QuoteMedia Announces Financial Results for Q1 2025
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), fornitore di dati di mercato e applicazioni finanziarie, ha comunicato i risultati finanziari del primo trimestre 2025. L'azienda ha raggiunto un fatturato trimestrale record di 4,82 milioni di dollari, con un incremento del 3% (5% al netto dell'effetto cambio) rispetto ai 4,68 milioni del primo trimestre 2024. Tuttavia, la performance finanziaria ha mostrato alcune difficoltà, con un EBITDA rettificato in calo a 368.269 dollari rispetto ai 676.886 del Q1 2024, e una perdita netta aumentata a 499.811 dollari rispetto ai 28.176 del primo trimestre 2024.
L'aumento della perdita è stato principalmente dovuto a una modifica nel trattamento dei costi di sviluppo, con l'azienda che ora capitalizza una quota inferiore di tali spese. La direzione prevede miglioramenti nella redditività nei prossimi trimestri, mantenendo al contempo lo slancio nella crescita dei ricavi per tutto il 2025.
QuoteMedia (OTCQB: QMCI), proveedor de datos de mercado y aplicaciones financieras, informó sus resultados financieros del primer trimestre de 2025. La compañía alcanzó un ingreso trimestral récord de 4,82 millones de dólares, lo que representa un aumento del 3% (5% sin considerar el efecto cambiario) respecto a los 4,68 millones del primer trimestre de 2024. Sin embargo, el desempeño financiero mostró algunos desafíos, con un EBITDA ajustado que disminuyó a 368,269 dólares desde 676,886 en el Q1 de 2024, y una pérdida neta que se amplió a 499,811 dólares en comparación con 28,176 en el mismo periodo del año anterior.
El aumento de la pérdida se atribuyó principalmente a un cambio en el tratamiento de los costos de desarrollo, ya que la compañía ahora capitaliza una menor proporción de estos gastos. La dirección espera mejoras en la rentabilidad en los próximos trimestres, manteniendo al mismo tiempo el impulso de crecimiento en los ingresos durante todo 2025.
QuoteMedia (OTCQB: QMCI)는 시장 데이터 및 금융 애플리케이션 제공업체로, 2025년 1분기 재무 실적을 발표했습니다. 회사는 분기 매출 사상 최고치인 482만 달러를 기록했으며, 이는 2024년 1분기의 468만 달러 대비 3%(환율 영향을 제외하면 5%) 증가한 수치입니다. 그러나 재무 성과에서는 일부 어려움이 나타났는데, 조정 EBITDA가 368,269달러로 2024년 1분기의 676,886달러에서 감소했고, 순손실은 499,811달러로 2024년 1분기의 28,176달러에서 확대되었습니다.
손실 증가의 주요 원인은 개발 비용 처리 방식의 변화로, 회사가 이제 이러한 비용의 자본화 비율을 낮춘 데 있습니다. 경영진은 2025년 내내 매출 성장 모멘텀을 유지하면서 향후 분기에는 수익성 개선을 기대하고 있습니다.
QuoteMedia (OTCQB : QMCI), fournisseur de données de marché et d'applications financières, a publié ses résultats financiers du premier trimestre 2025. La société a réalisé un chiffre d'affaires trimestriel record de 4,82 millions de dollars, soit une augmentation de 3 % (5 % hors effet de change) par rapport aux 4,68 millions de dollars du premier trimestre 2024. Cependant, la performance financière a montré quelques difficultés, avec un EBITDA ajusté en baisse à 368 269 dollars contre 676 886 dollars au premier trimestre 2024, et une perte nette qui s'est creusée à 499 811 dollars contre 28 176 dollars au premier trimestre 2024.
Cette augmentation de la perte est principalement attribuée à un changement dans le traitement des coûts de développement, la société capitalisant désormais une moindre proportion de ces dépenses. La direction prévoit une amélioration de la rentabilité dans les prochains trimestres tout en maintenant la dynamique de croissance du chiffre d'affaires tout au long de l'année 2025.
