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  "documentTitle": "Lightspeed Commerce, Inc. (LSPD)",
  "authorId": "54_Spruce_Point_Capital",
  "authorName": "Spruce Point Capital Management",
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  "sourceTypeSlug": "short_seller",
  "sourceTypeLabel": "Short seller",
  "presentationDate": "2021-09-29 00:00:00",
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  "notes": "The slide uses a red flag icon to signal a warning or contradiction in company reporting.",
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      "text": "LSPD quotes % of customers buying more than 1 module but fails to disclose what modules are most purchased. The Company provided the chart below at IPO, but hasn't updated it since. It would appear most customers are just buying 1 module.",
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      "kind": "disclaimer",
      "text": "1) LSPD prospectus, p. S-9\n2) Q1 2022 Earnings Presentation, Slide 10",
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      "text": "customers purchasing multiple modules: 50%",
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      "text": "Source: IPO Prospectus at SEDAR.com",
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      "text": "Lack of Transparency on Module Purchases",
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