QUOTEMEDIA INC - QMCI STOCK NEWS

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.

QuoteMedia, Inc. (QMCI) announces fiscal year 2023 financial results, reporting an 8% increase in annual revenue to $18,907,725. Net income decreased to $361,584, while adjusted EBITDA improved to $3,039,507. The company invested in data consolidation to reduce costs, completed major client deployments, and initiated new projects.

QuoteMedia, Inc. (OTCQB: QMCI) announced its Q3 2023 financial results, reporting an 8% increase in quarterly revenue to $4,762,442 and a 10% FX-neutral revenue growth. Adjusted EBITDA for Q3 2023 was $719,547, showing a 7% improvement from Q3 2022. Deferred revenue also increased by 76% to $2,049,664 at September 30, 2023. The company expressed positive outlook, citing new client acquisitions, product developments, and a healthy sales pipeline.

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.