QuoteMedia, Inc. Company Summary

Business Overview

• QuoteMedia, Inc. is a developer and distributor of financial software and market data services.
• Operates globally, targeting banks, brokerage firms, financial institutions, mutual fund companies, online content portals, media outlets, public companies, and corporate intranets.
• Specializes in collecting, aggregating, and delivering both delayed and real-time financial data via the internet.

Core Products and Solutions

• Financial Market Data Feeds:
  • Streaming, low-latency, tick-by-tick enterprise data feeds.
  • Coverage of equities, options, futures, commodities, currencies, mutual funds, ETFs, and indices.
  • Data delivered via internet or dedicated lines, normalized for various formats and delivery methods, including Level 1 and Level 2 (market depth).
• Interactive Web Content and Data APIs:
  • Proprietary web technologies including Quote Modules, real-time snap quotes, dynamic market indices, charting tools, stock and fund screeners, news feeds, watch lists, financial calendars, wallboards, finance calculators, and investor relations solutions.
  • Products are customizable, embeddable, SEO-optimized, mobile-ready, and licensed through subscriptions.
• Portfolio Management Systems:
  • Quotestream Desktop (client-side), Quotestream Web (browser-based), Quotestream Mobile, and Quotestream Professional (for financial professionals).
  • Features include real-time quotes, research, customizable dashboards, advanced charting, technical analysis, and integration with trading platforms.
• Custom Development & Content Solutions:
  • Offer custom software development and proprietary content, analytics, and scoring mechanisms.
  • Provides clients with turnkey solutions, including corporate investor relations tools.

Market & Clients

• Clients include online brokerages, full-service brokers, banks, media portals, mutual fund companies, web service providers, investor relations firms, and individual traders/investors.
• Targeted markets include North America (including global coverage of over 70 exchanges worldwide), Canada, and international markets.

Revenue & Operations

• Revenue (2024): approximately $18.74 million.
• Revenue (2023): approximately $18.91 million.
• Revenue decreased by 1% year-over-year.
• Major revenue streams include licensing of data feeds, APIs, and portfolio management products.
• The company has approximately 134 stockholders of record as of March 19, 2025.
• Employees: 118 full-time employees (8 in the US, 110 in Canada).
• Market Listing: Quoted on OTCQB under the symbol QMCI.
• Financial Performance:
  • 2024 net loss: approximately $1.33 million.
  • 2023 net income: approximately $362,000.
  • The company's earnings per share in 2024: $(0.01) (basic and diluted loss per share).

Other Details

• The company maintains a scalable and technologically advanced infrastructure, including redundant data centers.
• Holds trademarks such as “QuoteMedia,” “Quotestream,” and “QMod” and owns relevant domain names.
• No legal proceedings or mine safety disclosures.
• The company’s internal control over financial reporting has material weaknesses.

Summary

QuoteMedia provides comprehensive financial data, market research, and analytical tools primarily through subscription licensing. Its key offerings include real-time enterprise data feeds, customizable web content, and portfolio management systems, targeting financial firms, media, and investors worldwide. The company operates with approximately $18.7 million in annual revenue, a global client base, and a staff of 118 employees. Despite a net loss in 2024, it maintains a significant presence in the financial technology sector, especially in North America and international markets.