QuoteMedia (OTCQB: QMCI), ein Anbieter von Marktdaten und Finanzanwendungen, meldete seine Finanzergebnisse für das erste Quartal 2025. Das Unternehmen erzielte einen rekordverdächtigen Quartalsumsatz von 4,82 Millionen US-Dollar, was einem Anstieg von 3 % (5 % währungsbereinigt) gegenüber 4,68 Millionen US-Dollar im ersten Quartal 2024 entspricht. Die finanzielle Leistung zeigte jedoch einige Herausforderungen, mit einem bereinigten EBITDA, das auf 368.269 US-Dollar zurückging gegenüber 676.886 US-Dollar im Q1 2024, und einem erweiterten Nettoverlust von 499.811 US-Dollar im Vergleich zu 28.176 US-Dollar im ersten Quartal 2024.
Der erhöhte Verlust wurde hauptsächlich auf eine Änderung in der Behandlung der Entwicklungskosten zurückgeführt, wobei das Unternehmen nun einen geringeren Anteil dieser Ausgaben aktiviert. Das Management erwartet in den kommenden Quartalen eine Verbesserung der Rentabilität, während das Umsatzwachstum im gesamten Jahr 2025 aufrechterhalten wird.
- Record quarterly revenue of $4.82 million, up 3% YoY (5% FX-neutral)
- Management forecasts continued growth and highest ever annual revenue for 2025
- Net loss increased significantly to $499,811 from $28,176 in Q1 2024
- Adjusted EBITDA declined 46% to $368,269 from $676,886 in Q1 2024
- Change in development cost capitalization policy affecting profitability
PHOENIX, May 15, 2025 (GLOBE NEWSWIRE) -- QuoteMedia, Inc. (OTCQB: QMCI), a leading provider of market data and financial applications, announced financial results for the quarter ended March 31, 2025.
QuoteMedia provides banks, brokerage firms, private equity firms, financial planners and sophisticated investors with a more economical, higher quality alternative source of stock market data and related research information. We compete with several larger legacy organizations and a modest community of other smaller companies. QuoteMedia provides comprehensive market data services, including streaming data feeds, on-demand request-based data (XML/JSON), web content solutions (financial content for website integration) and applications such as Quotestream Professional desktop and mobile.
Highlights for Q1 2025 include the following:
- Quarterly revenue increased by
$145,156 (3% ) to$4,824,356 in Q1 2025 from$4,679,200 in Q1 2024. - On an FX-neutral basis (FXN), revenue growth for Q1 2025 vs Q1 2024 was
5% (1). - Adjusted EBITDA(1) for Q1 2025 was
$368,269 compared to$676,886 in Q1 2024, a reduction of$308,617. - Our net loss for Q1 2025 was
$499,811 compared to a net loss of$28,176 in Q1 2024, a decrease in profitability of$471,635.
“This was a successful quarter for QuoteMedia,” said Robert J. Thompson, Chairman of the Board. “As previously forecast, our quarterly revenue was the highest in company history, despite the challenges we faced in 2024. We expect to see continued growth throughout the year, culminating in our highest ever annual revenue.
“And, while we had a significant loss for the quarter and decreased Adjusted EBITDA, this was largely attributable to capitalizing a lower proportion of development costs than were capitalized in previous quarters. While this had no impact on cashflow, it increased development costs expensed in the quarter. This treatment of development costs will continue moving forward, however, we expect to see improvements in profitability in future quarters.
“This has been a good start to 2025, and we are excited about the opportunities ahead.”
QuoteMedia will host a conference call Friday, May 16, 2025, at 2:00 PM Eastern Time to discuss the Q1 2025 financial results and provide a business update.
