QuoteMedia Inc. Reports Revenue Results for the Third Quarter Ended September 30, 2014; Provides Revenue Guidance for the Fourth Quarter of 2014 and Full Year 2015
November 12, 2014 at 01:39 pm EST
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QuoteMedia Inc. reported revenue results for the third quarter ended September 30, 2014. For the quarter, the company reported revenue of $2,292,698, down from $2,395,733 in the comparative period in 2013. This represents a decrease of 4%.
The company's revenue increased 1% quarter over quarter compared to second quarter of 2014, the company expects to continue in the fourth quarter of 2014.
The company expects solid revenue growth throughout 2015.
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. Reports Revenue Results for the Third Quarter Ended September 30, 2014; Provides Revenue Guidance for the Fourth Quarter of 2014 and Full Year 2015