Voyager Digital Provides Business Update and March 2021 Metrics

– Announces AUM Over US$2.4 Billion at March-End –
– Announces Over 1 Million Verified Users –
– Key Metrics Grew in Excess of 35% from February to March –

NEW YORK, April 6, 2021 /CNW/ – Voyager Digital Ltd. (“Voyager” or the “Company”) (CSE: VYGR) (OTCQB: VYGVF) (FRA: UCD2), a publicly-traded holding company, whose subsidiaries operate a licensed crypto-asset platform that provides investors with a turnkey solution to invest in and trade crypto assets, is pleased to provide stakeholders with a business update for the month ended March 31, 2021.

The Company has the following key metrics as of March 31, 2021:

• Assets Under Management (AUM) exceeded US$2.4 billion
• Total Funded Accounts at the end of March 2021 were over 270,000
• Total Verified Users on the platform were over 1 million

Key monthly operating metrics for January through March 2021 are as follows:

All figures are preliminary and unaudited and subject to final adjustment. All amounts are in U.S. dollars, unless otherwise indicated.

“March was another record-setting month for Voyager as our retail-focused, zero-commission platform continued to attract an active community for both Bitcoin and our industry leading offering of over 50 altcoins,” said Stephen Ehrlich, Co-Founder and CEO of Voyager. “All of our significant revenue-driving metrics increased in excess of 35% during the month of March from the previous month. As demand continues to accelerate for the Voyager Platform, we are enhancing our infrastructure to meet this swiftly growing demand and accommodate anticipated future growth as we expand our suite of offerings in the coming years.”

Mr. Ehrlich concluded, “Our management team is focused on the long-term opportunity to capture significant market-share within this rapidly expanding industry. The initiatives we are embarking on, such as adding new products to our platform and further geographic expansion, are designed to competitively position Voyager for long-term success. We will continue to execute on these initiatives and look forward to providing our investors another update on our next quarterly conference call.”

The Company also announced that going forward, it expects to provide updates for key operating metrics on a quarterly basis. Voyager believes this is consistent with industry best practices and will more closely align with the Company’s long-term focus. The Company expects to provide its next financial and operational update to investors on its next quarterly conference call, expected to occur in late May.

Voyager continues to actively engage with investors and expects to participate in the following upcoming events in April 2021:

Voyager remains committed to advancing its trusted, secure, and compliant platform to serve the needs of its loyal community by offering a broad selection of digital assets, with industry leading interest rates, on a simple to use app for trading and investing in cryptocurrencies. For more information and to view the latest company presentation about Voyager Digital, please visit https://www.investvoyager.com.

About Voyager Digital Ltd.

Voyager Digital Ltd. is a publicly traded holding company whose subsidiaries operate a crypto-asset platform that provides retail and institutional investors with a turnkey solution to trade crypto assets. The Voyager Platform provides its customers with competitive price execution through its smart order router and as well as a custody solution on a wide choice of popular crypto-assets. Voyager was founded by established Wall Street and Silicon Valley entrepreneurs who teamed to bring a better, more transparent, and cost-efficient alternative for trading crypto-assets to the marketplace. Please visit us at https://www.investvoyager.com for more information.

Neither the Canadian Securities Exchange nor its Market Regulator (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release. No securities regulatory authority has either approved or disapproved of the contents of this press release.

Other

The links to the investor events above are provided for convenience only. Voyager makes no representation or warranty as to the content of such links or as to the suitability of such investor events for any particular investor. Voyager disclaims all responsibility and liability in respect of such investor events and the links provided herein (and the content contained therein) do not form part of this press release and do not form part of Voyager’s public disclosure record.

