Locafy Regains Compliance with Nasdaq Stockholders’ Equity Requirement
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 20 2023
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Should l Buy LCFY?
Source: businesswire
- Locafy Compliance with Nasdaq Listing Rule 5550(b)(1): Locafy Limited received a notice from Nasdaq confirming compliance with the minimum stockholders' equity requirement for continued listing.
- Panel Monitor Requirement: The company will have a mandatory panel monitor for one year as per Nasdaq Listing Rule 5818(d)(4)(B).
- Background on Compliance Issue: Locafy had previously received a Notice of non-compliance in March 2022 but regained compliance by filing required reports by October 31, 2023.
- About Locafy: Locafy is a software-as-a-service technology company specializing in local search engine marketing, aiming to revolutionize the SEO sector.
- Forward-Looking Statements: The press release contains forward-looking statements subject to risks and uncertainties, urging caution in relying solely on these statements.
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Analyst Views on LCFY
About LCFY
Locafy Limited is engaged in the commercialization of company’s developed technologies. The Company has developed online marketing technology (Technology) delivered in a automated manner via a Software-as-a-Service (SaaS) model. Its technology publishes content on search engine optimized (SEO) Web pages that it hosts and manages. The Company’s segments include Publishing and SEO Agency. The Publishing segment includes products and services related to digital properties (that is mastheads) that it owns business data published on Hotfrog, advertising placed on AussieWeb, articles published on scoop.com.au. The SEO Agency segment products and services are applied to digital properties that are owned and operated by third parties. Its consumer-related online searches include local search terms for products and services that are in close proximity to the consumer’s immediate location and national search terms for non-location specific products and services.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Market Expansion: The adoption of Locafy's Localizer platform by 145 independent State Farm agencies demonstrates widespread acceptance in the insurance sector, which not only boosts the company's market share but also lays the groundwork for future sales growth.
- Partner-Driven Performance: Collaborating with Growth Pro Agency, Locafy has achieved significant results in the home services sector, with one roofing client booking five new jobs directly attributable to SEO within the first month, validating the effectiveness of its solutions.
- Product Roadmap Execution: Locafy is on track to deploy advanced AEO reporting and analytics capabilities by the end of 2025, ensuring continuous product innovation that enhances customer satisfaction and strengthens competitive positioning.
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- Market Expansion: The adoption of Locafy's Localizer platform by 145 independent State Farm agencies demonstrates ongoing penetration in the insurance sector, further driving overall sales growth.
- Partner Performance: Collaborating with Growth Pro Agency, Locafy has achieved significant results in the home services sector, with one roofing client booking five new jobs directly attributable to SEO within the first month, validating the effectiveness of its solutions.
- Product Roadmap: Locafy is on track to deploy advanced AEO reporting and analytics capabilities by the end of 2025, ensuring continuous product innovation to meet market demands, thereby enhancing customer satisfaction and competitive positioning.
See More
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See More
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