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. reports recurring financial results and business updates as an OTCQB-traded provider of market data and financial applications. The company serves banks, brokerage firms, private equity firms, financial planners and sophisticated investors with stock market data, research information and related financial content.
QuoteMedia news commonly covers revenue trends, adjusted EBITDA, net income or loss, deferred revenue, enterprise contract activity and conference-call updates. Its operating updates reference streaming data feeds, on-demand XML/JSON data, financial web content for site integration and Quotestream Professional desktop and mobile applications.
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.
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QuoteMedia Inc (OTCQB:QMCI) announced its participation in the Planet MicroCap Showcase: Vegas 2023 on April 26, 2023, at 8:30 AM PST. CEO Dave Shworan will present details about the company and engage with attendees. QuoteMedia, recognized for providing quality financial market data and applications, offers services to banks, brokerages, and investors, presenting alternatives to larger firms. Their offerings include streaming data feeds and comprehensive market research tools. The company invites potential investors to schedule one-on-one meetings with Mr. Shworan during the event. For registration, individuals can visit the official site.
QuoteMedia, Inc. (OTCQB: QMCI) reported its fiscal year 2022 results, showing significant growth in revenue and profitability. Annual revenue surged by 16%, reaching $17.53 million, up from $15.17 million in 2021. Net income also improved, totaling $444,470, compared to $212,372 the previous year. Adjusted EBITDA rose to $2.73 million, up from $1.65 million. The company signed major agreements with two of Canada's largest banks and expects continued growth in 2023. Additionally, QuoteMedia achieved SOC2 Type II certification, enhancing its credibility in the financial services sector.
On March 24, 2023, QuoteMedia, Inc. (OTCQB: QMCI) announced its achievement of SOC 2 Type II accreditation. This certification verifies the company's capability to securely manage customer data and protect it from unauthorized access. The rigorous audit by an independent third party assessed various controls related to security, availability, processing integrity, confidentiality, and privacy. CEO Dave Shworan emphasized the significance of this accreditation in demonstrating QuoteMedia's commitment to the highest levels of security and reliability for its financial market data and solutions. This accomplishment showcases the company's dedication to maintaining a secure environment for customer data.
QuoteMedia, Inc. (OTCQB: QMCI) will present at the Planet MicroCap Showcase: VIRTUAL 2022 on December 7, 2022, at 12:30 PM EST. CEO Dave Shworan will discuss the company’s offerings for shareholders and potential investors. QuoteMedia provides market data and financial applications, competing with larger firms by offering comprehensive services like streaming data feeds and web content solutions. Interested viewers can access the presentation via the provided webcast link and register for the event. For more details about QuoteMedia, visit their website.