Forward Looking Statements

Certain information in this press release, including, but not limited to, statements regarding future growth and performance of the business, momentum in the businesses, future adoption of digital assets, and the Company’s anticipated results may constitute forward looking information (collectively, forward-looking statements), which can be identified by the use of terms such as “may,” “will,” “should,” “expect,” “anticipate,” “project,” “estimate,” “intend,” “continue” or “believe” (or the negatives) or other similar variations. Because of various risks and uncertainties, including those referenced below, actual events or results may differ materially from those reflected or contemplated in such forward-looking statements. Forward looking statements are subject to the risk that the global economy, industry, or the Company’s businesses and investments do not perform as anticipated, that revenue or expenses estimates may not be met or may be materially less or more than those anticipated, that trading momentum does not continue or the demand for trading solutions declines, customer acquisition does not increase as planned, product and international expansion do not occur as planned and those other risks contained in the Company’s public filings, including in its Management Discussion and Analysis and its Annual Information Form (AIF). Factors that could cause actual results of the Company and its businesses to differ materially from those described in such forward-looking statements include, but are not limited to, a decline in the digital asset market or general economic conditions; the failure or delay in the adoption of digital assets and the blockchain ecosystem by institutions; a delay or failure in developing infrastructure for the trading businesses or achieving mandates and gaining traction; failure to grow assets under management, an adverse development with respect to an issuer or party to the transaction or failure to obtain a required regulatory approval. In connection with the forward-looking statements contained in this press release, the Company has made assumptions that no significant events occur outside of the Company’s normal course of business and that current trends in respect of digital assets continue. Forward-looking statements, past and present performance and trends are not guarantees of future performance, accordingly, you should not put undue reliance on forward-looking statements, past performance or current trends. Information identifying assumptions, risks and uncertainties relating to the Company are contained in its filings with the Canadian securities regulators available at www.sedar.com. The forward-looking statements in this press release are applicable only as of the date of this release or as of the date specified in the relevant forward-looking statement and the Company undertakes no obligation to update any forward-looking statement to reflect events or circumstances after that date or to reflect the occurrence of unanticipated events. Readers are cautioned that past performance is not indicative of future performance and current trends in the business and demand for digital assets may not continue and readers should not put undue reliance on past performance and current trends. All figures are in U.S. dollars unless otherwise noted.

Investor Relations:
Michael Legg
(212) 547-8807
[email protected]

Phil Carlson / Scott Eckstein
(212) 896-1233 / (212) 896-1210
[email protected] / [email protected]

Media:
Anthony Feldman / Raquel Cona
(347) 487-6194 / (212) 896-1204
[email protected] / [email protected]

Angus Campbell
44 7881 625098
[email protected]

Source: Voyager Digital Ltd.

Voyager Digital Provides Business Update and March 2021 Metrics

– Announces AUM Over US$2.4 Billion at March-End –
– Announces Over 1 Million Verified Users –
– Key Metrics Grew in Excess of 35% from February to March –

NEW YORK, April 6, 2021 /CNW/ – Voyager Digital Ltd. (“Voyager” or the “Company”) (CSE: VYGR) (OTCQB: VYGVF) (FRA: UCD2), a publicly-traded holding company, whose subsidiaries operate a licensed crypto-asset platform that provides investors with a turnkey solution to invest in and trade crypto assets, is pleased to provide stakeholders with a business update for the month ended March 31, 2021.

The Company has the following key metrics as of March 31, 2021:

• Assets Under Management (AUM) exceeded US$2.4 billion
• Total Funded Accounts at the end of March 2021 were over 270,000
• Total Verified Users on the platform were over 1 million

Key monthly operating metrics for January through March 2021 are as follows:

All figures are preliminary and unaudited and subject to final adjustment. All amounts are in U.S. dollars, unless otherwise indicated.

“March was another record-setting month for Voyager as our retail-focused, zero-commission platform continued to attract an active community for both Bitcoin and our industry leading offering of over 50 altcoins,” said Stephen Ehrlich, Co-Founder and CEO of Voyager. “All of our significant revenue-driving metrics increased in excess of 35% during the month of March from the previous month. As demand continues to accelerate for the Voyager Platform, we are enhancing our infrastructure to meet this swiftly growing demand and accommodate anticipated future growth as we expand our suite of offerings in the coming years.”

Mr. Ehrlich concluded, “Our management team is focused on the long-term opportunity to capture significant market-share within this rapidly expanding industry. The initiatives we are embarking on, such as adding new products to our platform and further geographic expansion, are designed to competitively position Voyager for long-term success. We will continue to execute on these initiatives and look forward to providing our investors another update on our next quarterly conference call.”

The Company also announced that going forward, it expects to provide updates for key operating metrics on a quarterly basis. Voyager believes this is consistent with industry best practices and will more closely align with the Company’s long-term focus. The Company expects to provide its next financial and operational update to investors on its next quarterly conference call, expected to occur in late May.