Conference Call Details:
Date: May 16, 2025
Time: 2:00 PM Eastern Time
Dial-in numbers: 888-999-3182; 848-280-6330
Conference ID: QUOTEMEDIA
Or use the Conference Link below to bypass the operator: https://link.meetingpanel.com/?id=quotemedia_first_quarter_results
An audio rebroadcast of the call will be available later at: www.quotemedia.com
About QuoteMedia
QuoteMedia is a leading software developer and cloud-based syndicator of financial market information and streaming financial data solutions to media, corporations, online brokerages, and financial services companies. The Company licenses interactive stock research tools such as streaming real-time quotes, market research, news, charting, option chains, filings, corporate financials, insider reports, market indices, portfolio management systems, and data feeds. QuoteMedia provides industry leading market data solutions and financial services for companies such as the Nasdaq Stock Exchange, TMX Group (TSX Stock Exchange), Canadian Securities Exchange (CSE), London Stock Exchange Group, FIS, U.S. Bank, Bank of Montreal (BMO), Broadridge Financial Systems, JPMorgan Chase, Scotiabank, CI Financial, Canaccord Genuity Corp., Hilltop Securities, Zacks Investment Research, General Electric, Boeing, Bombardier, Telus International, Business Wire, PR Newswire, The Goldman Sachs Group, Regal Securities, ChoiceTrade, Cetera Financial Group, Dynamic Trend, Inc., Credential Qtrade Securities, CNW Group, iA Private Wealth, Ally Invest, Inc., Suncor, Leede Jones Gable, Firstrade Securities, Charles Schwab, First Financial, Stock-Trak, Mergent, Cision and others. Quotestream®, QMod™ and Quotestream Connect™ are trademarks of QuoteMedia. For more information, please visit www.quotemedia.com.
Statements about QuoteMedia's future expectations, including future revenue, earnings, and transactions, as well as all other statements in this press release other than historical facts are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. QuoteMedia intends that such forward-looking statements be subject to the safe harbors created thereby. These statements involve risks and uncertainties that are identified from time to time in the Company's SEC reports and filings and are subject to change at any time. QuoteMedia's actual results and other corporate developments could differ materially from that which has been anticipated in such statements.
Below are the specific forward-looking statements included in this press release:
- We expect to see continued growth throughout the year, culminating in our highest ever annual revenue.
- This treatment of development costs will continue moving forward, however, we expect to see improvements in profitability in future quarters.
QuoteMedia Investor Relations
Dave Shworan
Email: dave@quotemedia.com
Call: (250) 954-3216 ext. 2101
Note 1 on Non-GAAP Financial Measures
We believe that Adjusted EBITDA, as a non-GAAP pro forma financial measure, provides meaningful information to investors in terms of enhancing their understanding of our operating performance and results, as it allows investors to more easily compare our financial performance on a consistent basis compared to the prior year periods. This non-GAAP financial measure also corresponds with the way we expect investment analysts to evaluate and compare our results. Any non-GAAP pro forma financial measures should be considered only as supplements to, and not as substitutes for or in isolation from, or superior to, our other measures of financial information prepared in accordance with GAAP, such as net income attributable to QuoteMedia, Inc.
We define and calculate Adjusted EBITDA as net income attributable to QuoteMedia, Inc., plus: 1) depreciation and amortization, 2) stock compensation expense, 3) interest expense, 4) foreign exchange loss (or minus a foreign exchange gain), and 5) income tax expense. We disclose Adjusted EBITDA because we believe it is a useful metric by which to compare the performance of our business from period to period. We understand that measures similar to Adjusted EBITDA are broadly used by analysts, rating agencies, investors and financial institutions in assessing our performance. Accordingly, we believe that the presentation of Adjusted EBITDA provides useful information to investors. The table below provides a reconciliation of Adjusted EBITDA to net income attributable to QuoteMedia, Inc., the most directly comparable GAAP financial measure.
QuoteMedia, Inc. Adjusted EBITDA Reconciliation to Net Income:
| Three-months ended March 31, | 2025 | 2024 | |||||
| Net loss | $ | (499,811 | ) | $ | (28,176 | ) | |
| Depreciation and amortization | 805,504 | 728,678 | |||||
| Stock-based compensation | - | - | |||||
| Interest expense | 2,387 | 953 | |||||
| Foreign exchange loss | (5,962 | ) | (25,307 | ) | |||
| Income tax expense | 66,151 | 738 | |||||
| Adjusted EBITDA | $ | 368,269 | $ | 676,886 | |||
In addition to the non-GAAP measures discussed above, we also analyze certain measures, including net revenues and operating expenses, on an FX-neutral basis to better measure the comparability of operating results between periods. Management believes that changes in foreign currency exchange rates are not indicative of the company’s operations and evaluating growth in net revenues and operating expenses on an FX-neutral basis provides an additional meaningful and comparable assessment of these measures to both management and investors. FX-neutral results are calculated by translating the current period’s local currency results with the prior period’s exchange rate. FX-neutral growth rates are calculated by comparing the current period’s FX-neutral results by the prior period’s results.
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