Public market a 'good place' for Lightspeed, but board will evaluate all options: CEO

The CEO of Lightspeed says the public market is a “good place” for the Montreal-based company, but its board of directors has a responsibility to evaluate all strategic options, including privatization.

Dax Dasilva, who founded the fintech company that makes point-of-sale software for businesses, told BNN Bloomberg that he’s focused on finding operational efficiencies in Lightspeed’s business model to create better value for shareholders.

“I've been really focussed on looking at all aspects of the business and working with the team to be able to present some of the near-term things we can do,” he said in a Wednesday television interview.

“Then we want to do a capital markets day in the fall where we have a three-year outlook on what those efficiencies are going to be… the market's valuing profitability, and we've got two profitable quarters under our belt but there's much more that we can do.”