Locafy Ltd

NASDAQ:LCFYUnited States

Nov 12, 2024

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• Locafy Reports Fiscal First Quarter 2025 Results, from 4:15PM ET on Tuesday Nov 12, 2024 by Dow Jones

  4:15PM ET on Tuesday Nov 12, 2024 by Dow Jones
  Companies Mentioned: LCFY
  
  This press release contains "forward-looking statements" that are subject to substantial risks and uncertainties. All statements, other than statements of historical fact, contained in this press release are forward-looking statements. Forward-looking statements contained in this press release may be identified by the use of words such as "subject to", "believe," "anticipate," "plan," "expect," "intend," "estimate," "project," "may," "will," "should," "would," "could," "can," the negatives thereof, variations thereon and similar expressions, or by discussions of strategy, although not all forward-looking statements contain these words. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, they do involve assumptions, risks, and uncertainties, and these expectations may prove to be incorrect. You should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company's actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors and risk factors, including those discussed in the Company's filings with the Securities and Exchange Commission (the "SEC"), including the Company's Annual Report on Form 20-F filed with the SEC on November 12, 2024, and available on its website (http://www.sec.gov). All forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these factors. Other than as required under the securities laws, the Company does not assume a duty to update these forward-looking statements.
  

• Press Release: Locafy Reports Fiscal First Quarter 2025 Results, from 4:15PM ET on Tuesday Nov 12, 2024 by Dow Jones

  4:15PM ET on Tuesday Nov 12, 2024 by Dow Jones
  Companies Mentioned: LCFY
  
  This press release contains "forward-looking statements" that are subject to substantial risks and uncertainties. All statements, other than statements of historical fact, contained in this press release are forward-looking statements. Forward-looking statements contained in this press release may be identified by the use of words such as "subject to", "believe," "anticipate," "plan," "expect," "intend," "estimate," "project," "may," "will," "should," "would," "could," "can," the negatives thereof, variations thereon and similar expressions, or by discussions of strategy, although not all forward-looking statements contain these words. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, they do involve assumptions, risks, and uncertainties, and these expectations may prove to be incorrect. You should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company's actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors and risk factors, including those discussed in the Company's filings with the Securities and Exchange Commission (the "SEC"), including the Company's Annual Report on Form 20-F filed with the SEC on November 12, 2024, and available on its website (http://www.sec.gov). All forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these factors. Other than as required under the securities laws, the Company does not assume a duty to update these forward-looking statements.
  

• Press Release: Locafy Reports Fiscal Fourth Quarter and Full Year 2024 Results, from 4:05PM ET on Tuesday Nov 12, 2024 by Dow Jones

  4:05PM ET on Tuesday Nov 12, 2024 by Dow Jones
  Companies Mentioned: LCFY
  payables 1,252,503 1,289,251 2,507,573 Borrowings 271,600 271,600 301,600 Provisions 211,300 226,547 214,465 Accrued expenses 496,749 357,776 512,611 Lease liabilities 128,669 120,287 85,165 Contract and other liabilities 147,640 139,120 152,211 ------------ ------------ ------------ Current liabilities 2,508,461 2,404,581 3,773,625 ------------ ------------ ------------ Lease liabilities 203,909 269,500 332,578 Provisions 133,399 124,009 138,721 Non-current liabilities 337,308 393,509 471,299 ------------ ------------ ------------ Total liabilities 2,845,769 2,798,090 4,244,924 ------------ ------------ ------------ Net assets 3,311,730 3,857,809 4,989,957 ------------ ------------ ------------ Equity Issued capital 48,588,888 47,805,798 47,930,486 Reserves 2,925,679 2,696,635 2,404,933 Accumulated losses (48,202,837) (46,644,624) (45,345,462) ------------ ------------ ------------ Total equity 3,311,730 3,857,809 4,989,957 ------------ ------------ ------------ Locafy Limited Consolidated Statement of Cash Flows 3 months to 30 Jun 2023 FY2024 FY2023 AUD $ AUD $ AUD $ (unaudited) (audited) (audited) Cash flows from operating activities Receipts from customers (inclusive of GST) 605,855 3,098,793 4,463,725 Payments to suppliers and employees (inclusive of GST) (475,965) (4,658,997) (7,005,510) R&D Tax Incentive and government grants - 561,501 386,181 Financial cost (16,539) (114,199) (105,367) ------------ ---------- ---------- Net cash used by operating activities 113,351 (1,112,902) (2,260,971) ------------ ---------- ---------- Cash flows from investing activities Purchase of intellectual property (492,943) (2,166,587) (1,617,446) Purchase of property, plant and equipment - - (2,170) Maturity of term deposit - 40,000 - ------------ ---------- ---------- Net cash used by investing activities (492,943) (2,126,587) (1,619,616) ------------ ---------- ---------- Cash flows from financing activities Proceeds from issue of shares 202,304 769,936 3,295,822 Payment for share issue costs (22,310) (313,643) (403,373) Repayment of borrowings - (30,000) (6,500) Leasing liabilities (29,228) (85,165) (32,673) ------------ ---------- Net cash from financing activities 150,766 341,128 2,853,276 ------------ ---------- ---------- Net decrease in cash and cash equivalents (228,826) (2,898,361) (1,027,311) Net foreign exchange difference 20,111 (464) 118,276 Cash and cash equivalents at the beginning of the period 484,590 3,174,700 4,083,735 ------------ ---------- ---------- Cash and cash equivalents at the end of the period 275,875 275,875 3,174,700 ------------ ---------- --
  

