Lightspeed Commerce Inc. (NYSE | TSX: LSPD), today marks a
game-changing milestone: restaurateurs have leveraged Lightspeed
Restaurant to serve over one billion meals worldwide and facilitate
more than 300 million unique diner’s unforgettable experiences in
the last 12 months1 through this powerful restaurant solution. This
extraordinary feat highlights the increase in Lightspeed
Restaurant’s transaction volume growth.
Powering the world’s best businesses, Lightspeed is
the unified POS and payments platform for ambitious entrepreneurs
to accelerate growth, provide the best customer experiences and
become a go-to destination in their space, including: Daniel Boulud
- Dinex Group (NYC), Alinea Group (Chicago), Duro (Dallas),
Telerefic (Los Angeles), Californios (San Francisco), Vatican Gift
Shop (Toronto), Joe Beef (Montreal), Big Mamma (Europe), Da Terra
(London) , Arpège (Paris), De Librije (Amsterdam), Umami (Berlin),
Chalet d'Adrien (Verbier), Mr Miyagi (Melbourne) and Maybe Sammy
(Sydney).
“Reaching this milestone of serving over one
billion diners and facilitating more than 300 million dining
experiences over the last year, showcases the tremendous impact
Lightspeed has on the global restaurant industry,” said Peter
Dougherty, GM of Hospitality at Lightspeed. “Through advanced
technology, data-driven insights, and continuous innovation, we are
equipping restaurants to navigate ever-evolving challenges and
redefine the dining landscape.”
Tackling Industry ChallengesIn an
industry rife with challenges and operational complexities,
Lightspeed Restaurant continues to establish its position as a
critical ally for modern restaurants. Lightspeed Restaurant
empowers establishments to maintain efficiency and exemplary guest
experiences, even amidst staff constraints.
Streamline Ops to Serve Customers
FasterLightspeed Restaurant helps business owners optimize
their time so that they can spend more of it focused on their
customers.
- The speed of the Lightspeed Restaurant
platform means orders from the server to the back of house staff
are on average 40% faster2 than the competition.
- Improvements to how diners order and
pay thanks to the seamless experiences offered with ‘Pay at Table’
, ‘Tap to Pay’, and ‘Scan and Pay’ means restaurant operators can
say goodbye to unnecessary waiting as guests dine, order, and pay –
all from their seat.
- Tip Management means that operators
can maximize server earnings with intelligent tip suggestion and
reporting.
- Enhanced APIs means that external
systems can easily integrate into the platform allowing for
real-time inventory management.
- A strong offline mode ensures business
continuity, even without internet connectivity.
Real-World Impact Testimonials
from restaurant owners worldwide illustrate the transformative
power of Lightspeed Restaurant. "Lightspeed gives us everything we
need right at our fingertips," said Andrew Ketcham, Associate
Director of Operations at Atomic Hospitality in Chicago. "It allows
us to get people in the door, give them a phenomenal experience,
and get them on their way so that we're ready for the next
group."
Dive into the transformative features of Lightspeed
Restaurant on our website, or to witness its powerful capabilities,
see www.lightspeedhq.com/pos/restaurant.
About Lightspeed
Powering the businesses that are the backbone of
the global economy, Lightspeed's one-stop commerce platform helps
merchants innovate to simplify, scale and provide exceptional
customer experiences. Our cloud commerce solution transforms and
unifies online and physical operations, multichannel sales,
expansion to new locations, global payments, financial solutions
and connection to supplier networks.
Founded in Montréal, Canada in 2005, Lightspeed is
dual-listed on the New York Stock Exchange (NYSE: LSPD) and Toronto
Stock Exchange (TSX: LSPD). With teams across North America, Europe
and Asia Pacific, the company serves retail, hospitality and golf
businesses in over 100 countries.
For more information, see www.lightspeedhq.com.
Follow us on social media: LinkedIn, Facebook,
Instagram, YouTube, and Twitter.
Forward-Looking Statements
This news release may include forward-looking
information and forward-looking statements within the meaning of
applicable securities laws ("forward-looking statements"),
including information regarding Lightspeed’s product offerings and
planned product roadmap. Forward-looking statements are statements
that are predictive in nature, depend upon or refer to future
events or conditions and are identified by words such as "will",
"expects", "anticipates", "intends", "plans", "believes",
"estimates" or similar expressions concerning matters that are not
historical facts. Such statements are based on current expectations
of Lightspeed's management and inherently involve numerous risks
and uncertainties, known and unknown, including economic factors. A
number of risks, uncertainties and other factors may cause actual
results to differ materially from the forward-looking statements
contained in this news release, including, among other factors,
those risk factors identified in our most recent Management's
Discussion and Analysis of Financial Condition and Results of
Operations, under "Risk Factors" in our most recent Annual
Information Form, and in our other filings with the Canadian
securities regulatory authorities and the U.S. Securities and
Exchange Commission, all of which are available under our profiles
on SEDAR at www.sedar.com and on EDGAR at www.sec.gov. Readers are
cautioned to consider these and other factors carefully when making
decisions with respect to Lightspeed's subordinate voting shares
and not to place undue reliance on forward-looking statements.
Forward-looking statements contained in this news release are not
guarantees of future performance and, while forward-looking
statements are based on certain assumptions that Lightspeed
considers reasonable, actual events and results could differ
materially from those expressed or implied by forward-looking
statements made by Lightspeed. Except as may be expressly required
by applicable law, Lightspeed does not undertake any obligation to
update publicly or revise any such forward-looking statements,
whether as a result of new information, future events or
otherwise.
1 - Based on the trailing twelve months ended May
30, 2023.
2 - Based on internal testing in August 2022 of
industry peer check management and other workflows. Lightspeed
Restaurant POS requires on average 40% fewer clicks for completing
check splitting, discounting and other basic POS workflows than
certain industry-leading POS systems in North America. Results
outside such internal testing could vary depending on location and
other factors.
For further information: Media Contacts: Canada:
Victoria Baker, NKPR - victoriab@nkpr.net; USA: Jennifer Fugel,
Newsmaker Group - jfugel@newsmakergroup.com; Lightspeed Media
Relations - media@lightspeedhq.com; Investor Relations: Gus
Papageorgiou, Lightspeed Investor Relations -
investorrelations@lightspeedhq.com
A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/78fe97b8-9c4f-405b-9331-fbb943562ec6
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