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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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  "pageNumber": 78,
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  "nDataPoints": 6,
  "notes": "Uses a deductive table to isolate iKentoo revenue from other acquisitions (Kounta, Gastrofix).",
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      "kind": "callout",
      "text": "iKentoo was acquired July 2, 2019 for $35m. LSPD disclosed it contributed $0.9m to the quarter from July 1 – Sept 30, 2019. Then in the following year, LSPD gave some disclosures that allowed us to deduce that revenues were just $1m three quarters later. We believe this demonstrates that iKentoo did not experience much growth under Lightspeed.",
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      "text": "We believe this demonstrates that iKentoo did not experience much growth under Lightspeed.",
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      "text": "revenue: $1m",
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      "text": "Software and payments revenue for the three months ended June 30, 2020 increased by $12.1 million or 57% as compared to the three months ended June 30, 2019...",
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      "text": "Software and payments revenue for the three months ended September 30, 2019 increased by $8.7 million or 52% as compared to the three months ended September 30, 2018...",
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      "kind": "table",
      "text": "Deducing iKentoo Revenue table showing period, disclosure, and revenue in $m.",
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      "kind": "title",
      "text": "Figuring Out How Poorly iKentoo Performed",
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