Locafy (NASDAQ:LCFY) Announces Quarterly Earnings Results

Locafy (NASDAQ:LCFY) posted its quarterly earnings results on Friday. The company reported ($0.28) earnings per share (EPS) for the quarter, Zacks reports. The company had revenue of $0.83 million during the quarter.

Locafy Stock Down 4.3%

Shares of NASDAQ LCFY opened at $3.58 on Friday. Locafy has a 52 week low of $2.50 and a 52 week high of $13.98. The firm’s fifty day moving average is $4.07 and its 200 day moving average is $3.91. The company has a market cap of $6.44 million, a price-to-earnings ratio of -3.44 and a beta of 1.61.

Insiders Place Their Bets

In other news, COO Jason Dale Jackson purchased 9,285 shares of the company’s stock in a transaction on Thursday, April 2nd. The stock was acquired at an average price of $4.20 per share, with a total value of $38,997.00. Following the transaction, the chief operating officer directly owned 11,050 shares of the company’s stock, valued at approximately $46,410. This represents a 526.06% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 28.70% of the stock is owned by insiders.

Locafy Company Profile

Locafy (NASDAQ:LCFY) is a technology company that offers a cloud-based software platform designed to streamline and automate local search marketing for multi-location businesses. Through its SaaS solution, Locafy enables brands to create, manage and optimize location-specific web pages and digital assets at scale, ensuring consistent and accurate information across search engines and online directories.

The Locafy platform leverages machine learning and automation to generate on-page SEO content, manage business listings and track local search performance.