Q: What is your take on LSPD s results. Thanks
5i Research Answer:
EPS of 6c matched estimates; revenue of $230.2M beat estimates of $225.5M. EBITDA of $4.29M beat estimates by 17.5%. LSPD expects subscription revenue to be better in the second half of the year. It guided for more than $1B in revenue for F2025 and the EBITDA outlook was raised. It was a good quarter with most metrics better than expected. LSPD delivered on its goal of positive EBITDA and set guidance for a significant ramp in F2025. It still has $700M cash. The founder has returned as permanent CEO. One quarter does not make a trend, but LSPD may have bottomed here with this quarter and positive outlook.