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Thursday, December 19, 2019
QuoteMedia (QMCI)
Among Our Candidates For Most Likely To Succeed in 2020
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, DOR, Senior Research Analyst, Noble Capital Markets, Inc.
Refer to the full report for the price target, fundamental analysis, and rating.
Tweaking our full year 2019 and 2020 estimates slightly upward. Based on our Q4 adj. EBITDA estimate of $463,000, our full year 2019 cash flow estimate is $2.06 million. We anticipate that full year 2020 cash flow will decline 10% to $1.84 million, up roughly $200,000 from our previous estimate of $1.63 million.
Upside to our estimates. Our 2020 estimates could prove to be conservative should the company slow investment spend and/or obtain a significant client win. At this point, upside revenue visibility is low and…
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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.