QUOTEMEDIA INC - QMCI STOCK NEWS

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.

QuoteMedia, Inc. (OTCQB: QMCI) has secured a multi-year enterprise agreement with BMO InvestorLine, a division of BMO Financial Group. This partnership will enable BMO InvestorLine to utilize QuoteMedia's Quotestream^TM Web Trader, an advanced HTML5 portfolio management solution. The platform offers real-time data, analytics, and research tools tailored for high-frequency traders. QuoteMedia's CEO, Dave Shworan, emphasized the significance of this deal, marking it as validation of their commitment to excellence in financial technology and services.

Planet MicroCap released a new video interview featuring Dave Shworan, CEO of QuoteMedia Ltd. (OTCQB: QMCI), addressing the company's innovative approach to disrupting the financial data markets. Shworan discusses competitive strategies against established giants and outlines future directions for QuoteMedia.

QuoteMedia specializes in cloud-based financial market information and offers tools like real-time quotes and corporate financial data to various financial entities.

QuoteMedia, Inc. (QMCI) reported Q2 2022 financial results with revenues increasing to $4,298,957, marking a 12% rise from Q2 2021. However, the company incurred a net loss of $163,080, compared to a loss of $79,625 in the prior year. Adjusted EBITDA improved to $508,376 from $311,780 year-over-year. The company anticipates continued revenue growth with a forecast of 20% for the full year, driven by new enterprise agreements and partnerships. A conference call is scheduled for August 23, 2022, to discuss the results.

QuoteMedia, Inc. (QMCI) announced a partnership with The Arena Group to provide financial market data and content visualizations for TheStreet.com. This collaboration aims to enhance accessibility for a younger audience through QuoteMedia’s QMod Suite, which optimizes data presentation across devices. The partnership integrates a wide range of licensed QuoteMedia content, including equities, options, and analytics, to improve TheStreet.com’s subscription offerings. CEO Dave Shworan expressed excitement about being chosen as the data provider for a notable financial destination.

QuoteMedia, Inc. (OTCQB: QMCI) has secured an agreement with The Motley Fool to deliver a comprehensive suite of market data and financial applications for their popular fool.com website. This collaboration aims to enhance the user experience for over millions of individual investors by providing premium membership services, free market news, and exclusive tools for portfolio management. Both companies expressed enthusiasm for the partnership, highlighting QuoteMedia's reliable data and exceptional service as key factors in their selection.