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Thursday, November 14, 2019
Not Likely To Move The Needle
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 the price target, fundamental analysis, and rating.
- Uninspiring Q3. Total company revenue increased a moderate 5.3% to $2.963 million with softer than expected adjusted EBITDA of $158,000 versus our $250,000 estimate. The quarter was adversely impacted by a large customer that pared-back services in the second quarter of 2019.
- Investing in growth. We believe that the company is investing in sales staff and infrastructure to potentially accelerate revenue and cash flow growth in 2020. This appears possible in the second half of 2020, or...
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.