News Summary

Lightspeed, a Montréal-based point-of-sales and e-commerce company, has announced its decision to remain a public company after a strategic review. Founder Dax Dasilva emphasized the company’s focus on its two ‘crown jewels’: North American retail and European hospitality. The company plans to implement a $400 million USD share buyback and aims for positive free cash flow within the next year. Despite a drop in stock prices, Dasilva expressed confidence in Lightspeed’s transformation plan, which includes hiring in Montréal and optimizing other markets for profitability. The company is also investing in its Supplier Network to future-proof businesses against potential trade disruptions.