QuoteMedia Announces Financial Results for Q3 2024
QUOTEMEDIA INC (QMCI)
NASDAQ:AMEX Investor Relations:
quotemedia.com/corp/ir
Company Research
Source: GlobeNewswire
PHOENIX, Nov. 14, 2024 (GLOBE NEWSWIRE) -- QuoteMedia, Inc. (OTCQB: QMCI), a leading provider of market data and financial applications, announced financial results for the quarter ended September 30, 2024. 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 Q3 2024 include the following: Quarterly revenue decreased by $66,597 (1%) to $4,695,845 in Q3 2024 from $4,762,442 in 2023.Deferred revenue increased $160,656 (8%) during the
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