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Lightspeed Commerce (LSPD) investor relations material
Lightspeed Commerce AGM 2025 summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
Opening remarks and agenda
Meeting opened with welcomes from the Executive Chair and introductions of board members and executive team.
The meeting was held virtually to reduce environmental impact and ensure equal participation.
Voting procedures and participation rules were explained, including use of the Lumi virtual interface.
The agenda included presentation of financial statements, election of directors, auditor appointment, and an advisory vote on executive compensation.
Board and executive committee updates
Seven current board members were nominated and elected to serve until the next annual meeting.
No additional director nominations were received before the deadline.
The board recommended reappointing PricewaterhouseCoopers LLP as auditors.
Financial performance review
Fiscal 2025 was described as a foundational year, with a strategic review to maximize shareholder value.
Q1 results showed 10% increase in subscription ARPU, 9% growth in subscription revenues, 19% rise in gross profit, and 55% improvement in adjusted EBITDA year over year.
Since April 2024, 18.7 million shares were repurchased and canceled, reducing shares outstanding by 12%.
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