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home / news releases / LCFY - Locafy stock climbs premarket as prelim FY22 revenue nearly doubles

LCFY - Locafy stock climbs premarket as prelim FY22 revenue nearly doubles

Locafy Limited
  • Locafy ( NASDAQ: LCFY ) stock jumped 21.4% premarket on Wednesday after the firm reported prelim. FY22 revenue of A$4.2M, up ~92% Y/Y, and gross profit growth of ~81%.
  • Total number of distribution partners grew 421% to 135 as at Jun. 30.
  • Monthly recurring revenue for Jul. is expected to be ~$500K based on current contracts, up ~110% Y/Y.
  • "Locafy is now focused on achieving profitability in FY23 through a combination of cost management, profitable organic growth and profit-accretive acquisitions," said CEO Gavin Burnett.

For further details see:

Locafy stock climbs premarket as prelim FY22 revenue nearly doubles
Stock Information
Company Name: Locafy Limited
Stock Symbol: LCFY
Market: NASDAQ
Website: locafy.com
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