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QuoteMedia, Inc. (QMCI)
Second Quarter Results Indicate Favorable Momentum
QuoteMedia, based in Fountain Hills, Arizona, provides cloud-based financial data, market news feeds, and financial software solutions. Its customers include financial service companies, online brokerages, clearing firms, banks, media portals, public corporations and individual investors. The company provides a single source solution providing products such as streaming quotes, charting, historical data, technical analysis, news and research. Information can customized and provided to multiple platforms including terminals and mobile devices.
Michael Kupinski, DOR, Senior Research Analyst, Noble Capital Markets, Inc.
Refer to full report for price target, fundamental analysis and rating.
- Solid second quarter. Total company revenues of $2.985 million increased an attractive 6.7%, in line with our $2.970 million revenue estimate. Operating cash flow (adj. EBITDA) was slightly better than expected at $0.577 million versus our estimate of $0.513 million.
- Attractive sequential growth. The second quarter represented an attractive 4% sequential revenue growth from the first quarter, one of the company's best performances since...
This Company Sponsored Research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).
*Analyst certification and important disclosures included in full report. NOTE: investment decisions should not be based upon the content of this research summary. Proper due diligence is required before making any investment decision.