02:29 PM EDT, 05/17/2024 (MT Newswires) -- LSPD Commerce's returning CEO, Dax Dasilva is delivering on his promise of profitable growth, as illustrated by both the fourth quarter results (topping estimates) and FY25 guidance.

RBC analyst Daniel Perlin notes that while the company is pivoting back to "rightly" focus on software/subscription growth, management remains committed to attaining 40%-45% payments penetration exiting FY25, which he views as a positive.

"We are encouraged by the focus on profitable growth and the guidance that aligns with this strategy, thus if the EBITDA trajectory can continue to improve as forecasted, we believe the stock can re-rate higher as investors begin to move toward EV/EBITDA and away from gross profit."

Maintaining price target of US$21, reiterate Outperform.

Price: 21.12, Change: +0.57, Percent Change: +2.77