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Lightspeed Announces Third Quarter 2021 Financial Results , Provides Outlook for Fourth Quarter Third Quarter revenue grew 79 % YoY to $ 57.6M Excluding the impact of recent acquisitions , revenue was $ 49.3M , ahead of the guidance range of $ 44- $ 47M Customer locations continued to grow , reaching almost 115,000 globally GTV grew 48 % YoY to $ 9.1B Payments continues to grow with revenue up almost 4x the same period last year Lightspeed reports in US dollars and in accordance with IFRS . MONTREAL , February 4 , 2021 / CNW Telbec / - Lightspeed POS Inc. ( " Lightspeed " or the “ Company ” ) ( TSX : LSPD ) ( NYSE : LSPD ) , a leading provider of cloud - based , omnichannel commerce platforms , today announced financial results for the three - and nine - month periods ended December 31 , 2020 . Third Quarter Financial Highlights ( All comparisons are relative to the three - month period ended December 31 , 2019 unless otherwise stated ) : • • Total revenue of $ 57.6 million , an increase of 79 % • Recurring software and payments revenue of $ 52.5 million , an increase of 85 % Net Loss of ( $ 42.7 ) million as compared to a net loss of ( $ 15.8 ) million Adjusted Net Loss [ 1 ] of ( $ 7.1 ) million as compared to an Adjusted Net Loss of ( $ 5.9 ) million • Adjusted Net Loss per Share ( EPS ) [ 1 ] was ( $ 0.06 ) • Adjusted EBITDA [ 1 ] of ( $ 6.6 ) million , which improved to ( 11.4 ) % of sales from ( 16.3 ) % • At December 31 , 2020 , Lightspeed had $ 232.6 million in unrestricted cash and cash equivalents In the quarter Lightspeed completed the acquisitions of ShopKeep and Upserve . The table below distinguishes certain quarterly financial measures and key performance indicators between Lightspeed's traditional operations and those of these newly acquired companies . Q3 Summary ( In millions of US dollars ) Lightspeed ShopKeep and Upserve Total Software and Payments Revenue $ 45.1 $ 7.4 $ 52.5 Total Revenue $ 49.3 $ 8.3 $ 57.6 GTV ( $ B ) [ 2 ] $ 8.0 $ 1.1 $ 9.1 Customer Locations [ 2 ] ~ 84,000 ~ 31,000 ~ 115,000 Despite ongoing challenges from the global COVID - 19 pandemic , Lightspeed continued to see market success as small and medium - sized businesses adopted the Company's cloud - based platform to help enable their omnichannel strategies . As a result , Lightspeed saw customer locations [ 2 ] grow to almost 84,000 in the quarter , and to almost 115,000 overall when including the addition of Upserve and ShopKeep . Software revenue increased partially due to a growing portion of Lightspeed's customer base adopting more than one software module . Additionally , payments adoption , both in terms of the number of customer locations and the proportion of GTV [ 2 ] processed , continued to grow , with revenue generated through Lightspeed Payments reaching another all - time high . [ 1 ] Non - IFRS measure . See “ Non - IFRS Measures " and the reconciliation to the most directly comparable IFRS measure included in this press release [ 2 ] Key Performance Indicator . See " Key Performance Indicators " 1