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Locate Technologies Limited (ASX:LOC)

ALERT: Price-sensitive ASX Announcement for LOC
Current share price for LOC : $0.056 -0.014 (-20%)+
Announcement
Release
26 Aug 2025 6:03PM
Price at Release
$0.070
Full Release
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Summary
The document is the Appendix 4E Preliminary Final Report for Locate Technologies Limited (LOC) for the financial year ended 30 June 2023. It presents an overview of the company's statutory and operational performance, including financial results, significant changes, and material business activities. The report notes a decrease in revenue due to a loss of a major customer in the previous year but highlights improvements in gross profit margins and reduced operating expenses. The document outlines the company’s focus on cost control, business growth, and product development. It also covers the composition of the board, audit and risk management, remuneration, shareholding, and corporate governance. Moreover, the report provides financial statements, auditor’s review, compliance statements, and details of related party transactions. No dividends were paid or recommended for the period. The document affirms that there have been no material subsequent events that would affect the results as presented.
Key Points
  • Appendix 4E Preliminary Final Report for the year ended 30 June 2023
  • Company: Locate Technologies Limited (LOC)
  • Decrease in revenue compared to the previous year due to the loss of a major customer
  • Gross profit margins improved and operating expenses reduced
  • Focus on cost control, business growth, and product development
  • No dividends declared or paid during the period
  • Financial statements and auditor’s review included
  • Corporate governance, board composition, audit, and remuneration discussed
  • Related party transactions disclosed
  • No material subsequent events affecting the presented results
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.