07:52 AM EDT, 03/26/2025 (MT Newswires) -- Lightspeed Commerce Inc. ( LSPD ) was at last look down more than 1% in US premarket trade on Wednesday despite saying it expects to grow its gross profit at a three-year compound annual growth rate of 20% to 25%. It also expects its consolidated business' gross profit to reach US$700 million by fiscal 2028, increasing at a three-year total CAGR of 15% to 18%.

For the consolidated business, total Adjusted EBITDA is expected to grow at a CAGR of 35% over the same period, reaching 20% of gross profit and Adjusted Free Cash Flow is expected to reach US$100 million in Fiscal 2028

The figures cover the period of Fiscal 2026 to Fiscal 2028 inclusive.

Meanwhile, the company, which bought back 9.7 million shares for US$132 million in its existing share repurchase program, has renewed its normal course issuer bid to buy back an additional more than 9 million shares representing US$95 million. This is part of an overall repurchase authorization for up to US$400 million. The NCIB runs from April 5, for one year.

Lightspeed will detail its three year strategy at its 2025 Capital Markets Day later this morning.

The company's shares were up 1.1% on the TSX yesterday.