Mr. Dax Dasilva reports

LIGHTSPEED COMMERCE HIGHLIGHTS NEWEST PRODUCT INNOVATIONS, SOLVING CRITICAL CHALLENGES FACING MERCHANTS TODAY

Lightspeed Commerce Inc. today highlighted some of the innovative solutions that have been launched to support its global retail and hospitality customers. These innovations tackle critical challenges facing merchants today such as cost management, supply chain issues, customer loyalty and streamlining the customer experience.

"When we look at launching new products, it's critically important that we are delivering maximum value to our customers, and solving their most complex problems," said Dax Dasilva, founder and chief executive officer of Lightspeed. "By delivering products that solve the more complex issues our merchants face, we can improve their overall operational experience and help them get back to focusing on what matters most, their customers."

Lightspeed's first quarter innovations brought a number of new products and feature sets across the retail and hospitality industries, including:

Retail

Introducing Lightspeed's omnichannel loyalty program

In this competitive consumer landscape, merchants need to have an omnichannel approach to customer loyalty. Lightspeed's enhanced loyalty program blends on-line and off-line loyalty experiences, allowing merchants to provide consistent customer service across all platforms. Customers can effortlessly earn and redeem on-line and in-store points, ensuring they remain consistently engaged with the brands they love.

Increased business-to-business capabilities in NuOrder Assortments

NuOrder by Lightspeed launched new capabilities within NuOrder Assortments, a cutting-edge solution that revolutionizes the way brands plan assortments. With the new capabilities, brands will be able to add proposer roles used for sharing assortments with brand partners that should have visibility to products and brand product data, ensuring buyers and brands can confidently collaborate within the platform while protecting their data. Buyers can also send select Assortment data as an initial order intent to the brand via the NuOrder platform and can track what was shared via tagged version history.

Providing retailers with a better understanding of landed costs

Retailers need to be critically aware of how much it costs to actually deliver a product to their consumer's doorstep. With landed costs, merchants can capture expenditures like discounts and costs of ordering inventory, like shipping and import duties. Through this data, retailers can ensure they are accurately pricing their products and maintaining a healthy ratio of profitability in their business.

Enhanced inventory management and auditing

New product enhancements on both mobile and desktop allow retailers to have a much more streamlined approach to their inventory management. Merchants can record stock adjustments when and where they find them so they can keep their inventory records up to date, and prevent damaged, expired or missing inventory from being sold or ordered from their other outlets. In addition, new product bin locations allow merchants to record, edit and view specific locations of products, empowering staff to quickly find products when packing orders, saving time and increasing productivity. This is especially helpful to large retailers with high inventory, or smaller retailers looking to scale.

Seamlessly integrated product reviews

Lightspeed provides a new seamless way for merchants to automatically collect, manage and take advantage of on-line customer reviews. This new feature eliminates the need for merchants to spend time chasing down customer feedback and allows them to effortlessly publish reviews to enhance their store's on-line credibility and drive higher conversion rates.

Hospitality

Lightspeed expands Tableside to the United Kingdom and Canada

After previously launching in the United States, Lightspeed continues to roll out new regional launches of its innovative Tableside solution, launching in the new markets of Canada and the United Kingdom. Tableside allows restaurant staff to take orders and process payments directly at the table from just an iPhone, leveraging tap to pay on iPhone. This new innovation allows restaurants to streamline operations to focus on creating exceptional dining experiences.

Making delivery easier with Lightspeed's partnership with Uber Direct and Uber Eats

Previously announced in May, Lightspeed is proud to partner with Uber to offer cost-effective and flexible ways to help merchants reach more customers and build brands. Merchants can easily list their menus on Uber Eats, or offer on-demand delivery with their own branded websites leveraging Uber's world-class courier network via Uber Direct.

Quebec WEB-SRM certification

After launching the company's flagship Lightspeed Restaurant product in Quebec last quarter, the company is proud to announce it has been fully certified by Revenu Quebec to support the new WEB-SRM requirement, demonstrating the company's commitment as a reliable partner to help merchants maximize success and facilitate merchants' fiscal compliance within the province.

Tap to pay on iPhone launches in France and Australia

Merchants using tap to pay on iPhone present a consistent and trusted payment experience to customers. Lightspeed customers in France and Australia join merchants in the United Kingdom, Netherlands, Canada and the United States who can now accept contactless payments from contactless credit or debit cards, Apple Pay, Apple Watch and smart phones with other digital wallets -- right on iPhone and without any extra terminals or hardware.

Lightspeed powers the world's best restaurants and retailers including: Birkenstock (Australia), Alinea Group (Chicago), Air Canada (Canada), Neal's Yard (London), L'occitane (New Zealand) and Kei (Paris). Lightspeed Retail is currently available in Canada, the United States, the United Kingdom, Belgium, the Netherlands, Australia and New Zealand.

About Lightspeed Commerce Inc.

Powering the businesses that are the backbone of the global economy, Lightspeed's one-stop commerce platform helps merchants innovate to simplify, scale and provide exceptional omnichannel customer experiences. The company's cloud commerce solution transforms and unifies on-line and physical operations, multichannel sales, expansion to new locations, global payments, financial solutions, and connection to supplier networks.

Founded in Montreal, Canada, in 2005, Lightspeed is dual-listed on the New York Stock Exchange and Toronto Stock Exchange (NYSE: LSPD) (TSX: LSPD). With teams across North America, Europe and Asia Pacific, the company serves retail, hospitality and golf businesses in over 100 countries.

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