Shares of Lightspeed POS Inc. (LSPD) plunged 6.28% in pre-market trading on Thursday, following the company's mixed third quarter fiscal 2025 earnings report released before the bell.
The cloud-based commerce platform reported adjusted earnings per share of $0.12 for the quarter, beating analyst estimates of $0.11. However, revenue of $280.1 million missed expectations of $282.8 million, despite growing nearly 17% year-over-year.
While Lightspeed touted strong growth in its capital lending business and key customer wins, the revenue miss and tempered full-year revenue outlook appeared to disappoint investors. The company cited headwinds from the surging U.S. dollar weighing on non-U.S. sales, as well as a reduction in go-to-market positions following a strategic reorganization.