Locafy Ltd. (LCFY) has released an update.
Locafy Ltd., a SaaS company specializing in local search engine marketing, has reported a significant decrease in operating expenses by $3.6 million year-over-year in the first half of fiscal 2024, due to cost reduction initiatives. Despite a 28.3% drop in operating revenue, the company has launched new products like the Hotfrog Proximity Page and entered into strategic partnerships with diDNA and Localista, indicating a pivot towards becoming a global publisher and media organization.
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