Locafy Reports 31% Revenue Growth, Cuts Net Loss by $1.3M in Fiscal Nine-Month Period
LCFY sits 32% above its 52-week low of $2.5 on light trading volume (0.2× avg).
Summary
Locafy reported strong financial results for the first nine months of fiscal 2026, with revenue growing 31% to $3.1 million and net loss significantly narrowing by $1.3 million to $2.2 million. Monthly recurring revenue (MRR) also jumped 53% year-over-year to $399,000. This positive update, driven by subscription growth and reduced operating expenses, follows recent insider buying by the COO, signaling management's confidence. The company is also preparing to launch its new 'Poseidon' AEO platform in July, which could be a key driver for future growth.
At the time of this announcement, LCFY was trading at $3.29 on NASDAQ in the Technology sector, with a market capitalization of approximately $6.7M. The 52-week trading range was $2.50 to $13.98. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: GlobeNewswire.