When
"The first half of the year for us is going to be more costly, slower growth, but then the second half of the year for us... is going to be really strong,"
He attributes the two halves to a moment his
So
The push means giving customers brand new payment terminals, buying back some of their existing contracts, offering better rates than what they're paying with other providers and often, dispatching staff to help with the transition.
"Our customers don't like change, so we're trying to make this as easy as possible for them to get the benefits," Chauvet said.
"For us, it's a big move and I think it's a big move for our customers too."
Those that have made the switch have nabbed increased revenue, decreased operations cost and plenty of saved times, the company says.
Chauvet's remarks came the same day
The company, which keeps its books in
Revenue in the final quarter of the company's 2023 financial year totalled
The increase came as subscription revenue increased to
On an adjusted basis,
Analysts on average had expected an adjusted loss of
Chauvet was pleased with the quarter and saw it as a sign that the company is approaching its goal of reaching adjusted EBITDA break even by the end of
"Every month and every quarter (we are) improving our adjusted EBITDA and setting ourselves up for success this year, so I'm very happy."
He also touched on artificial intelligence (AI), which
The technology "is not perfect," Chauvet said, but "it is far better than we had imagined, for what it's worth, and I think it's even very difficult for the customers to perceive that it's a machine."
He foresees AI being useful to helping developers code better, enhancing descriptors on menus and online stores and even processing data to help make inventory decisions, but said more regulation is needed before AI is adopted in a widespread fashion.
This report by The Canadian Press was first published
Companies in this story: (TSX:LSPD)
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