Welcome to our dedicated page for Locafy news (Ticker: LCFY), a resource for investors and traders seeking the latest updates and insights on Locafy stock.
Locafy Ltd (Nasdaq: LCFY) delivers innovative SaaS solutions through its dual expertise in automated publishing and entity-based SEO technology. This news hub provides investors and industry professionals with essential updates on the company's strategic initiatives, operational milestones, and market positioning.
Access curated press releases and analysis covering key developments including product launches, partnership announcements, financial disclosures, and technological advancements. Our aggregation ensures you stay informed about Locafy's progress in transforming local search optimization and digital publishing solutions.
Discover updates spanning both operating segments: developments in proprietary platforms like Hotfrog and AussieWeb through the Publishing division, and third-party SEO agency services driving North American growth. Track innovations leveraging Keystone technology and strategic alliances with industry leaders including Yext and Fathom Holdings.
Bookmark this page for streamlined access to verified Locafy updates, ensuring you maintain awareness of critical developments affecting the $700 billion SEO sector. Check regularly for new content addressing algorithm adaptations, performance-based pricing models, and entity-focused search optimization breakthroughs.
Locafy Limited (Nasdaq: LCFY, LCFYW) announced on March 21, 2023, that it received a notice from Nasdaq regarding its failure to meet the minimum stockholders' equity requirement of $2.5 million, having only $845,407 in equity as of December 31, 2022. The company has 45 days to submit a plan to regain compliance, potentially receiving an extension of up to 180 days if accepted. The letter does not impact the trading of its common stock and warrants, which will continue under the symbols LCFY and LCFYW. Founded in 2009, Locafy aims to enhance search engine prominence for businesses.
Locafy Limited (Nasdaq: LCFY) reported significant financial growth for the 2023 fiscal first half, with total revenue increasing by 58% to $2.8 million from $1.8 million year-over-year. Subscription revenue surged 69% to $2.1 million, driven by a growing reseller base, particularly in North America. The company achieved a 40% increase in Monthly Recurring Revenue (MRR) to $464,000. Despite these gains, the net loss widened to $4.0 million from $1.3 million the previous year. Looking ahead, management projects profitability by the end of 2023, bolstered by product upgrades and cost optimization initiatives.
Locafy Limited (Nasdaq: LCFY, LCFYW), a software-as-a-service firm specializing in local search engine marketing, is set to present at the Coffee Microcaps Morning Meeting on March 2, 2023, at 10:00 a.m. AEDT (March 1, 2023, at 6:00 p.m. ET). CEO Gavin Burnett will lead the presentation, followed by a Q&A session. Investors can access the live webcast via a provided link. Locafy aims to transform the $700 billion SEO industry, helping brands enhance their local search presence. For further inquiries or to schedule one-on-one meetings post-event, interested parties can contact Gateway Investor Relations.
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