Voyager continues to actively engage with investors and expects to participate in the following upcoming events in April 2021:

Voyager remains committed to advancing its trusted, secure, and compliant platform to serve the needs of its loyal community by offering a broad selection of digital assets, with industry leading interest rates, on a simple to use app for trading and investing in cryptocurrencies. For more information and to view the latest company presentation about Voyager Digital, please visit https://www.investvoyager.com.

About Voyager Digital Ltd.

Voyager Digital Ltd. is a publicly traded holding company whose subsidiaries operate a crypto-asset platform that provides retail and institutional investors with a turnkey solution to trade crypto assets. The Voyager Platform provides its customers with competitive price execution through its smart order router and as well as a custody solution on a wide choice of popular crypto-assets. Voyager was founded by established Wall Street and Silicon Valley entrepreneurs who teamed to bring a better, more transparent, and cost-efficient alternative for trading crypto-assets to the marketplace. Please visit us at https://www.investvoyager.com for more information.

Neither the Canadian Securities Exchange nor its Market Regulator (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release. No securities regulatory authority has either approved or disapproved of the contents of this press release.

Other

The links to the investor events above are provided for convenience only. Voyager makes no representation or warranty as to the content of such links or as to the suitability of such investor events for any particular investor. Voyager disclaims all responsibility and liability in respect of such investor events and the links provided herein (and the content contained therein) do not form part of this press release and do not form part of Voyager’s public disclosure record.

Forward Looking Statements

Certain information in this press release, including, but not limited to, statements regarding future growth and performance of the business, momentum in the businesses, future adoption of digital assets, and the Company’s anticipated results may constitute forward looking information (collectively, forward-looking statements), which can be identified by the use of terms such as “may,” “will,” “should,” “expect,” “anticipate,” “project,” “estimate,” “intend,” “continue” or “believe” (or the negatives) or other similar variations. Because of various risks and uncertainties, including those referenced below, actual events or results may differ materially from those reflected or contemplated in such forward-looking statements. Forward looking statements are subject to the risk that the global economy, industry, or the Company’s businesses and investments do not perform as anticipated, that revenue or expenses estimates may not be met or may be materially less or more than those anticipated, that trading momentum does not continue or the demand for trading solutions declines, customer acquisition does not increase as planned, product and international expansion do not occur as planned and those other risks contained in the Company’s public filings, including in its Management Discussion and Analysis and its Annual Information Form (AIF). Factors that could cause actual results of the Company and its businesses to differ materially from those described in such forward-looking statements include, but are not limited to, a decline in the digital asset market or general economic conditions; the failure or delay in the adoption of digital assets and the blockchain ecosystem by institutions; a delay or failure in developing infrastructure for the trading businesses or achieving mandates and gaining traction; failure to grow assets under management, an adverse development with respect to an issuer or party to the transaction or failure to obtain a required regulatory approval. In connection with the forward-looking statements contained in this press release, the Company has made assumptions that no significant events occur outside of the Company’s normal course of business and that current trends in respect of digital assets continue. Forward-looking statements, past and present performance and trends are not guarantees of future performance, accordingly, you should not put undue reliance on forward-looking statements, past performance or current trends. Information identifying assumptions, risks and uncertainties relating to the Company are contained in its filings with the Canadian securities regulators available at www.sedar.com. The forward-looking statements in this press release are applicable only as of the date of this release or as of the date specified in the relevant forward-looking statement and the Company undertakes no obligation to update any forward-looking statement to reflect events or circumstances after that date or to reflect the occurrence of unanticipated events. Readers are cautioned that past performance is not indicative of future performance and current trends in the business and demand for digital assets may not continue and readers should not put undue reliance on past performance and current trends. All figures are in U.S. dollars unless otherwise noted.

Investor Relations:
Michael Legg
(212) 547-8807
[email protected]

Phil Carlson / Scott Eckstein
(212) 896-1233 / (212) 896-1210
[email protected] / [email protected]

Media:
Anthony Feldman / Raquel Cona
(347) 487-6194 / (212) 896-1204
[email protected] / [email protected]

Angus Campbell
44 7881 625098
[email protected]

Source: Voyager Digital Ltd.

Monday, March 29, 2021

QuoteMedia (QMCI)
Margins Take A Hit As Revenues Ramp

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.

