After a slew of recent Canadian software company privatizations, Lightspeed Commerce Inc. founder Dax Dasilva is musing whether his company should do the same.in an interview he’d wondered whether going private was the best option for his company, one of Canada’s most valuable software vendors. Shares of fellow Montreal software company Nuvei Corp.
That said, Mr. Dasilva said that he continues to believe “the public markets are a good place for Lightspeed. If we can continue to be a high growth company and at the same time increase our margins, which is what investors want to see, I think we will be rewarded on the public market. The focus is operational efficiency and capital allocation.”
But Mr. Chauvet sparked concerns about its financial outlook when the company reported third-quarter earnings last month, telling analysts Lightspeed would shift sales efforts during its next fiscal year starting April 1 to increase its client count and software sales, He said the increased sales spending would only pay off months later, sparking concerns the positive operating margins would evaporate.