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Lightspeed Announces First Quarter 2022 Financial Results and Raises Outlook for Fiscal 2022 First quarter revenue grew 220 % YoY to $ 115.9M First quarter GTV grew 203 % YoY to $ 16.3B Lightspeed now maintains over 150,000 Customer Locations Lightspeed Payments achieved another record . quarter Lightspeed reports in US dollars and in accordance with IFRS . MONTREAL , August 5 , 2021 , / CNW Telbec / - Lightspeed POS Inc. ( " Lightspeed " or the " Company " ) ( TSX : LSPD ) ( NYSE : LSPD ) , the one - stop commerce platform for merchants around the world to simplify , scale and create exceptional customer experiences , today announced financial results for the three - month period ended June 30 , 2021 . ● First Quarter Financial Highlights ( All comparisons are relative to the three - month period ended June 30 , 2020 unless otherwise stated ) : Total revenue of $ 115.9 million , an increase of 220 % Recurring subscription revenue of $ 49.9 million , an increase of 115 % Transaction - based revenue of $ 56.5 million , an increase of 453 % Net Loss of ( $ 49.3 ) million as compared to a net loss of ( $ 20.1 ) million . After adjusting for certain non - cash and non - recurring items such as acquisition - related costs and stock based compensation , Adjusted Net Loss [ 1 ] was ( $ 6.9 ) million , or ( $ 0.05 ) per share [ 1 ] , an improvement to ( 6.0 % ) of revenue from ( 7.5 % ) . Adjusted EBITDA [ 1 ] loss of ( $ 6.0 ) million , an improvement to ( 5.2 ) % of revenue [ 1 ] from ( 6.1 ) % At June 30 , 2021 , Lightspeed had $ 603.7 million in unrestricted cash and cash equivalents Fiscal 2022 got off to a strong start with the Company achieving record quarterly revenue , GTV [ 2 ] and Customer Locations [ 2 ] . In addition to delivering strong results , the Company advanced on strategic initiatives including expanding Lightspeed Payments in the EMEA region , closing the acquisition of Vend Limited ( " Vend " ) , partnering with the leading restaurant reservation platform Open Table and announcing definitive agreements to acquire NuORDER and Ecwid - the former of which closed in July . For the quarter ended June 30 , 2021 , Lightspeed saw GTV grow to $ 16.3 billion while achieving record revenue of $ 115.9 million and Customer Locations of over 150,000 . The Company's payments solutions continued to be a key driver of growth as more customers contracted for payments alongside their software subscriptions . Subscription revenue increased thanks partially to the recent acquisitions of ShopKeep , Upserve and Vend , but also due to an increase in Customer Locations . GTV growth was assisted by the strong rebound in the hospitality sector and the EMEA region . " As economies reopen and new business creation accelerates , Lightspeed's one - stop commerce platform is emerging as the technology of choice for retailers and restaurateurs the world over " said Dax Dasilva , Founder and CEO of Lightspeed . " Our customers are entering into a new world of commerce forever altered by COVID - 19 and they are turning to Lightspeed to help them simplify their operations , scale their businesses and deliver exceptional customer experiences . " [ 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