In-line fourth quarter. Total company revenues were $3.266 million versus our $3.275 million estimate and operating cash flow, as measured by adj. EBITDA, was $58,000 versus our loss estimate of $21,000. Notably, the company’s Corporate Quotestream business had a very strong quarter, with revenues up 39%, which was somewhat offset by a 9% revenue decline in its Interactive Content segment revenues.


Gross margins declined.  The year over year Q4 decline in gross margins from 52.0% to 41.6% reflects the revenue growth in its lower margin Corporate Quotestream business and the revenue weakness in its higher margin Interactive Content business. Management guided to an acceleration in revenue growth to 20% in subsequent quarters and for full year 2021, but gross margins are expected to be …

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. 

QuoteMedia Announces 5% Revenue Growth for 2020

PHOENIX, March 26, 2021 (GLOBE NEWSWIRE) — QuoteMedia, Inc. (OTCQB: QMCI), a leading provider of market data and financial applications, announced financial results for the fiscal year ended December 31, 2020.

QuoteMedia provides banks, brokerage firms, private equity firms, financial planners and sophisticated investors with a more economical, higher quality alternative source of stock market data and related research information. We compete with several larger legacy organizations and a modest community of other smaller companies.  QuoteMedia provides streaming data feeds, on-demand request-based data (XML/JSON), web content solutions (financial content for website integration) and applications such as Quotestream Professional desktop and mobile.

Revenue for the year ended December 31, 2020 was $12,402,224 versus $11,793,731 in the comparative 2019 period, resulting in a 5% increase. Consistent with our forecasts, revenue for the fourth quarter of 2020 was $3,266,083 versus $2,975,094 in the comparative 2019 quarter, resulting in a 10% increase.

“This has been a very successful year for QuoteMedia,” said Robert J. Thompson, Chairman of the Board of QuoteMedia, Inc. “Despite the disruption caused by the COVID-19 pandemic we experienced healthy improvements in revenue, significantly increased staffing, and made major advances in product and business development.

“Looking ahead, based on customers currently under contract, we are expecting a significant improvement in revenue growth and a return to profitability in 2021. For the first quarter of 2021, we are forecasting revenue growth of approximately 20% and expect to maintain this trajectory for the remainder of the year. We also expect our cash balances to rebound in 2021 as our revenue catches up with the increased expenditures associated with the new products and data expansion initiatives undertaken in 2020.

“The economic downturn related to COVID-19 did not leave us unaffected, as it forced some of our clients to halt projects and even caused some to cease business activities entirely. As a result, we saw a 365% increase in bad debts compared to 2019. Still, we are continuing to take advantage of new opportunities arising from the economic downturn, as the added pressure on financial sector firms to find more efficient and cost-effective solutions to their data and technology needs is leading them to explore QuoteMedia’s offerings. Additionally, we are seeing an increase in the need for our services for customers working remotely during the pandemic, and we expect this to be a lasting trend.

“As a result of increased expenses related to our recent expansion activities and the impact of Covid-19, we experienced a net loss of $646,324 for the year ended December 31, 2020 compared to net income of $558,997 in the comparative 2019 period. Our adjusted EBITDA ¹ was $734,068 for the year ended December 31, 2020 versus $2,124,498 in the comparative 2019 period. The company undertook major growth initiatives in 2020 and we expect to continue and expand these programs in 2021. We have invested in technological and infrastructure advancement, new product development, data collection and aggregation initiatives, the extension of our global market coverage, and new marketing campaigns. These strategic investments are producing very positive results. This year will mark the launch of major new product lines, data sets, proprietary analytics, and key partnerships, and we are very excited about our future.”

QuoteMedia will host a conference call Friday, March 26, 2021 at 2 PM Eastern Time to discuss the 2020 financial results and provide a business update.

Conference Call Details:

