Locafy Announces First Subscription Contract From Agreement With U.S.-Based Media Publisher
Portfolio Pulse from Benzinga Newsdesk
Locafy Limited (NASDAQ: LCFY), a SaaS company specializing in search engine marketing, announced its first subscription contract from a U.S.-based media publisher to improve online rankings for advertorials using Locafy's Keystone technology. This follows successful trials showing the technology's ability to rank advertorials on Page 1 of Google search results. The contract could lead to recurring revenue as Locafy works to expand its technology's use across the publisher's advertising agency clients. The market for Locafy's Article Accelerator is substantial and largely untapped, with potential growth as AI-generated content increases.

December 12, 2023 | 1:13 pm
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Locafy's first subscription contract with a major U.S. media publisher for its Keystone technology indicates potential for recurring revenue and growth in the SEO market. The successful trials and the publisher's confidence suggest a positive outlook for Locafy's business.
The announcement of the first subscription contract from a major media publisher is a significant milestone for Locafy, indicating market validation of its technology and the potential for future revenue growth. The successful trials and the publisher's decision to proceed with a subscription suggest a positive market response, which could lead to increased investor confidence and a potential rise in stock price in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100