QuoteMedia Reports Impressive Q1 Growth Amid Challenges

QuoteMedia Achieves Strong Financial Results for First Quarter of 2025

QuoteMedia, Inc. (OTCQB: QMCI), a prominent name in the provision of market data and financial applications, recently disclosed its financial performance for the first quarter of the year. This report highlights a noteworthy increase in revenue alongside strategic insights into the company's operations during what has been a challenging period.

Overview of Financial Performance

In the quarter that ended on March 31, 2025, QuoteMedia achieved a significant increase in revenue, rising by $145,156 or 3%, with total earnings reported at $4,824,356 compared to $4,679,200 during the same period in 2024. When adjusted for foreign exchange rates, the revenue growth reached 5%, which is an indicator of the company’s robust business strategy and the effectiveness of its financial products.

Adjusted EBITDA and Net Loss

The Adjusted EBITDA for QuoteMedia during Q1 2025 registered at $368,269, reflecting a decrease from $676,886 in the previous year. The net loss for this quarter was reported as $499,811, a hefty decline in profitability from July 2024 when it reported a significantly smaller loss of $28,176. While this apparent downturn might raise concerns among investors, company officials attribute the rise in losses chiefly to capitalizing a lesser portion of development costs compared to earlier periods.

CEO’s Remarks on Q1 Performance

Robert J. Thompson, Chairman of the Board, expressed his satisfaction with the quarterly outcomes. He noted that despite the previous year's challenges, the company has recorded its highest quarterly revenue in history. This sentiment is promising, as it indicates a resilience and ongoing growth trajectory for QuoteMedia moving forward. “This quarter has demonstrated our ability to navigate through difficulties while positioning ourselves for future growth,” Thompson remarked.

Strategic Growth Plans

Looking ahead, QuoteMedia forecasts sustained growth throughout the remainder of the year, aiming for the highest annual revenue in its history. The management anticipates improvements in profitability in the upcoming quarters, despite the ongoing treatment of development costs that has affected current earnings.

Investors Conference Call Details

QuoteMedia will conduct a conference call to discuss these Q1 financial results and provide a broader business update on the day after this report. The call is scheduled for Friday, May 16, at 2:00 PM Eastern Time. Investors can dial in using the numbers provided or bypass the operator with the conference link provided.

Accessing Conference Information

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About QuoteMedia

QuoteMedia is at the forefront of financial market technology, developing and distributing cloud-based solutions that enhance market data accessibility for various stakeholders, including media outlets, corporations, and financial services firms. They provide interfaces that aggregate essential financial information, from real-time stock quotes to detailed market research. This diverse range of services has attracted a wide clientele, including major stock exchanges and esteemed financial institutions.

Investor Relations Contact

For more information regarding investor relations, please contact:

Dave Shworan
Email: dave@quotemedia.com
Phone: (250) 954-3216 ext. 2101

Frequently Asked Questions

1. What were QuoteMedia's total revenues for Q1 2025?

The total revenue reported by QuoteMedia for Q1 2025 was $4,824,356.

2. How much did QuoteMedia's Adjusted EBITDA change from last year?

QuoteMedia's Adjusted EBITDA for Q1 2025 was $368,269, down from $676,886 in Q1 2024.

3. What does the recent net loss signify for the company?

The net loss of $499,811 for Q1 2025 reflects increased development costs, impacting profitability, but overall revenue growth is a positive signal.

4. When will the conference call take place?

The conference call to discuss the financial results is scheduled for May 16 at 2:00 PM Eastern Time.

5. Who can I contact for more investor-related inquiries?

Dave Shworan is the primary contact for investor relations, and he can be reached via email or phone for inquiries.

About The Author

Olivia Taylor here, a 26-year-old writer and financial advisor. After earning a degree in finance, I worked in the sector for years. I've always loved numbers and had a talent for simplifying difficult financial ideas so that anyone could understand. I wrote my first book because of this passion; it helps readers take charge of their financial futures by fusing real-life stories with useful financial advice.

Whether they are just beginning their careers, preparing for significant life events, or seeking to invest wisely, my goal with my writing is to enable people to make educated financial decisions. The foundation of my work is the conviction that security and freedom of the individual are largely determined by financial literacy. To further financial education, I run workshops and frequently write for financial blogs in addition to my books.

I like to travel, experience other cultures, and find inspiration in daily life when I'm not writing or examining market trends. My passion is utilizing sound financial practices to help people reach their financial objectives and lead the best lives possible.

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