QUOTEMEDIA INC

QuoteMedia, Inc.

Overview

QuoteMedia, Inc. is a United States reporting public company incorporated in Nevada in 1999 and quoted on the OTCQB under the symbol QMCI. The corporate head office is located at 17100 East Shea Boulevard, Suite 230, Fountain Hills, Arizona 85268. Primary operations are conducted through QuoteMedia and its operating divisions and subsidiaries.

Business activities

QuoteMedia provides financial data, market research information, analytics, news feeds, and financial software solutions. Its customers include online brokerages, banks, clearing firms, financial service companies, media portals, and public corporations. The company serves as a sole-source provider for a broad range of market information and services. Its data delivery solutions are designed to be fast, lightweight, reliable, and easily integrated across platforms. The business model includes SaaS components for portfolio management and data APIs.

Products and services

1. Data Feed Services

   • Low-latency, tick-by-tick streaming market data feeds
   • Coverage of North American exchanges and 70+ exchanges worldwide
   • Asset classes: equities, options, futures, commodities, currencies, mutual funds, ETFs, indices
   • Delivery options: real-time, delayed, end-of-day; Level 1 and Level 2 (market depth)
   • Includes Quotestream Connect, a hybrid data-feed/portfolio-management delivery method that can retain Vendor of Record status with exchanges to reduce client costs

2. Interactive Content and Data APIs

   • Proprietary applications and widgets (QMod) delivering customizable market data
   • Modules that provide fundamental data, analytical statistics, historical data, and broader market information across equities, funds, rates, currencies, and markets
   • Features include Real-Time Snap Quotes, market indices, charts, screeners, news, watch lists, market statistics, calendars, wallboards, finance calculators, and investor relations tools
   • QMod enables web delivery, SEO-friendly content, and mobile-ready widgets

3. Portfolio Management Systems

   • Quotestream Desktop, Quotestream Web, Quotestream Mobile, and Quotestream Professional for financial services professionals
   • Web Portfolio Manager with portfolio management features and integration with corporate client branding
   • Real-time tick-by-tick data, charts, news, research, Level II data, and integration options
   • Quotestream Connect supports hybrid delivery to third-party applications and reflects entitlement across platforms

Competitive positioning

• Single-source provider for data, applications, streaming, and news/research
• In-house development focused on data speed, accuracy, customization, and ease of integration
• Custom development capabilities to build client-specific market data applications
• Low infrastructure costs and advanced data delivery technology
• Private-label opportunities and seamless integration into client ecosystems

Markets and customers

Serves online brokerages, mutual fund companies, full-service brokerages, banks and other financial institutions, media portals, financial web sites, publishers, data firms, web portals, wealth management firms, public companies, and investor relations firms.

Intellectual property

• Trademarks: “QuoteMedia,” “Quotestream,” and “QMod”
• Domain names: www.quotemedia.com, www.quotestream.com, www.quotestream.ca
• Protected through copyrights, trademarks, and confidentiality agreements

Regulatory and cybersecurity

• Not subject to special governmental regulation for its services
• Cybersecurity framework includes detection, protection, incident response, risk management, and resiliency
• SOC 2 Type II security certifications completed

Employees and capabilities

• Total full-time employees: 115
  • 8 located in the United States
  • 107 located in Canada
• No union involvement or collective bargaining agreements
• Ongoing hiring contemplated for administration, programming, sales, marketing, and customer care

Properties and leases

• Fountain Hills, Arizona office: lease expires June 30, 2026
• Vancouver, British Columbia office: lease expires September 30, 2030
• Parksville, British Columbia office: lease expires April 30, 2026

Financial position and outlook

• Going concern: management has stated substantial doubt about the ability to continue as a going concern
• Accumulated deficit: $23,505,303 (losses incurred since inception)
• The company has not generated sufficient cash to fund normal operations or meet debt obligations for the next 12 months without deferring liabilities or raising additional funds
• Potential need for additional financing and exposure to risks from macroeconomic conditions, market activity levels, customer spending, competition, data-supply continuity, and cybersecurity-related issues