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) is described in its public announcements as a software developer and cloud-based syndicator of financial market information and streaming financial data solutions. The QMCI news page on Stock Titan aggregates press releases and other coverage related to the company’s operating performance, client relationships, and product developments in the financial data and technology space.
Recent news from QuoteMedia has focused on quarterly and annual financial results, including revenue trends, adjusted EBITDA, net income or loss, and the effects of deferred revenue and development cost capitalization on reported profitability. These releases often include management commentary explaining how client wins, client losses, and economic conditions have influenced recurring revenue and bad debt allowances.
In addition to earnings-related updates, QuoteMedia issues news about product and data enhancements and client partnerships. Examples include announcements about supporting the Cboe One Canada Feed to expand Canadian equities market data coverage and partnering with Berkindale Analytics by supplying real-time and historical market data feeds via REST APIs and end-of-day services for an advanced analytics platform.
Investors and industry observers using this QMCI news page can review a chronological record of QuoteMedia’s financial disclosures, business outlook statements, and descriptions of its market data tools and services. The page is useful for tracking how the company presents its role as an alternative source of stock market data and research information for banks, brokerage firms, private equity firms, financial planners, media organizations, and other financial services companies.
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.
QuoteMedia, Inc. (OTCQB: QMCI) reported a 15% revenue increase for Q3 2022, reaching $4,390,667 compared to $3,818,713 in Q3 2021. Gross margin improved to 52% from 47%, and net income rose to $309,543 from $154,931. Adjusted EBITDA increased to $670,145 from $539,534. However, due to the depreciation of the Canadian dollar, the company revised its 2022 revenue growth forecast to 16% from 19%. Despite this challenge, management anticipates increased profitability in future quarters.
QuoteMedia, Inc. (OTCQB: QMCI) will release its earnings for the quarter ending September 30, 2022, on November 10, 2022. A conference call is scheduled for the same day at 2:00 PM Eastern time to discuss the financial results and provide a business update. Dial-in numbers are provided for participants, with an audio rebroadcast available later on their website. QuoteMedia is recognized for its software and financial market information solutions, serving various major clients across the financial sector.
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