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Locafy Ltd. ( (LCFY) ) has issued an announcement.
Locafy Limited, on August 20, 2025, announced that its Audit Committee has determined that the company’s consolidated financial statements for the year ended June 30, 2024, should not be relied upon due to identified errors. The company plans to restate these financial statements to correct a misstatement related to employee service-related performance rights. This restatement will be reflected in an amended annual report, highlighting the company’s commitment to accurate financial reporting. The discussions regarding these issues involved the company’s former independent accounting firm, Grant Thornton Audit Pty Ltd.
The most recent analyst rating on (LCFY) stock is a Hold with a $5.00 price target. To see the full list of analyst forecasts on Locafy Ltd. stock, see the LCFY Stock Forecast page.
Spark’s Take on LCFY Stock
According to Spark, TipRanks’ AI Analyst, LCFY is a Neutral.
The overall stock score for Locafy Ltd. is primarily impacted by its financial challenges, with persistent losses and negative cash flows posing significant risks. Technical analysis provides a mixed outlook with some short-term positive momentum. The lack of valuation metrics further complicates the assessment.
To see Spark’s full report on LCFY stock, click here.
More about Locafy Ltd.
Average Trading Volume: 1,777,879
Technical Sentiment Signal: Sell
See more data about LCFY stock on TipRanks’ Stock Analysis page.