratio	3.13	7.32	6.29	5.74	5.51
Operating Cash Flow to Current Liabilities	-0.4	-0.82	-0.55	-0.83	-0.68
Days Sales Outstanding (Average Receivables)	14.68	13.83	10.59	16.68	19.67
Days Outstanding Inventory (Average Inventory)	5.09	4.79	6	9.33	10.24
Average Days Payable Outstanding	83.57	65.37	39.53	34.44	24.43
Cash Conversion Cycle (Average Days)	-63.81	-46.75	-22.94	-8.42	5.48
Long Term Solvency
Total Debt/Equity	13.52	2.87	1.78	1.01	0.96
Total Debt / Total Capital	11.91	2.79	1.75	1	0.95
LT Debt/Equity	12.56	2.6	1.56	0.74	0.67
Long-Term Debt / Total Capital	11.07	2.53	1.53	0.74	0.67
Total Liabilities / Total Assets	28.07	8.12	6.1	6.42	6.32
EBIT / Interest Expense	-56	-38.16	-88.99	-132.83	-127.55
EBITDA / Interest Expense	-45.62	-29.1	-65.32	-97.55	-76.29
(EBITDA - Capex) / Interest Expense	-49.86	-29.72	-69.04	-102.05	-81.55
Total Debt / EBITDA	-1.2	-0.66	-0.32	-0.13	-0.21
Net Debt / EBITDA	4.23	8.92	4.77	3.87	6.42
Total Debt / (EBITDA - Capex)	-1.1	-0.64	-0.31	-0.12	-0.2
Net Debt / (EBITDA - Capex)	3.87	8.73	4.51	3.7	6
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	55.76	83.8	147.32	33.21	24.47
Gross Profit, 1 Yr. Growth %	43.73	55.99	114.08	22.42	16.05
EBITDA, 1 Yr. Growth %	106.4	113.21	121.19	6.94	-43.97
EBITA, 1 Yr. Growth %	101.19	110.31	120.65	7.01	-42.3
EBIT, 1 Yr. Growth %	119.13	131.69	130.81	6.92	-33.24
Earnings From Cont. Operations, 1 Yr. Growth %	-70.83	132.16	132.09	270.97	-84.68
Net Income, 1 Yr. Growth %	-70.83	132.16	132.09	270.97	-84.68
Normalized Net Income, 1 Yr. Growth %	-78.69	148.06	123.7	-1.97	-43.31
Diluted EPS Before Extra, 1 Yr. Growth %	-88.72	89.51	72.49	249.21	-85.01
Accounts Receivable, 1 Yr. Growth %	0.23	146.91	66.01	73.5	30.71
Inventory, 1 Yr. Growth %