• Locafy Reports Fiscal Fourth Quarter and Full Year 2024 Results, from 4:05PM ET on Tuesday Nov 12, 2024 by Dow Jones

  4:05PM ET on Tuesday Nov 12, 2024 by Dow Jones
  Companies Mentioned: LCFY
  payables 1,252,503 1,289,251 2,507,573 Borrowings 271,600 271,600 301,600 Provisions 211,300 226,547 214,465 Accrued expenses 496,749 357,776 512,611 Lease liabilities 128,669 120,287 85,165 Contract and other liabilities 147,640 139,120 152,211 ------------ ------------ ------------ Current liabilities 2,508,461 2,404,581 3,773,625 ------------ ------------ ------------ Lease liabilities 203,909 269,500 332,578 Provisions 133,399 124,009 138,721 Non-current liabilities 337,308 393,509 471,299 ------------ ------------ ------------ Total liabilities 2,845,769 2,798,090 4,244,924 ------------ ------------ ------------ Net assets 3,311,730 3,857,809 4,989,957 ------------ ------------ ------------ Equity Issued capital 48,588,888 47,805,798 47,930,486 Reserves 2,925,679 2,696,635 2,404,933 Accumulated losses (48,202,837) (46,644,624) (45,345,462) ------------ ------------ ------------ Total equity 3,311,730 3,857,809 4,989,957 ------------ ------------ ------------ Locafy Limited Consolidated Statement of Cash Flows 3 months to 30 Jun 2023 FY2024 FY2023 AUD $ AUD $ AUD $ (unaudited) (audited) (audited) Cash flows from operating activities Receipts from customers (inclusive of GST) 605,855 3,098,793 4,463,725 Payments to suppliers and employees (inclusive of GST) (475,965) (4,658,997) (7,005,510) R&D Tax Incentive and government grants - 561,501 386,181 Financial cost (16,539) (114,199) (105,367) ------------ ---------- ---------- Net cash used by operating activities 113,351 (1,112,902) (2,260,971) ------------ ---------- ---------- Cash flows from investing activities Purchase of intellectual property (492,943) (2,166,587) (1,617,446) Purchase of property, plant and equipment - - (2,170) Maturity of term deposit - 40,000 - ------------ ---------- ---------- Net cash used by investing activities (492,943) (2,126,587) (1,619,616) ------------ ---------- ---------- Cash flows from financing activities Proceeds from issue of shares 202,304 769,936 3,295,822 Payment for share issue costs (22,310) (313,643) (403,373) Repayment of borrowings - (30,000) (6,500) Leasing liabilities (29,228) (85,165) (32,673) ------------ ---------- Net cash from financing activities 150,766 341,128 2,853,276 ------------ ---------- ---------- Net decrease in cash and cash equivalents (228,826) (2,898,361) (1,027,311) Net foreign exchange difference 20,111 (464) 118,276 Cash and cash equivalents at the beginning of the period 484,590 3,174,700 4,083,735 ------------ ---------- ---------- Cash and cash equivalents at the end of the period 275,875 275,875 3,174,700 ------------ ---------- --