Locafy Limited Overcomes Nasdaq Filing Setback, Secures Compliance Victory

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**Locafy Limited Overcomes Nasdaq Filing Setback, Secures Compliance Victory**
*PERTH, Australia, July 08, 2026 (GLOBE NEWSWIRE) — Locafy Limited (Nasdaq: LCFY, LCFYW), a globally recognized SaaS provider of location‑based SEO solutions, announced today that it has resolved the recent Nasdaq filing deficiency and regained full compliance with exchange listing standards.*

### Introduction
In early June, Locafy received a notice from Nasdaq indicating that its Form 10‑Q for the quarter ended March 31, 2026 contained incomplete disclosures related to revenue recognition for its newest geo‑targeted analytics module. The warning threatened a potential delisting if the issue remained unaddressed beyond the 30‑day cure period. The company’s swift response has now turned a regulatory hiccup into a demonstration of its governance rigor.

### Key Developments
Locafy’s internal audit team, working alongside external counsel, identified the missing revenue‑allocation notes and filed an amended 10‑Q on July 2, 2026. The amendment clarified how the company allocates subscription fees across its multi‑tenant platform, aligning with ASC 606 guidelines. Nasdaq confirmed receipt of the corrected filing and issued a compliance letter on July 5, stating that Locafy meets all continued listing requirements.

Financially, the amendment had no material impact on reported earnings; Q1 2026 revenue remained at $84.3 million, up 12 % year‑over‑year. The episode also prompted Locafy to upgrade its internal controls, adding automated validation checkpoints for future SEC submissions.

### Industry Analysis
The location‑based SEO SaaS niche has grown at a compound annual rate