Why Axis

Economic crisis won’t sink Lightspeed, analysts say

Earlier this month, Lightspeed, the Montreal-based point-of-sale (POS) technology company, marked the one-year anniversary of its initial public offering amid a significant stock-market slump. The firm watched its share price on the Toronto Stock Exchange fall nearly two-thirds across the first half of March, as equities everywhere plummeted in the face of the COVID-19 pandemic and a global oil glut.

Lightspeed’s customers are primarily independent retailers and restaurants with physical locations. “That’s what’s getting hit the hardest right now—all these small businesses are being forced to close,” said Gus Papageorgiou, head of research at PI Financial. But he and other analysts say Lightspeed is likely to weather the outbreak thanks to its business model, good timing and strong balance sheet.

    Subscribe now to start reading premium, award-winning journalism.

    By entering your e-mail you consent to receiving commercial electronic messages from The Logic Inc. containing news, updates, offers or promotions about The Logic Inc.’s products and services. You can withdraw your consent at anytime. Please refer to our privacy policy or contact us for more details.

    In-depth, agenda-setting reporting

    Great journalism delivered straight to your inbox.

    Briefing

    Panier Bleu’s future uncertain as Quebec government mulls pulling funding

    1Password acquires Kolide

    Waterloo-based Teledyne to supply Ukraine with more than 800 drones

    Best business newsletter in Canada

    Get up to speed in minutes with insights and analysis on the most important stories of the day, every weekday.

    Exclusive events

    See the bigger picture with reporters and industry experts in subscriber-exclusive events.

    Membership in The Logic Council

    Membership provides access to our popular Slack channel, participation in subscriber surveys and invitations to exclusive events with our journalists and special guests.

    Canada's most influential executives and policymakers are reading The Logic

    • CPP Investments
    • Sun Life Financial
    • C100
    • Amazon
    • Telus
    • Mastercard
    • bdc
    • Shopify
    • Rogers
    • RBC
    • General Motors
    • MaRS
    • Government of Canada
    • Uber
    • Loblaw Companies Limited