March 26, 2021, 2:00 PM Eastern

Dial-in numbers: 877-876-9173, 785-424-1667

Conference ID: QUOTEMEDIA

An audio rebroadcast of the call will be available later at: www.quotemedia.com

About QuoteMedia

QuoteMedia is a leading software developer and cloud-based syndicator of financial market information and streaming financial data solutions to media, corporations, online brokerages, and financial services companies. The Company licenses interactive stock research tools such as streaming real-time quotes, market research, news, charting, option chains, filings, corporate financials, insider reports, market indices, portfolio management systems, and data feeds. QuoteMedia provides data and services for companies such as the Nasdaq Stock Exchange, TMX Group (TSX Stock Exchange), Canadian Securities Exchange (CSE), London Stock Exchange Group, FIS, U.S. Bank, Broadridge Financial Systems, JPMorgan Chase, CI Financial, Canaccord Genuity Corp., Hilltop Securities, HD Vest, Stockhouse, Zacks Investment Research, General Electric, Boeing, Bombardier, Business Wire, PR Newswire, FolioFN, Regal Securities, ChoiceTrade, Cetera Financial Group, Dynamic Trend, Inc., Qtrade Financial, CNW Group, Industrial Alliance, Ally Invest, Inc., Suncor, Virtual Brokers, Equities.com, Leede Jones Gable, Firstrade Securities, Charles Schwab, First Financial, Cirano, Equisolve, Stock-Trak, Mergent, Cision, Warrior Trading and others. Quotestream®, QMod ^TM and Quotestream Connect ^TM are trademarks of QuoteMedia. For more information, please visit www.quotemedia.com.

Statements about QuoteMedia’s future expectations, including future revenue, earnings, and transactions, as well as all other statements in this press release other than historical facts are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. QuoteMedia intends that such forward-looking statements be subject to the safe harbors created thereby. These statements involve risks and uncertainties that are identified from time to time in the Company’s SEC reports and filings and are subject to change at any time. QuoteMedia’s actual results and other corporate developments could differ materially from that which has been anticipated in such statements.

Below are the specific forward-looking statements included in this press release:

• Looking ahead, based on customers currently under contract, we are expecting a significant improvement in revenue growth and a return to profitability in 2021.
• For the first quarter of 2021, we are forecasting revenue growth of approximately 20% and expect to maintain this trajectory for the remainder of the year.
• We also expect our cash balances to rebound in 2021 as our revenue catches up with the increased expenditures associated with the new products and data expansion initiatives undertaken in 2020.

QuoteMedia Investor Relations
Brendan Hopkins
Email: [email protected]
Call: (407) 645-5295

Note 1 on Non-GAAP Financial Measures

We believe that Adjusted EBITDA, as a non-GAAP pro forma financial measure, provides meaningful information to investors in terms of enhancing their understanding of our operating performance and results, as it allows investors to more easily compare our financial performance on a consistent basis compared to the prior year periods. This non-GAAP financial measure also corresponds with the way we expect investment analysts to evaluate and compare our results. Any non-GAAP pro forma financial measures should be considered only as supplements to, and not as substitutes for or in isolation from, or superior to, our other measures of financial information prepared in accordance with GAAP, such as net income attributable to QuoteMedia, Inc.

We define and calculate Adjusted EBITDA as net income attributable to QuoteMedia, Inc., plus: 1) depreciation and amortization, 2) stock compensation expense, 3) interest expense, 4) foreign exchange loss (or minus a foreign exchange gain), and 5) income tax expense. We disclose Adjusted EBITDA because we believe it is a useful metric by which to compare the performance of our business from period to period. We understand that measures similar to Adjusted EBITDA are broadly used by analysts, rating agencies, investors and financial institutions in assessing our performance. Accordingly, we believe that the presentation of Adjusted EBITDA provides useful information to investors. The table below provides a reconciliation of Adjusted EBITDA to net income attributable to QuoteMedia, Inc., the most directly comparable GAAP financial measure.

QuoteMedia, Inc. Adjusted EBITDA Reconciliation to Net Income

SOURCE: QuoteMedia

QuoteMedia Welcomes Bookmap as Newest Quotestream Connect Partner

PHOENIX, March 17, 2021 (GLOBE NEWSWIRE) — QuoteMedia, Inc. (OTCQB: QMCI), a leading provider of market data and financial applications, is pleased to introduce Bookmap, as its newest Quotestream Connect Partner. QuoteMedia has integrated its Quotestream Connect data APIs for use within Bookmap’s impressive data visualization software.

Quotestream Connect includes QuoteMedia’s low-latency, highly accurate Streaming Datafeed API, state of the art On-Demand APIs, and an extensive User Management System, for integration into third party applications developed by Independent Software Vendors (ISVs) like Bookmap.

“We are always happy to add ISVs like Bookmap as Quotestream Connect Partners,” says Dave Shworan, CEO of QuoteMedia Ltd. “Bookmap is an innovative company, and it’s rewarding to see our data being utilized by users of this remarkable software application.”

