QuoteMedia Announces Financial Results for Q2 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 Q2 2024 include the following: Quarterly revenue decreased by $37,031 (1%) to $4,675,946 in Q2 2024 from $4,712,977 in 2023. Deferred revenue increased $341,745 during the quarter. Adjusted EBITDA for Q2 2024 was $493,393 compared to $807,649 in Q2 2023, a reduction of $314,256. Our net loss for Q2 2024 was $251,173 compared to net income of $73,036 in Q2 2023, a decrease in p
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