Welcome to our dedicated page for Locafy news (Ticker: LCFYW), a resource for investors and traders seeking the latest updates and insights on Locafy stock.
Locafy Limited (Nasdaq: LCFY, LCFYW) is a global SaaS technology company specializing in local search engine marketing and AI-powered SEO and AEO solutions. The news flow around Locafy often centers on commercial updates, product launches, and partnership developments that relate directly to its mission of improving business visibility in online and AI search.
Readers following LCFYW news can expect coverage of Locafy’s progress in scaling its subscription-based Localizer product, including adoption trends among sectors such as insurance and home services. Company updates have highlighted growth in monthly subscription sales, expansion of deployments through U.S. digital marketing partners, and the introduction of specialized offerings like Localizer for service-area businesses.
News items also describe Locafy’s AI-focused initiatives, such as its AI Search Platform, AI Voice Concierge, and AEO reporting and analytics capabilities. These announcements provide insight into how the company is adapting its technology to influence rankings in both traditional search engines and AI search tools, and how automation is being used in areas like sales outreach and content generation.
In addition, Locafy issues regulatory and financial updates, including fiscal results, key performance indicators such as monthly recurring revenue, and information about its Nasdaq listing status and SEC reporting. For investors and observers, the Locafy news stream offers ongoing context on how the company’s partner-led go-to-market model, large business listings datasets, and AI-driven products are being deployed across markets like the United States, Australia, and the broader APAC region. Bookmarking this page provides a single place to review Locafy’s latest operational, financial, and product-related announcements as they are released.
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.
Locafy Limited (Nasdaq: LCFY, LCFYW) has acquired Jimmy Kelley Digital, enhancing its capabilities in local search engine marketing. Kelley, an SEO expert with over 20 years of experience, joins as Global Head of Search Technology. This acquisition is expected to drive revenue increases of 20%-60% for e-commerce clients within the first month. Locafy aims to expand its client base and revenue opportunities, leveraging Kelley's expertise to revolutionize local search strategies.
Locafy Limited (Nasdaq: LCFY, LCFYW) has appointed Gateway Investor Relations to enhance its investor relations efforts. This partnership aims to refine messaging, increase communication with institutional investors, and organize events to boost visibility in the financial community. Locafy reported nearly double revenue growth in the past fiscal year and is targeting sustainable profitability in fiscal 2023. The collaboration with Gateway is designed to leverage Locafy's recent Nasdaq listing and expand its institutional shareholder base.
Locafy Limited (NASDAQ: LCFY, LCFYW) reported preliminary unaudited revenue for FY22 of A$4.2 million, marking a 92% increase from FY21. Gross profit is expected to rise by 81%. The company experienced significant growth in its distribution channel, with a 421% increase in total partners, reaching 135 as of June 30, 2022. Monthly recurring revenue for July 2022 is around $500,000, up 110% year-on-year. CEO Gavin Burnett highlighted the company's focus on achieving profitability in FY23 through cost management and strategic growth.
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.