Quotemedia, Inc. Announces Earnings Results for the Three Months Ended March 31, 2018; Provides Earnings Guidance for the Full Year of 2018
May 15, 2018 at 12:23 am IST
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QuoteMedia, Inc. announced earnings results for the three months ended March 31, 2018. For the quarter, the company showing 17% revenue growth, as well as profitability for the company. Revenue in the first quarter rose to $2,667,240, which is an increase of $378,787 compared to the $2,288,453 reported in the comparative period in 2017. The company improved its bottom line by $490,366 moving to a profit of $8,161 this quarter compared to a loss of $482,205 in first quarter of 2017.
The company expects that the company will continue to post strong financial results throughout the remainder of 2018.
QuoteMedia, Inc. provides financial data, market research information, analytics, news feeds, and financial software solutions to online brokerages, banks, clearing firms, financial service companies, media portals, and public corporations. It offers an array of market information and services: streaming stock market data feeds, research and analysis information, content applications, portfolio management systems, software products, corporate investor relations provisioning, news services, mobile apps, and custom development. Its products and services are divided into three main categories: Data Feed Services; Interactive Web Content and Data APIs; and Portfolio Management and Real-Time Quote Systems. It offers its clients a range of data, information, and services, including streaming real-time data feeds, dynamic content Web displays, news feed aggregation and delivery, mobile app solutions and others. Its portfolio management products are provided on a software as a service model.
QUOTEMEDIA, INC. 
