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Locafy Ltd is focused on commercializing its Software as a Service (SaaS) online publishing technology platform. Its platform enables the ability to publish almost any type of content to almost any device that uses a web browser to display web content. The firm has three operating segments: the Publishing segment, the Reseller segment, and the Channel sales segment. It derives a majority of its revenue from Australia and New Zealand.
Locafy Limited (Nasdaq: LCFY, LCFYW) (“Locafy” or the “Company”) is a globally recognized software-as-a-service technology company specializing in local search engine marketing. The Company recently announced the launch of Hotfrog Proximity Page, an application built in partnership with Yext, aiming to empower local businesses to create dynamic landing pages optimized for SEO performance. This innovative solution integrates Yext Content with Locafy’s SEO technology to enhance users’ online presence and drive traffic to their main websites. Locafy continues to revolutionize SEO and help businesses increase search engine relevance in a specific proximity.
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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.
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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.
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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.
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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.
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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.
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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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FAQ
What is the current stock price of Locafy Warrant (LCFYW)?
The current stock price of Locafy Warrant (LCFYW) is $42.98 as of January 23, 2025.
What is Locafy Limited focused on?
Locafy Ltd is focused on commercializing its Software as a Service (SaaS) online publishing technology platform.
What are the three operating segments of Locafy?
Locafy has three operating segments: the Publishing segment, the Reseller segment, and the Channel sales segment.
What partnership was announced by Locafy recently?
Locafy recently announced a partnership with Yext for the launch of Hotfrog Proximity Page, an application that empowers local businesses to create dynamic landing pages optimized for SEO performance.
How does Locafy help businesses increase search engine relevance?
Locafy integrates Yext Content with its SEO technology to enhance users’ online presence and drive traffic to their main websites, helping businesses increase search engine relevance.
Where does Locafy derive a majority of its revenue from?
Locafy derives a majority of its revenue from Australia and New Zealand.
Locafy Limited Warrant