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B-

Review of Lightspeed Commerce Inc.

MAR 26, 2024 - The company has been focusing on higher Gross Transaction Volume (GTV) customers to improve its top-line growth and reduce customer churn. The most recent quarterly results were better than expected, however, we feel the company needs to make more progress on achieving profitability. Following our downgrade from our latest report, we are maintaining our rating at ‘B-‘.

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