Locafy Limited Warrant - LCFYW STOCK NEWS

Locafy, a NASDAQ-listed SaaS company specializing in “Entity-Based” SEO, announced its first contracts through a partnership with AdTech provider diDNA. The contracts involve US and Australian media publishers using Locafy's Article Accelerator technology. Locafy will earn a percentage of advertising revenue and service fees. CEO Gavin Burnett highlighted the impact of recent search engine algorithm updates on web traffic and paid content revenue. The partnership aims to assist publishers in maintaining paid article offerings and enhancing SEO, which is expected to boost website traffic and advertising revenue. The combined offering will target 40,000 potential publishers, initially focusing on high-value advertising categories in the US and Australia.

Locafy, a software-as-a-service company focused on programmatic 'Entity-Based' search engine marketing, announced that its CEO, Gavin Burnett, will present at the 'Charting the Course: Navigating the Intersection of TMT and Business in the AI Era' Conference. This Maxim Group event, scheduled for June 4, 2024, at 4:30 p.m. ET, will discuss how emerging technologies, including AI, are driving innovation across industries like drones, IoT, gaming, and entertainment. The conference will feature dialogues with CEOs and key management teams about the impact of technology on business growth and innovation.

Locafy , a software-as-a-service technology company specializing in SEO, reported fiscal third-quarter results with a focus on near-term profitability following a revamped approach and cost reduction initiatives. The introduction of a new pay-per-click SEO pricing model has gained traction, resulting in a record gross margin of 83.6%. The company expects increased sales velocity and subscription revenue opportunities from the new model. While total operating revenue decreased, cost reduction measures led to lower expenses and improved gross margins. The company is confident in its revamped product offering and go-to-market strategy and aims for steady growth and profitability in the coming quarters.

Locafy (LCFY) introduces innovative value-based pricing model for its SEO product to drive increased recurring subscription revenues. Successful trials show significant added advertising value and increased revenue potential for clients. The company aims to capture a share of the global online advertising market dominated by Google.

Locafy reports a $3.6 million year-over-year decrease in operating expenses in the fiscal first half of 2024. The company highlights partnerships with diDNA and Localista, along with the launch of Hotfrog Proximity Page application. Financial results show a 28.3% decrease in total operating revenue, with subscription revenue down by 34.4%. Operating expenses decreased by 51.6%, resulting in a net loss of $1.4 million.

Locafy (LCFY) announces the launch of Hotfrog Proximity Page, a collaboration with Yext to enhance online presence and drive traffic. The application combines Yext Content with Locafy's SEO technology to create dynamic landing pages for local businesses. Partners are currently piloting the application with a broader rollout expected in 2024.

Locafy Limited partners with diDNA to enhance digital properties and promote Article Accelerator technology to publishers, aiming to maximize revenue and readership. The agreement includes deploying diDNA software across Locafy's directories and recent acquisitions, with a focus on revitalizing underperforming websites and increasing advertorial visibility in search results.

Locafy Limited announces agreements with Localista to acquire digital assets of Scoop, provide SEO consulting services, and add Localista's sales team as a reseller. The deal aims to enhance Locafy's online presence and expand its product offerings in the Australian lifestyle and travel market.

Locafy Limited (Nasdaq: LCFY, LCFYW) regained compliance with Nasdaq Listing Rule 5550(b)(1) for the minimum stockholders' equity requirement of $2,500,000 on October 31, 2023. The company will be subject to a mandatory panel monitor for one year from that date. Locafy had previously received a Notice from Nasdaq on March 31, 2022, regarding non-compliance with the Stockholders' Equity Requirement, but was granted an exception by the Panel in August 2023, subject to certain conditions. The company filed an Annual Report on Form 20-F for the year ended June 30, 2023, by October 31, 2023, demonstrating compliance with the Stockholders' Equity Requirement.