Hey JJ,
Nothing new from our perspective. Since it is a company that is on our bull list, we update our thoughts on the company every quarter. I'd suggest reading the report for our most recent thoughts and we will be certainly be updating our views after they report - which is in about 2 weeks time on Aug 3.
There hasn't been much news of note from the company recently, so as of now, there really isn't much to update. It is likely one of the main reasons why it has been able to see a nice increase...out of the spotlight and just quietly doing its thing. It still looks cheap compared to other industry players but all eyes will be on guidance this coming quarter. If it reduces guidance again or strikes a bearish tone, then it is likely to take another hit but for now, there isn't much insight into what is happening.
We will say that there have been some good and bad quarters so far and it is decidedly mixed out there - talking about the broader market. Some signs point to a pending recession (which would hurt LSPD's core market which is small to mid-sized business) but then other signs point to a soft landing. With this in mind, the upcoming quarterly conference call will be an important one and will provide us with more insights. So I'd say, stay tuned for that.
Mat