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.
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