Shares of Lightspeed POS Inc. (LSPD) plummeted 11.03% in pre-market trading on Thursday, following the company's fiscal third quarter 2025 earnings report. While Lightspeed beat earnings estimates, posting an adjusted EPS of $0.12 versus expectations of $0.11, the company missed on the top line with revenue of $280.1 million versus the consensus estimate of $282.8 million.
Despite the nearly 17% year-over-year revenue growth, investors were clearly disappointed by the miss versus expectations. Lightspeed also tempered its full-year revenue guidance, now forecasting around 20% growth for fiscal 2025, down from previous projections.
The company cited a few key headwinds contributing to the softer results and outlook. First, the surging U.S. dollar put pressure on Lightspeed's non-U.S. dollar revenues. Additionally, a strategic reorganization last quarter resulted in a significant reduction of go-to-market positions, which is expected to weigh on near-term growth until the company can hire and ramp up sales efforts in its core markets.
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