Is Lightspeed POS A Good Stock Worth Buying Right Now And Into 2022?

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Lightspeed POS (LSPD), presently known as Lightspeed Commerce Inc, is a Canadian retail POS (Point of Sale) company that offers a Software as a Service (Saas) based e-commerce platform primarily to small and medium-sized businesses located in Canada, United States, Germany, and Australia, among others.

During the pandemic when online shopping was at its peak, the company’s omnichannel commerce software got a massive boost and, as a result, the company’s share also blew up. Within the past year, Lightspeed has gained around 200%, and even now, the stock is continuing to outperform the market and has gained about 40% year-to-date.

Strategic Moves In Play

Lightspeed’s innovative business model has shown immense growth potential over the years and has consistently grown, even during tough times. This was possible because the management at Lightspeed is highly focused on increasing the company’s business by both organic and inorganic means, and management has been taking a series of well-strategized steps to route the company towards success. The company’s financials are proof that its business strategies are bearing fruit. 

Mergers and acquisitions of growth-oriented businesses are the modern-day tools for achieving great success in a short span of time because of the synergy that the combined businesses bring to the table. Lightspeed capitalized very well on this phenomenon.

Though the e-commerce business is kind of fragmented, the small company believes in consolidation and is always in search of suitable target businesses that can help in improving its performance. 

Lightspeed’s previous acquisitions of small businesses like Vend, ShopKeep, and Upserve gave the company its required revenue momentum. Its recent acquisition of reputed e-commerce platform, Ecwid, and of the B2B ordering platform, NuOrder, for $425 million will further improve the company’s performance in the coming years as the company believes this twin deal would integrate more merchants, suppliers, and consumers together. 

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Disclaimer: All the information in this article - is published in good faith and for general information purpose only. Hashtag Investing does not make any warranties about the completeness, ...

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