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 . 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.
Investor Relations Contact
Matt Glover or Matt Szot
Gateway Investor Relations
(949) 574-3860
LCFY@gateway-grp.com
-Financial Tables to Follow- Locafy Limited Consolidated Statement of Profit or Loss and Other Comprehensive Income (Unaudited) 3 months to 3 months to 30 Sep 2024 30 Sep 2024 AUD $ AUD $ Revenue 785,166 785,166 Other income 661,516 661,516 Technology expense (312,484) (312,484) Employee benefits expense (454,422) (454,422) Occupancy expense (27,761) (27,761) Advertising expense (21,021) (21,021) Consultancy expense (151,547) (151,547) Depreciation and amortization expense (452,072) (452,072) Other expenses (67,114) (67,114) Operating loss (39,739) (39,739) Financial cost (15,713) (15,713) ------------ ------------ Loss before income tax (55,452) (55,452) Income tax expense - - ------------ ------------ Loss for the period after tax (55,452) (55,452) ------------ ------------ Other comprehensive income Items that will be reclassified subsequently to profit and loss Exchange differences on translating foreign operations 22,320 22,320 ------------ ------------ Total comprehensive loss for the period (33,132) (33,132) ------------ ------------ Earnings per share Basic loss per share (0.04) (0.04) Diluted loss per share (0.04) (0.04) Locafy Limited Consolidated Statement of Financial Position As at As at As at 30 Sep 2024 30 Jun 2024 30 Jun 2023 AUD $ AUD $ AUD $ (unaudited) (audited) (audited) Assets Current assets Cash and cash equivalents 409,379 275,875 3,174,700 Trade and other receivables 1,493,217 904,564 1,288,513 Other assets 271,900 294,355 356,782 ------------ ------------ ------------ Total current assets 2,174,496 1,474,794 4,819,995 ------------ ------------ ------------ Non-current assets Property, plant and equipment 171,759 196,929 380,018 Right of use assets 251,760 280,810 314,596 Intangible assets 4,162,493 4.204,966 3,720,272 ------------ ------------ ------------ Total non-current assets 4,586,012 4,682,705 4,414,886 ------------ ------------ ------------ Total assets 6,760,508 6,157,499 9,234,881 ------------ ------------ ------------ Liabilities Current liabilities Trade and other payables 1,229,033 1,252,503 2,507,573 Borrowings 271,600 271,600 301,600 Provisions 187,130 211,300 214,465 Accrued expenses 380,283 496,749 512,611 Lease liabilities 131,162 128,669 85,165 Contract and other liabilities 153,192 147,640 152,211 ------------ ------------ ------------ Total current liabilities 2,352,400 2,508,461 3,773,625 ------------ ------------ ------------ Non-current liabilities Lease liabilities 170,183 203,909 332,578 Provisions 132,234 133,399 138,721 Total non-current liabilities 302,417 337,308 471,299 ------------ ------------ ------------ Total liabilities 2,654,817 2,845,769 4,244,924 ------------ ------------ ------------ Net assets 4,105,691 3,311,730 4,989,957 ------------ ------------ ------------ Equity Issued capital 49,366,644 48,588,888 47,930,486 Reserves 2,997,336 2,925,679 2,404,933 Accumulated losses (48,258,288) (48,202,837) (45,345,462) ------------ ------------ ------------ Total equity 4,105,692 3,311,730 4,989,957 ------------ ------------ ------------ Locafy Limited Consolidated Statement of Cash Flows 3 months to 30 Sep 2024 FY2024 FY2023 AUD $ AUD $ AUD $ (unaudited) (audited) (audited) Cash flows from operating activities Receipts from customers (inclusive of GST) 640,786 3,098,793 4,463,725 Payments to suppliers and employees (inclusive of GST) (916,112) (4,658,997) (7,005,510) R&D Tax Incentive and government grants - 561,501 386,181 Financial cost (15,713) (114,199) (105,367) ------------ ---------- ---------- Net cash used by operating activities (291,039) (1,112,902) (2,260,971) ------------ ---------- ---------- Cash flows from investing activities Purchase of intellectual property (355,381) (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 (355,381) (2,126,587) (1,619,616) ------------ ---------- ---------- Cash flows from financing activities Proceeds from issue of shares 821,814 769,936 3,295,822 Payment for share issue costs (29,492) (313,643) (403,373) Repayment of borrowings - (30,000) (6,500) Leasing liabilities (31,233) (85,165) (32,673) ------------ ---------- Net cash from financing activities 761,089 341,128 2,853,276 ------------ ---------- ---------- Net increase/(decrease) in cash and cash equivalents 114,669 (2,898,361) (1,027,311) Net foreign exchange difference 18,835 (464) 118,276 Cash and cash equivalents at the beginning of the period 275,875 3,174,700 4,083,735 ------------ ---------- ---------- Cash and cash equivalents at the end of the period 409,379 275,875 3,174,700 ------------ ---------- --
(MORE TO FOLLOW) Dow Jones Newswires
November 12, 2024 16:15 ET (21:15 GMT)
Comments