Lightspeed Commerce ( LSPD ) shares are trading higher Thursday after the company posted better-than-expected first-quarter results. Here's a look at the details from the report:Lightspeed Commerce Inc ( LSPD ) shares are trading higher Thursday after the company posted better-than-expected first-quarter results.

Lightspeed beat analysts' estimates with quarterly earnings of 10 cents per share and sales of $266.09 million. 

Total revenue increased 27% year-over-year and includes transaction-based revenue of $174.1 million, up 44%, and subscription revenue of $83.3 million, up 6% year-over-year.

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"This was my first full quarter returning as Lightspeed’s CEO and I am thrilled to see the volume of capabilities we are releasing for our customers,” said Dax Dasilva, CEO of Lightspeed. “Lightspeed continues to distinguish itself with advanced inventory management and B2B functionality that we believe no other retail platform can match and in hospitality we are preparing to deliver never-before-seen levels of productivity improvement to streamline restaurant operation

Outlook: Lightspeed sees second-quarter revenue of approximately $270 million to $275 million and fiscal year revenue growth of at least 20%.

How To Buy LSPD Stock:

By now you're likely curious about how to participate in the market for Lightspeed Commerce ( LSPD ) – be it to purchase shares, or even attempt to bet against the company.

Buying shares is typically done through a brokerage account. You can find a list of possible trading platforms here. Many will allow you to buy ‘fractional shares,' which allows you to own portions of stock without buying an entire share. For example, some stock, like Berkshire Hathaway, or Amazon.com, can cost thousands of dollars to own just one share. However, if you only want to invest a fraction of that, brokerages will allow you to do so.

In the the case of Lightspeed Commerce ( LSPD ), which is trading at $14.07 as of publishing time, $100 would buy you 7.11 shares of stock.

If you're looking to bet against a company, the process is more complex. You'll need access to an options trading platform, or a broker who will allow you to ‘go short' a share of stock by lending you the shares to sell. The process of shorting a stock can be found at this resource. Otherwise, if your broker allows you to trade options, you can either buy a put option, or sell a call option at a strike price above where shares are currently trading – either way it allows you to profit off of the share price decline.

LSPD Price Action: According to Benzinga Pro, Lightspeed Commerce ( LSPD ) shares are up 1.87% at $13.14 at the time of publication on Thursday.

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