Chek the Channels
Tuesday, March 31, 2020
Is It Having Trouble With The Smaller Fish While Looking For A Big One?
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 the full report for the price target, fundamental analysis, and rating.
Uninspiring Q4. Revenues increased a moderate 4.3% to $2.97 million, a tad lighter than our $3.02 million estimate, or 6.1% growth. For the year, total company revenues increased 6.0%, a significant deceleration from full year 2018 revenue growth of 17.2%. Corporate and Individual Quotestream revenue weakness accounted for the muted revenue performance.
Cash flow slightly better. Q4 cash flow, as measured by adjusted EBITDA, was $0.52 million, better than our...
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 the 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.