Wednesday, April 27, 2022

QuoteMedia Inc. (QMCI)
Meeting Expectations Just Got Easier

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, Director of Research, Noble Capital Markets, Inc.

Refer to the full report for the price target, fundamental analysis, and rating.

Scores a big fish it hoped for. QuoteMedia was selected as market data and technology provider for one of Canada’s top financial banks. This was a contract that the company indicated it was about to sign in its last investor call. We had already factored in this new account into our 2022 and 2023 estimates.

Large new account.  We estimate that the new account will become the company’s largest account, exceeding that of the Toronto Exchange estimated to account for annual revenues of roughly $1.7 million. The revenue contribution from the new account is estimated to allow the company to achieve 22% revenue growth for full year 2022 and 2023 due to expanded service offerings in that year …

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.