Locafy Announces Updated Profitability Timeline for FY 2023
Retrieved on:
Monday, January 9, 2023
PERTH, Australia, Jan. 09, 2023 (GLOBE NEWSWIRE) -- Locafy Limited (Nasdaq: LCFY, LCFYW) (“Locafy” or “the Company”), a globally recognized software-as-a-service technology company specializing in local search engine marketing, today announced an updated timeline for achieving profitability during the 2023 full-year period.
Key Points:
- PERTH, Australia, Jan. 09, 2023 (GLOBE NEWSWIRE) -- Locafy Limited (Nasdaq: LCFY, LCFYW) (“Locafy” or “the Company”), a globally recognized software-as-a-service technology company specializing in local search engine marketing, today announced an updated timeline for achieving profitability during the 2023 full-year period.
- Locafy’s recent execution on this strategy positions the Company to reach profitability in the coming months.
- “The last few months have been transformational for our technology, client base, and team,” said Locafy CEO, Gavin Burnett.
- With our current projections in mind and after completing several cost-reduction initiatives, we expect Locafy to be profitable by the beginning of April.