Bullish
$LSPD.CA Along with yesterday’s results, Lightspeed guided upwards on revenue. It now expects full-year 2020 revenue to grow by 52.5% (at the mid-range) over fiscal 2019, up from 46.5% previously. It is worth noting that growth is accelerating, as it marks the second consecutive quarter it has revised guidance upwards. Analysts have also been guiding upwards and expect average earnings growth to top 70% annually over the next few years. Outside of Shopify, no other TSX-listed tech company has comparable growth rates.
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