Locafy Nears Profitability with SEO Model Success
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Locafy Nears Profitability with SEO Model Success

Locafy Ltd. (LCFY) has released an update.

Locafy Ltd. has reported a notable increase to a record quarterly gross margin of 83.6% and is moving towards profitability with a new pay-per-click SEO pricing model that is well-received across various market sectors. Despite a 28.3% decrease in total operating revenue and a dip in subscription revenue, the company has successfully reduced costs and anticipates revenue growth due to their revamped products and pricing strategy. These positive developments, along with a significant contract with Localista and the introduction of new SEO solutions to the market, position Locafy optimistically for the upcoming fiscal year.

For further insights into LCFY stock, check out TipRanks’ Stock Analysis page.

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