Mr. Dax Dasilva reports

LIGHTSPEED COMMERCE ANNOUNCES Q1 PRODUCT INNOVATIONS DRIVING GROWTH FOR RETAIL, HOSPITALITY, AND GOLF BUSINESSES

Lightspeed Commerce Inc. has made significant new product advancements across its retail, hospitality and golf solutions during its first fiscal quarter. These innovations are designed to further empower merchants with enhanced insights, streamlined operations and improved customer experiences.

"In today's dynamic business landscape, merchants need more than just a point-of-sale system. They need a partner that provides intelligent tools to navigate complexity and seize opportunities," said Dax Dasilva, founder and chief executive officer of Lightspeed. "Our Q1 product releases reflect our unwavering commitment to delivering solutions that directly address the evolving needs of retailers, restaurateurs and golf course operators, helping them optimize every aspect of their business from inventory to customer engagement."

Lightspeed's Q1 innovations brought a number of new products and feature sets across the retail, hospitality and golf industries, including the following.

Retail

Lightspeed rolled out powerful new features designed to tackle common industry challenges, streamline operations and enhance customer engagement. These updates provide retailers with comprehensive insights, improved efficiency and enhanced tools for both in-store and on-line sales:

• NuORDER by Lightspeed introduces order trends to bring insight into wholesale buying: Buyers can gain a competitive edge with data-driven buying. This feature surfaces aggregated, top-performing product data (category, size and colour) at the brand level, allowing buyers to make confident stocking decisions, by understanding what is selling well for other retailers and reducing their overhead risk. Early adopters of order trends have seen approximately a 10-per-cent increase in average order value.
• Enhanced inventory tracking and financial metrics: The company achieves greater precision by creating custom inventory adjustments, allowing for detailed tracking of stock changes. Additionally, Lightspeed insights now includes inventory turns and GMROI (gross margin return on investment), providing crucial financial metrics traditionally found only in ERPs, directly within Lightspeed, to help retailers optimize profitability. Retailers using insights have on average seen a 25.4-per-cent-higher GMROI compared with merchants without insights.
• Lightspeed retail achieves built for NetSuite status: The new Lightspeed retail suite app enables retailers to integrate and automate data flows between NetSuite and Lightspeed retail points-of-sale to improve data sync across products, inventory and customer history; simplify transaction reporting; optimize inventory; and centralize multilocation data visibility.
• Improved clientelling on Lightspeed scanner app: With the Lightspeed scanner app, sales associates are empowered with real-time product information. It allows for easy product search, inventory checks and pricing directly from the app, leading to a more informed shopping experience. For iOS users, the scanner app also offers search filtering, and supports loyalty and store credit payments on the shop floor, streamlining checkout.
• Seamless omnichannel management: Lightspeed now offers enhanced support for omnichannel refunds, statuses, charges and packing slips. Retailers can set custom on-line checkout charges (including pickup fees), print packing slips for orders and ensure order status (fulfilment and refunds) syncs seamlessly between platforms, providing end-to-end tracking.

Hospitality:

• Lightspeed restaurant's artificial-intelligence-powered benchmarks and trends launches in Europe: Previously available to North American hospitality customers and available in certain European countries as well, benchmarks and trends address the need to stay competitive in this evolving market by giving restaurant owners a deeper understanding of their own performance and how they measure up against local competitors. These insights can help boost revenue, streamline operations and gain a competitive upper hand in a crowded dining landscape where customers are hungry for the best dining options.
• Serve more, walk less with the upgraded Lightspeed tableside: Lightspeed tableside just got more versatile. Tableside is the pocket-size, mobile POS that allows servers to take orders and payments directly at the table, on the terrace or wherever guests are. Now, with the addition of the sleek new mobile tap device to merchants in the United Kingdom, Netherlands and Belgium, tableside can take tap, insert and swipe, with battery life up to 48 hours. Powered by Lightspeed payments, it speeds up service, increases table turnover and keeps staff moving less while selling more.
• Get deeper insights on the go with Lightspeed pulse: Lightspeed pulse, its real-time reporting app offers deeper insights to help restauranteurs uncover sales trends. Stay informed on the go with digestible data-spot sales trends, top staff and bestsellers at a glance. Plus, a new yesterday filter makes it easy to check how the business performed at a glance, all from the convenience of a smart phone.
• Streamlined operations and kitchen performance for better order flow: New updates make daily restaurant operations smoother and more efficient, from menu management to kitchen flow. Kitchen display system users can directly access prep insights to analyze kitchen performance. Meanwhile merchants have more control over item details and menu updates, saving time by reducing the need for manual updates in the back office.
• New sales report and real-time hourly sales metrics help improve profitability: Designed with profitability in mind, Lightspeed restaurant launched sales report to consolidate all key sales insights into a single, clear and customizable view which empowers restaurateurs to analyze sales drivers and identify trends. Operators can get even more granular by filtering and selecting what metrics they want to see hourly, or analyze performance focusing on specific shifts, for example, breakfast, lunch and dinner. These new reports are designed to help businesses plan smarter shifts, cut costs and boost revenue with real-time insights.

Golf:

• Lightspeed and Whoosh partnership elevates private golf operations: As Whoosh's preferred membership management partner, Lightspeed will provide Whoosh users in the private club space its cloud-based point-of-sale, payments and membership management technology directly integrated into a tee sheet, giving clubs an automated, real-time view of member activity across the facility. A central feature of the partnership is Lightspeed membership management, a next-generation membership billing system, which enables clubs to centralize charges, set custom billing rules and access real-time insights.

About Lightspeed Commerce Inc.

Lightspeed is the POS and payment platform powering businesses at the heart of communities in over 100 countries. As the partner of choice for ambitious retail, golf and hospitality entrepreneurs, Lightspeed helps businesses accelerate growth, deliver exceptional customer experiences, and run smarter across all channels and locations.

With fast, flexible omnichannel technology, Lightspeed brings together point-of-sale, e-commerce, embedded payments, inventory, reporting, staff and supplier management, financial services, and an exclusive wholesale retail network. Backed by insights and expert support, Lightspeed helps businesses run more efficiently and focus on what they do best.

Founded in Montreal, Canada, in 2005, Lightspeed is dual listed on the New York Stock Exchange and Toronto Stock Exchange, with teams across North America, Europe and Asia Pacific.

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