Locafy Receives Nasdaq Notification Regarding Delayed Filing of Interim Financials
Compliance Notice from Nasdaq: Locafy Limited received a notice from Nasdaq indicating non-compliance with Listing Rule 5250(c)(2) due to the failure to file an interim balance sheet and income statement for Q2 2024, but this does not immediately affect its listing or trading status.
Plan for Compliance: The company has 60 days to submit a compliance plan to Nasdaq, which could lead to an extension of up to 180 days to regain compliance; however, there is no guarantee that the plan will be accepted.
Get Free Real-Time Notifications for Any Stock
Analyst Views on LCFYW
No data
About the author
Locafy Sees Sales Growth as Localizer Product Gains Traction in Insurance Industry
Rapid Adoption of AI Marketing Platform: In just two weeks, 74 independent State Farm agencies have adopted Locafy's AI-driven marketing platform, generating over US$51,000 in monthly recurring revenue (MRR) and indicating strong demand for AI-enhanced marketing solutions in the insurance sector.
Locafy's Technology and Market Potential: Locafy's Localizer solution helps businesses achieve top rankings in local search results, leveraging proprietary technology to enhance visibility in both Google and AI search engines, with significant growth opportunities identified in various local service industries beyond insurance.
Locafy Receives Nasdaq Notification Regarding Delayed Filing of Interim Financials
Locafy Compliance Issue: Locafy Limited received a notice from Nasdaq for not filing required financial statements, giving them until September 1, 2025, to submit a compliance plan.
Company Background: Locafy is a SaaS company focused on local search engine marketing, aiming to enhance visibility in proximity-based searches within the $700 billion SEO sector.