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 (Nasdaq: LCFY, LCFYW) is a software-as-a-service technology company specializing in local search engine marketing and location-based digital marketing. Founded in 2009, the company focuses on helping local, national, and brand-focused businesses increase their visibility and prominence in both online and AI search engines using proprietary SEO techniques, technologies, and AI-driven automation. The Locafy news feed on Stock Titan aggregates company announcements, commercial updates, and operational milestones that shed light on how this strategy is being executed.
News about Locafy often centers on the performance and adoption of its flagship Localizer product and related AI-powered SEO and AI Engine Optimization solutions. The company regularly reports on subscription growth, monthly recurring revenue trends, and the expansion of its partner-led go-to-market model. Updates have highlighted accelerating Localizer sales in the U.S. market, early results from Localizer SAB for service area businesses, and the impact of strategic partnerships with digital agencies and reputation-management platforms.
Investors and observers can use the news stream to follow developments such as new product launches, AI and automation enhancements, partner agreements in key verticals like insurance and home services, and the rollout of tools like the AI Sales Team and AI Voice Concierge. Locafy’s releases also provide context on its financial performance, including quarterly and annual results, as well as communications related to listing and compliance matters with the Nasdaq Capital Market.
By reviewing Locafy’s news on this page, readers can track how the company’s local SEO and AI search initiatives are progressing, how its partner ecosystem is evolving, and how management describes the company’s path toward scaling its recurring revenue model. This makes the news feed a useful resource for understanding both strategic direction and operational execution over time.
Locafy Limited (NASDAQ: LCFY, LCFYW) announced the appointment of Mr. Ranko Matic as a non-executive director, expanding its Board from three to four members. Mr. Matic, a Chartered Accountant with over 30 years of experience, brings a wealth of knowledge in financial and executive management, corporate advisory, and capital markets. His expertise includes involvement in over 40 IPOs in the past 15 years. CEO Gavin Burnett expressed confidence in Mr. Matic's ability to enhance corporate governance and increase shareholder value.
Locafy Limited (NASDAQ: LCFY, LCFYW) has received a deficiency notice from Nasdaq due to its share price closing below $1.00 for 30 consecutive business days. The company has until December 27, 2022, to comply with the minimum bid price requirement, which entails closing at $1.00 or more for at least 10 consecutive days. The notice does not currently impact trading or operations. If compliance is not achieved, Locafy may qualify for an additional 180-day extension, contingent on meeting other listing requirements.
Locafy Limited (NASDAQ: LCFY, LCFYW) reported a significant operational update for May 2022. The company achieved over 60% Page 1 search engine rankings across global markets, with 43% in Top 3 positions. These gains come amid algorithm changes from a major search engine provider, with Locafy's patented platform quickly adapting to enhance customer outcomes. Additionally, the company expanded its reseller base by over 20% within the same month, reaching a total of 125 global resellers.
Locafy Limited (NASDAQ: LCFY, LCFYW) has announced the acquisition of the client base of 180 Degree Marketing, a Canberra-based digital agency. This move aligns with Locafy's strategy to expand through partnerships and acquisitions in key markets, particularly in Australia and the US. The acquisition will allow Locafy to enhance its search engine optimization services, benefiting from its patented technology that reportedly delivers significant results in a shorter timeframe. Notably, Locafy was also invited by Nasdaq to ring the opening bell as the first West Australian company to list directly on the exchange.
Locafy Limited (NASDAQ: LCFY, LCFYW) announced significant advancements in its patented SEO technology, achieving a page loading time as quick as 0.6 seconds. This improvement in Time to Interactive (TTI) is expected to enhance search engine rankings for global customers. Locafy reported achieving 60% Page 1 ranking for nearly 50,000 published pages, with over 40% in the top positions. The company emphasizes the competitive edge gained from its ability to deploy updates rapidly to clients. Full year financial results will be shared in the September quarter.
Locafy achieved significant milestones in April 2022, surpassing A$500,000 in revenue for the first time, marking over 130% year-on-year growth since April 2021. The number of Resellers increased more than threefold, exceeding 100 as part of an expanding channel partner network across North America, the UK, and Australia. Furthermore, the company noted considerable growth in its customer base, with 44,458 landing pages published, over 58% appearing in top search results.
Locafy Limited (NASDAQ: LCFY, LCFYW) announced that Australian customers can claim a 120% tax deduction on local SEO products due to a new government initiative. This measure affects an estimated 3.6 million small businesses in Australia, aimed at enhancing their online presence post-COVID-19 lockdowns. The initiative is part of a larger A$1 billion package set to run until June 2023. Locafy’s customer base has reportedly more than doubled in five months, as businesses increasingly prioritize search engine visibility.