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 Limited develops software-as-a-service technology for location-based digital marketing, including search engine optimization products for businesses that depend on local online visibility. Company news commonly covers the Localizer platform, AI-powered SEO and AI search visibility, subscription revenue trends, and product extensions such as Localizer Service Area Business.
Recurring updates also address Locafy’s partner-led go-to-market model, U.S. commercial activity in insurance and home services, enterprise citation-management work, and periodic fiscal results. The company reports on adoption through digital marketing partners, customer-acquisition initiatives, and operating progress tied to recurring SaaS revenue.
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.
Locafy Limited (Nasdaq: LCFY, LCFYW) has been named a finalist in the Best Software as a Service (Outside USA) category at The Cloud Awards. This recognition highlights the company’s innovative Proximity Network and Proximity Booster technologies, designed to enhance local business visibility in search engine results. The winners will be announced on February 7, 2023. CEO Gavin Burnett expressed pride in this validation of their work since 2021, while also emphasizing plans for product improvement and new developments. The Cloud Awards recognize excellence across the cloud computing sector, featuring candidates from various regions.
Locafy Limited (Nasdaq: LCFY, LCFYW) announced it aims for profitability in FQ4 2023, following key initiatives including the acquisition of Jimmy Kelley Digital and the launch of innovative SEO products like Brand Boost and Keystone. The integration of JKD has been finalized, enhancing R&D and reducing overheads. With a focus on increasing recurring revenue through improved client solutions, management expressed optimism about achieving profitability by April 2023. The company is positioned for growth driven by its reseller network predominantly in North America and Australia.
Locafy Limited (Nasdaq: LCFY) has announced compliance with Nasdaq's minimum bid price requirement after receiving notice on December 22, 2022. The company fell out of compliance earlier when its shares traded below $1.00 for 30 consecutive days and subsequently conducted a 1-for-20 reverse stock split on December 7, 2022. Locafy's shares maintained a closing price above $1.00 for the required period, reaching compliance by December 21, 2022. This compliance allows the company to continue listing on Nasdaq, reinforcing its position in the local search engine marketing sector.
Locafy Limited (NASDAQ:LCFY, LCFYW) will present at the Planet MicroCap Showcase: VIRTUAL 2022 on December 7, 2022, at 2:30 p.m. ET. CEO Gavin Burnett will lead the presentation and answer questions afterward. Attendees can access the live presentation via webcast. Additionally, Locafy will hold virtual 1-on-1 meetings, and registration is required to participate. If unable to attend live, the presentation will be available for viewing on the event platform. Founded in 2009, Locafy specializes in local search engine marketing, aiming to enhance businesses' online relevance.
Locafy Limited (Nasdaq: LCFY) reported a remarkable first quarter for fiscal 2023, ending September 30, 2022, with total operating revenue soaring 79% year-over-year to $1.4 million. Subscription revenue climbed 94% to $1.0 million, driven by a 253% surge in reseller count, reaching 134. Gross profit also increased 107% year-over-year, bolstering gross margin to 75.9%. Despite these gains, the company recorded a net loss of $1.1 million.
Locafy Limited (Nasdaq: LCFY, LCFYW) announced it will release its financial results for the fiscal first quarter ended September 30, 2022, on November 8, 2022, after market close. The company specializes in local search engine marketing and aims to revolutionize the $700 billion SEO sector. Locafy plans to share its financial results, business outlook, and corporate updates through a press release that will be available on its Investor Relations website.
Locafy Limited (Nasdaq: LCFY, LCFYW) has launched Brand Boost, a new e-commerce SEO marketing tool designed to enhance brand visibility and sales for clients. This proprietary solution creates national SEO campaigns that target specific audiences with optimized landing pages, leading to higher conversion rates and reduced customer acquisition costs. Early trials showed clients achieving monthly product sale increases of 20%-60%. The launch aims to expand Locafy’s offerings in the e-commerce sector following the acquisition of Jimmy Kelley Digital, which developed the Brand Boost prototype.
Locafy Limited (Nasdaq: LCFY, LCFYW), a software-as-a-service leader in local search engine marketing, will present and hold virtual meetings during the H.C. Wainwright 24th Annual Global Investment Conference from September 12-14, 2022. The virtual presentation will be available on-demand starting September 12 at 7:00 a.m. Eastern time on Locafy's investor relations website. Interested parties can contact Gateway Investor Relations to schedule one-on-one meetings. Locafy's mission is to transform the $700 billion SEO sector through innovative solutions.