Welcome to our dedicated page for Quotemedia news (Ticker: QMCI), a resource for investors and traders seeking the latest updates and insights on Quotemedia stock.
Quotemedia Inc (QMCI) delivers essential financial market data solutions to global institutions through real-time streaming feeds and API integrations. This dedicated news hub provides investors and financial professionals with comprehensive updates about the company's operational developments and market position.
Access authoritative information on QMCI's latest business milestones, including product innovations, partnership announcements, and strategic initiatives within the financial data sector. Our curated collection ensures you stay informed about critical updates affecting market data services, technology enhancements, and industry compliance matters.
Key updates include earnings reports, executive leadership changes, platform upgrades, and client acquisition announcements. All content undergoes rigorous verification to maintain factual accuracy and relevance for decision-makers in brokerage, banking, and financial technology sectors.
Bookmark this page for streamlined access to QMCI's verified news updates and press releases. Regularly updated content helps stakeholders monitor the company's progress in delivering cutting-edge financial information solutions to global markets.
QuoteMedia (OTCQB: QMCI), a provider of market data and financial applications, reported its Q1 2025 financial results. The company achieved record quarterly revenue of $4.82 million, representing a 3% increase (5% FX-neutral) from Q1 2024's $4.68 million. However, financial performance showed some challenges with Adjusted EBITDA declining to $368,269 from $676,886 in Q1 2024, and net loss widening to $499,811 compared to $28,176 in Q1 2024.
The increased loss was primarily attributed to a change in the treatment of development costs, with the company now capitalizing a lower proportion of these expenses. Management expects profitability improvements in future quarters while maintaining revenue growth momentum throughout 2025.
QuoteMedia (OTCQB: QMCI), a market data and financial applications provider, reported challenging financial results for fiscal year 2024. Annual revenue decreased by 1% to $18.74 million from $18.91 million in 2023. The company recorded a net loss of $1.33 million compared to a net income of $361,584 in 2023.
The decline was attributed to three major setbacks: a large client reducing their spending, loss of an enterprise customer due to acquisition, and discontinuation of services by a long-term client facing financial difficulties. The latter also resulted in a significant bad debt write-off in H2 2024.
Despite these challenges, QuoteMedia has reportedly secured new contracts that exceed the lost recurring revenue. The company projects Q1 2025 to deliver the highest revenue in its history.
QuoteMedia (OTCQB: QMCI) reported its Q3 2024 financial results, showing a 1% decrease in quarterly revenue to $4.69 million from $4.76 million in Q3 2023. The company experienced an 8% increase in deferred revenue of $160,656 during the quarter. Adjusted EBITDA declined to $366,549 from $719,547 in Q3 2023. The quarter was challenging due to the loss of a significant client facing financial difficulties, which impacted revenue and increased bad debt allowance. The company expects improved revenue growth and profitability in 2025 through cost optimization measures and potential new client signings.
QuoteMedia (OTCQB: QMCI) reported financial results for Q2 2024, showing a slight decrease in quarterly revenue to $4,675,946, down 1% from Q2 2023. The company experienced a net loss of $251,173 compared to a net income of $73,036 in the same period last year. Despite the decline in revenue and profitability, QuoteMedia highlighted a $341,745 increase in deferred revenue during the quarter.
Chairman Robert J. Thompson emphasized that the financial numbers don't tell the whole story, pointing to growth in proprietary data sets and upcoming product launches. The company is set to introduce advanced technical charting, new web content systems, and paper trading capabilities later this year. QuoteMedia continues to engage in discussions with prospective clients regarding major proposals.
QuoteMedia, a provider of market data and financial applications, announced a new partnership with Berkindale Analytics to supply North American market data for Berkindale's advanced analytics platform. QuoteMedia will deliver real-time and historical data feeds covering U.S. and Canadian exchanges via low-latency REST APIs and End-of-Day Data Services. Berkindale Analytics aims to enhance its data analytics offerings with these feeds, leveraging deep analytics solutions powered by machine learning and sentiment analysis. The collaboration seeks to modernize clients' market data strategies, providing comprehensive market activity insights.
QuoteMedia (OTCQB: QMCI) reported its Q1 2024 financial results on May 13, 2024.
The company's revenue decreased by 1% from $4,750,048 in Q1 2023 to $4,679,200 in Q1 2024. Adjusted EBITDA fell to $676,886 from $829,585, and the net loss for Q1 2024 was $28,176 compared to a net income of $113,290 in Q1 2023.
Chairman Robert J. Thompson attributed the revenue decline to economic conditions forcing some clients to reduce or discontinue their spending with QuoteMedia. However, he expressed optimism about potential new clients in the pipeline, expecting revenue growth later in the year.
QuoteMedia will host a conference call on May 14, 2024, to discuss these results and provide a business update.
QuoteMedia, a financial market data and technology solutions provider, expands its global data offerings by supporting the Cboe One Canada Feed, a real-time Canadian equities market data solution by Cboe Global Markets. The Feed covers all four trading venues operated by Cboe Canada and includes trading volume from all Canadian markets, offering unique coverage of over 260 securities listed on Cboe Canada. This collaboration enhances QuoteMedia's range of exchange price feeds, empowering investors to make informed decisions.
FAQ
What is the current stock price of Quotemedia (QMCI)?
What is the market cap of Quotemedia (QMCI)?
