Quarterly ResultJun 26, 2026, 08:02 AM
Locafy 9-Month Revenue $3.1M (+29%), Net Loss Improves 36% to $2.2M
AI Summary
Locafy Ltd reported strong financial results for the fiscal nine-month period ended March 31, 2026, with total operating revenue increasing 29% to $3.1 million. The company significantly improved its net loss by 36% to $2.2 million, driven by a 13% reduction in operating expenses and a 36% rise in subscription revenues. Locafy is also on track to launch its advanced AEO SaaS platform, "Poseidon," in July 2026.
Key Highlights
- Total operating revenue increased 29% to $3.1 million for the nine months ended March 31, 2026.
- Subscription revenues rose 36% to $3.0 million in the nine-month period.
- Net loss improved by 36% to $2.2 million, or $1.16 per share.
- Operating expenses decreased 13% to $5.2 million.
- Monthly Recurring Revenue (MRR) was $399,000, up 53% year-over-year.
- Company is preparing for the launch of its "Poseidon" AEO SaaS platform in July 2026.
Price Impact
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