QuoteMedia has integrated its Canadian and London order book APIs within Bookmaps’ exceptional Level 2 focused software platform, providing users the unique ability to visualize liquidity and trends in these markets.

“QuoteMedia is a real frontrunner in the financial market data industry, and we’re excited to partner with them to open Bookmap to the Canadian and London Stock Exchange markets,” says Tsachi Galanos, Bookmap CEO. “With QuoteMedia’s data solutions, traders using Bookmap to trade these markets will be able to visualize the real support and resistance levels and will take better trading decisions, gaining an edge over other traders.”

About QuoteMedia

QuoteMedia is a leading software developer and cloud-based syndicator of financial market information and streaming financial data solutions to media, corporations, online brokerages, and financial services companies. The Company licenses interactive stock research tools such as streaming real-time quotes, market research, news, charting, option chains, filings, corporate financials, insider reports, market indices, portfolio management systems, and data feeds. QuoteMedia provides data and services for companies such as the Nasdaq Stock Exchange, TMX Group (TSX Stock Exchange), Canadian Securities Exchange (CSE), London Stock Exchange Group, FIS, U.S. Bank, Broadridge Financial Systems, Ridge Clearing, JPMorgan Chase, CI Financial, Canaccord Genuity Corp., Hilltop Securities, HD Vest, Stockhouse, Zacks Investment Research, General Electric, Boeing, Bombardier, Business Wire, PR Newswire, FolioFN, Regal Securities, ChoiceTrade, Cetera Financial Group, Dynamic Trend, Inc., Qtrade Financial, CNW Group, Industrial Alliance, Ally Invest, Inc., Suncor, Virtual Brokers, Equities.com, Leede Jones Gable, Firstrade Securities, Charles Schwab, First Financial, Cirano, Equisolve, Stock-Trak, Mergent, Cision, Warrior Trading and others. Quotestream®, QMod™ and Quotestream Connect™ are trademarks of QuoteMedia. For more information, please visit www.quotemedia.com .

QuoteMedia Investor Relations
Brendan Hopkins
Email: [email protected]
Call: (407) 645-5295

About Bookmap

Bookmap Ltd. is a financial services firm and the creator of Bookmap ( www.bookmap.com ). The Bookmap team brings experience in High Frequency Trading, which was instrumental in creating the Bookmap trading platform that visualizes both real-time order book data combined with historical depth-of-market (DOM) data. Bookmap accurately shows the entire market liquidity and trading activities, enabling traders to identify market trends and hidden price patterns with high precision.

Bookmap connects to more than 30 exchanges and platforms, covering futures, stocks and cryptocurrencies. It is used by scalpers, day traders, swing traders and algo traders all over the world. In addition to the platform, Bookmap established a marketplace that offers unique add-ons, such as a stop & iceberg order detector, third-party market data, and educational services. For more information, please visit www.bookmap.com or send an email to [email protected] .

SOURCE: QuoteMedia

Monday, February 22, 2021

QuoteMedia (QMCI)
Setting The Table For A Strong 2021

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.

Prospect of landing a big fish improves. We believe that the recently added new product feature sets and sourcing its own data should allow the company to compete for larger clients, more terminals, more usage. This provides the prospect for an acceleration in revenue growth to strong double digits growth, which would be expected for a company of this size, with improving margins.


Q4 preview.  Q4 is likely to have a hangover from Covid related noise, including the prospect for higher bad debt expenses and expense accruals. As such, the improving revenue and cash flow trends that we originally thought would become evident may be masked by non recurring items. We are lowering our Q4 revenue estimate from $3.475 million to $3.275 million and our cash flow (adj. EBITDA) estimate …

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. 

Friday, November 13, 2020

QuoteMedia (QMCI)

Improving Revenue Picture; Raising Price Target

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.

Positive revenue upturn. Q3 revenue growth reflected an acceleration from Q2, 6.0% versus 1.5%, an indication that the company’s investments into new products are paying dividends. Revenues were better than our estimate, $3.14 million versus $3.04 million. Cash flow, as measured by adjusted EBITDA, was $271,000, better than our $222,000 estimate.


Gross margins took a tumble.  Gross margins were 45.7% reflecting a shift in revenue mix toward lower margins. We expect that gross margins should improve somewhat in Q4 as the revenue mix shifts more favorably toward its Corporate Quotestream and Interactive products …

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.