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Lightspeed Announces Second Quarter 2022 Financial Results Second quarter revenue grew 193 % YoY to $ 133.2M Second quarter GTV grew 123 % YoY to $ 18.8B Organic subscription and transaction - based revenue growth of 58 % Lightspeed now maintains approximately 156,000 Customer Locations Lightspeed Payments achieved another record quarter Lightspeed reports in US dollars and in accordance with IFRS . MONTREAL , November 4 , 2021 , / CNW Telbec / - Lightspeed Commerce 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 - and six - month periods ended September 30 , 2021 . Second Quarter Financial Highlights ( All comparisons are relative to the three - month period ended September 30 , 2020 unless otherwise stated ) : Total revenue of $ 133.2 million , an increase of 193 % Subscription revenue of $ 59.4 million , an increase of 132 % Transaction - based revenue of $ 65.0 million , an increase of 320 % Net Loss of ( $ 59.1 ) million as compared to a net loss of ( $ 19.5 ) million . After adjusting for certain items such as acquisition - related costs and stock based compensation , Adjusted Loss [ 1 ] was ( $ 11.1 ) million , or ( $ 0.08 ) per share [ 1 ] , an improvement to ( 8.3 ) % of revenue from ( 10.1 ) % Adjusted EBITDA [ 2 ] loss of $ ( 8.7 ) million , representing ( 6.5 ) % of revenue [ 1 ] versus ( 6.2 ) % At September 30 , 2021 , Lightspeed had $ 1.2 billion in unrestricted cash and cash equivalents Business momentum in the quarter continued with Lightspeed again achieving record highs for quarterly revenue , GTV [ 2 ] and Customer Locations [ 2 ] . In addition , the Company completed a successful financing raising gross proceeds of $ 823.5M and issuing approximately 8.9 million shares . After the quarter , the Company advanced on several strategic initiatives including closing the acquisition of Ecwid , launching Lightspeed Restaurant , the new flagship hospitality platform , and announcing the availability of Lightspeed Payments to thousands of new hospitality merchants in Australia as well as for U.S. merchants from the recent acquisition of Vend . For the quarter ended September 30 , 2021 , Lightspeed saw GTV grow to $ 18.8 billion while achieving record revenue of $ 133.2 million and Customer Locations of approximately 156,000 . The Company's payments solutions continued to be a key driver of growth as the Payments Penetration Rate [ 2 ] grew to 11 % . [ 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 " [ 3 ] References her ein to " organic " growth exclude the impact of any acquisitions that occurred since the end of the prior comparable period so as to provide a consistent basis of comparison . For greater clarity , where an acquisition occurred part way through the prior comparable quarter , such acquisition's contributions in the current quarter are included for purposes of calculating organic growth only to the extent of the same months they were included in the prior comparable quarter . 1