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.
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.
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.
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