Hey Brian, very good question.
First off, Lightspeed reports earnings on May 21st, but it is very important to note that this won't factor in a full quarter of COVID hardships. The company even stated itself in mid April that it expects revenue at the upper end of guidances.
However, the company will more than likely release a statement as to how bad the crisis is effecting them.
The bulk of the company's revenue comes in the form of recurring software payments (last quarter was $28.4 of $32.3 million.) Restaurants, retail stores and ecommerce platforms pay the company to provide the service, or "Software as a Service".
The key thing here will be how many of its clients have cancelled their subscriptions. We've only been down for 6-8 weeks so that remains to be seen, and the company is also gaining a large presence in the United States, which are talking about opening up very soon. Lightspeed has arranged for payment deferrals and subscription discounts, so there is the possibility a large chunk of their customer base could come back, unless they're forced to close permanently.
There is no doubt this is going to have a negative effect on the company. How badly, and how permanently is very hard to estimate, and all we can do as investors is wait to see the results.
Financially, the company is also in excellent shape. It stated in mid April that it has over $220 million in cash and over $25 million available at its credit facility.
Keep in mind, both Mathieu and I (Dan) are long LSPD. We took positions in the stock after the minimum wait time required after adding it to the Bull list last year.