Locafy Q3 EPS AUD$(0.97), Revenue AUD$4.1M Vs AUD$2.9M YoY
Portfolio Pulse from Benzinga Newsdesk
Locafy reported Q3 2023 financial results with a 39% YoY increase in total operating revenue to AUD$4.1M, driven by subscription sales and data partner revenues. Subscription revenue increased 42% to $3.1M, while gross margin improved to 77.6%. Net loss was $5.0M, or $4.90 per diluted share.
June 15, 2023 | 12:19 pm
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Locafy's Q3 2023 financial results show a 39% YoY increase in total operating revenue to AUD$4.1M, driven by subscription sales and data partner revenues. Gross margin improved to 77.6%, while net loss was $5.0M, or $4.90 per diluted share.
Locafy's Q3 2023 financial results show strong growth in total operating revenue and subscription revenue, driven by an expanding reseller customer base and new products. The improved gross margin indicates better cost management, which could positively impact the stock price in the short term. However, the net loss has increased, which may limit the stock's upside potential.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100