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  "documentTitle": "Lightspeed Commerce, Inc. (LSPD)",
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      "text": "After its IPO, LSPD laid out its organic growth plan and listed “attracting new merchants” as its first objective in its year end conference call. On the following call it reported 2,000 net new merchants on its system. Thereafter, LSPD stopped disclosing net new merchant adds and it began a string of acquisitions.",
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      "text": "Q1 2020 Conf Call Aug 2019",
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      "text": "First, continuing to attract new merchants... During the first quarter, more than 2,000 net new retail and restaurant locations joined the Lightspeed ecosystem.",
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      "text": "As we look forward, we will continue to grow organically in 3 primary ways: attracting new merchants... In fiscal 2019, approximately 8,000 net new merchant locations joined the Lightspeed ecosystem",
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      "text": "As we look forward, we will continue to grow organically in 3 primary ways: attracting new merchants, entering new markets and expanding ARPU. First, continuing to attract new merchants within our existing core markets. Our market is vast and underserved by cloud technology solutions, and we will leverage our growing global brand to attract an increasing number of new merchants to the Lightspeed ecosystem. In fiscal 2019, approximately 8,000 net new merchant locations joined the Lightspeed ecosystem, and we are well positioned to continue this trend while simultaneously generating solid underlying unit economics. — Q4 2019 conference call",
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