Thread by @peregreine

1) Many of the out of the money CALL options on $LSPD are down -80% to -99% at this moment. Those call holders who waited to exit beyond the pre-market & at the open got decapitated. Meanwhile, I'm not trading it, as I am reading a Motley Fool board which follows $LSPD closely:

2) "Absolute Revenue increase looked like this for the last 5 quarters (oldest to newest):

$9.3m -> $12.1m -> $24.8m -> $33.5m -> $17.1m

So absolute revenue growth (unadjusted i.e. incl acquisitions) halved from what it was a quarter ago."

boards.fool.com/i39ve-done-the…

3) "LSPD reported 156k customer locations (not customers). Last quarter they reported 150k, so they only added 6k customer locations but it was actually worse than that because their NuOrder acquisition brought 3k customer locations." boards.fool.com/lspd-not-the-e…

4) "I have done systems integrations before and with all their concurrency acquisitions, it's going to take a few quarters to integrate into one cohesive platform and product set. " boards.fool.com/i39m-out-too-i…

5) "Gross margin has decreased from 69% in Q2 two years ago to just 50% now, down further from the 51% of last quarter, fueled by the ever-increasing size of payment revenue of the total. In Q2 2020 56% of revenue was subscription revenue; in Q2 of 2021 this was only 44%..."

6) continued "... So even though ARPU increased, the margin on that ARPU eroded a lot and will likely continue to decrease, as per their guidance. I was hoping that revenue would have increased by a lot more to make up for this." boards.fool.com/i39ve-done-the…