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  "documentTitle": "Lightspeed Commerce, Inc. (LSPD)",
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  "authorName": "Spruce Point Capital Management",
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      "text": "There has been a noticeable decline in LSPD's long-term deferred revenue mix. The Company also no longer discloses that upfront payment contract election triggers a deferred revenue balance.",
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      "text": "Statement No Longer Made Post FY 2020 Annual Report: \"Where customers elect to pay their full contract upfront, a deferred revenue balance is created on our balance sheet.\"",
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      "text": "\"Our subscription plans vary from monthly plans to one-year and multi-year terms... we expect to see this form of subscription plan grow in popularity as we look ahead.\"",
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      "text": "Source: LSPD financials; 1) Measures Year-over-Year total deferred revenue growth",
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