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Stock impact report

QuoteMedia Announces Financial Results for Q1 2024 [Yahoo! Finance]

QUOTEMEDIA INC (QMCI) 
NASDAQ:AMEX Investor Relations: quotemedia.com/corp/ir
Company Research Source: Yahoo! Finance
QuoteMedia provides banks, brokerage firms, private equity firms, financial planners and sophisticated investors with a more economical, higher quality alternative source of stock market data and related research information. We compete with several larger legacy organizations and a modest community of other smaller companies. QuoteMedia provides comprehensive market data services, including streaming data feeds, on-demand request-based data (XML/JSON), web content solutions (financial content for website integration) and applications such as Quotestream Professional desktop and mobile. Highlights for Q1 2024 include the following: Quarterly revenue decreased by $70,848 (1%) to $4,679,200 in Q1 2024 from $4,750,048 in 2023. Adjusted EBITDA for Q1 2024 was $676,886 compared to $829,585 in Q1 2023, a reduction of $152,699. Our net loss for Q1 2024 was $28,176 compared to net income of $113,290 in Q1 2023, a decrease in profitability of $141,466. “This was a challenging quarte Show less Read more
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