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.