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Locafy Limited Ordinary Share - LCFY STOCK NEWS

Welcome to our dedicated page for Locafy Ordinary Share news (Ticker: LCFY), a resource for investors and traders seeking the latest updates and insights on Locafy Ordinary Share stock.

Locafy Limited Ordinary Share (symbol: LCFY) is a globally recognized software-as-a-service (SaaS) company specializing in local search engine marketing. The company, founded in 2009 and headquartered in Perth, Australia, aims to revolutionize the $700 billion SEO sector by helping businesses and brands increase their search engine relevance and prominence using a fast, easy, and automated approach.

Locafy operates through three main segments: Publishing, Reseller, and Channel Sales. The company's core technology platform enables the publishing of virtually any type of content to any device with a web browser. Locafy derives the majority of its revenue from Australia and New Zealand.

Locafy’s flagship product, Article Accelerator, is a specialized SEO technology designed to improve the visibility of advertorials in online search results. Recent trials in the U.S. have shown impressive results, leading to commercial agreements with notable advertising agencies. The company's partnerships with firms like Localista and diDNA further enhance its digital publishing and advertising capabilities.

Locafy's recent accomplishments include acquiring the digital assets of legendary Australian luxury media brand Scoop, providing SEO consulting services to Localista, and integrating Localista’s sales team as resellers of the Article Accelerator. These developments aim to transform Localista into a leading online property in Australia’s lifestyle and travel segments.

Locafy has also entered into agreements with diDNA, a top ad tech provider, to enhance its digital property portfolio. This includes deploying diDNA’s advanced advertising technology across Locafy’s directory portfolio, maximizing revenue opportunities.

In collaboration with Yext, Locafy launched the Hotfrog Proximity Page application, which helps businesses enhance their online presence and drive traffic. This application is a key step in Locafy's broader strategy to simplify user experience and ensure data accuracy across multiple online platforms.

Financially, Locafy has reported significant improvements, with a focus on lowering operational costs and enhancing revenue streams through new and existing client engagements. The company has successfully reduced its cost of sales and operating expenses, positioning itself for break-even profitability in the near future.

With a mission to redefine how businesses approach SEO and digital marketing, Locafy’s innovative solutions continue to gain traction, promising substantial growth and expanded market presence in the coming years.

Rhea-AI Summary
Locafy Limited (Nasdaq: LCFY, LCFYW) has received its first order from a large advertising agency to utilize its Article Accelerator SEO technology, following a successful trial period with a U.S.-based media publisher. The company's CEO, Gavin Burnett, expressed confidence in the technology's ability to rapidly improve online rankings and capture a substantial customer set, potentially creating recurring revenue opportunity tailwinds for Locafy's business.
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Locafy Limited (LCFY) announces promising results from the first round of preliminary trials of Locafy Article Accelerator, a media publisher-specific product based on Locafy's Keystone technology. The U.S.-based media publisher, one of the largest in the U.S., implemented Article Accelerator for a series of trials, resulting in significant increases in impression and visitor counts, volume of keywords ranked, and click-through-rate. Locafy is confident in the potential of Article Accelerator to impact individual articles in highly competitive industries and markets, aiming to expand the potential customer bases of media organizations and unlock an untapped market.
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Locafy Limited (LCFY, LCFYW) reported financial results for the 2024 fiscal first quarter ended September 30, 2023. The company maintained a gross margin of 81%, with a 53% year-over-year decrease in cost of sales. Total operating revenue decreased by 24.3% to $1.1 million, while net loss was $808,000. Despite the decrease in revenue, the company announced strategic partnerships with Method and TransUnion, aiming for profitability in calendar-year 2024.
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Locafy reports 27% increase in total revenue for fiscal 2023
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Locafy Limited reports positive financial results for fiscal year 2023, with a 27% increase in total revenue and gross margin reaching 73.9%. The company highlights reseller wins and the completion of its platform upgrade as key drivers of success. Cost reduction initiatives led to a 52% decrease in cost of sales in the fiscal fourth quarter. Locafy also secured a partnership with a prominent U.S.-based media company for the sale of its Keystone technology. The company received an exception to the Nasdaq Listing Rule regarding stockholders' equity requirements. CEO Gavin Burnett expresses confidence in the company's growth strategy and profitability.
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Locafy announces strategic commercial partnership with TransUnion to boost publishing network by 34% and automate SEO products based on listing content.
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Locafy achieves growth surge after partnering with Method, an Australian digital marketing agency specializing in website development, SEO, social media strategy, branding, and copywriting.
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Locafy to present at H.C. Wainwright Global Investment Conference
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Locafy has regained compliance with Nasdaq's stockholders' equity requirement, granted exception until October 31, 2023. Believes compliance is due to cost-cutting measures and successful trials of Keystone SEO technology agreement. Must file annual report by October 31, 2023, to maintain compliance.
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FAQ

What is the current stock price of Locafy Ordinary Share (LCFY)?

The current stock price of Locafy Ordinary Share (LCFY) is $5.996 as of November 4, 2024.

What is the market cap of Locafy Ordinary Share (LCFY)?

The market cap of Locafy Ordinary Share (LCFY) is approximately 7.7M.

What is Locafy Limited's primary business?

Locafy Limited specializes in local search engine marketing through its software-as-a-service (SaaS) platform, helping businesses increase their online visibility.

What are the main segments Locafy operates in?

Locafy operates through three main segments: Publishing, Reseller, and Channel Sales.

What is the Article Accelerator?

The Article Accelerator is Locafy's specialized SEO technology designed to improve the visibility of advertorials in online search results.

Who are some of Locafy's key partners?

Locafy has partnerships with firms like Localista and diDNA, enhancing its digital publishing and advertising capabilities.

What are some recent achievements of Locafy?

Recent achievements include acquiring the digital assets of Scoop, launching the Hotfrog Proximity Page application with Yext, and entering agreements with diDNA.

Where does Locafy derive most of its revenue?

Locafy derives the majority of its revenue from Australia and New Zealand.

What is the Hotfrog Proximity Page?

Hotfrog Proximity Page is an application developed in partnership with Yext to help businesses enhance their online presence and drive traffic.

How has Locafy improved its financial condition?

Locafy has reduced its cost of sales and operating expenses significantly, positioning itself for break-even profitability.

What is Locafy's mission?

Locafy's mission is to revolutionize the $700 billion SEO sector by making search engine marketing fast, easy, and automated for businesses.

Where can I find more information about Locafy?

More information about Locafy can be found on their investor relations website at investor.locafy.com.

Locafy Limited Ordinary Share

Nasdaq:LCFY

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LCFY Stock Data

7.66M
1.28M
22.44%
0.01%
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