QuoteMedia Reports Impressive Q2 2025 Results with New Contracts
QuoteMedia Reports Growth in Financial Performance
QuoteMedia, Inc. (OTCQB: QMCI), an esteemed provider of market data and financial solutions, recently shared its financial progress for the quarter ending June 30, 2025. The company experienced a year-over-year revenue increase of 5%, totaling $4.93 million. Amid this growth, QuoteMedia also clinched significant new contracts that are anticipated to boost revenue beginning in the upcoming quarter.
Our Services
Serving a diverse clientele, including banks, brokerage firms, private equity companies, and seasoned investors, QuoteMedia offers a viable alternative source for top-quality stock market data and research. The company's platform equips financial entities with essential tools such as streaming data feeds, on-demand information requests, and web content solutions tailored for seamless integration into client websites.
Financial Performance Overview
In examining the key financial highlights for Q2 2025 compared to Q2 2024, QuoteMedia reported:
- Revenue: $4.93 million, a rise of $253,265, or 5%.
- Adjusted EBITDA: $99,121, down from $493,393, primarily due to decreased capitalized development costs.
- Net Loss: $853,582, in contrast to $251,173 in the previous year, largely reflecting accounting adjustments pertaining to development cost capitalization.
Management Insights
Chairman Robert J. Thompson conveyed optimism regarding the company’s recent achievements. “Solid revenue growth marks our quarter, complemented by major contracts that will begin contributing to our revenues in Q3,” Thompson stated, asserting that the company's future remains bright. He hinted at ongoing negotiations for additional large-scale deployments aimed at further strengthening QuoteMedia’s performance.
Understanding the Loss
While the net loss was notable, it was largely influenced by the accounting practices related to development cost capitalization. Specific factors included:
- A smaller share of development costs being capitalized this quarter compared to previous ones, leading to more costs recognized immediately.
- Ongoing amortization of prior development costs has kept the expense high, which temporarily hindered adjusted EBITDA.
Looking Ahead
Thompson expressed confidence in a robust second half of 2025, stating, “Our pipeline is thriving, and we are proud of our team's talent in securing high-value contracts.”
Conference Call Information
QuoteMedia plans to discuss financial results and business updates during a conference call scheduled for August 15, 2025, at 2:00 PM Eastern Time. Investors and stakeholders can join the call by dialing 888-999-3182 or 848-280-6330, with the conference ID being 3818457 and PIN 2420. For those wishing to bypass the operator, the direct conference link is available.
About QuoteMedia
As a leading developer of software and cloud-based financial market information solutions, QuoteMedia stands out in the industry by providing media, corporations, online brokerages, and financial services firms with advanced streaming data options. Their products cover a comprehensive spectrum from real-time stock quotes to intricate market research tools.
With an extensive client base that includes prominent financial institutions such as Nasdaq Stock Exchange and JPMorgan Chase, QuoteMedia remains committed to innovation and excellence in serving the financial market.
Frequently Asked Questions
What are the main financial results reported by QuoteMedia for Q2 2025?
QuoteMedia reported a revenue of $4.93 million, reflecting a 5% year-over-year growth, with an adjusted EBITDA of $99,121.
What factors contributed to QuoteMedia's net loss?
The net loss of $853,582 was largely due to changes in accounting for development costs, resulting in lower capitalized costs and higher immediate expenses.
How does QuoteMedia serve its clients?
QuoteMedia provides market data services, including streaming data feeds, financial content solutions, and various financial applications tailored for professionals in finance.
What is the expected outlook for QuoteMedia?
Management expresses optimism for a strong second half of 2025, citing growth in their pipeline and successful contract acquisitions.
What key events are upcoming for QuoteMedia?
QuoteMedia will host a conference call to discuss their Q2 results and outlook on August 15, 2025 at 2:00 PM Eastern Time.
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