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, 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.