Quotemedia, Inc. Reports Earnings Results for the Third Quarter Ended September 30, 2020
November 12, 2020 at 08:10 am EST
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QuoteMedia, Inc. announced earnings results for the third quarter ended September 30, 2020. For the third quarter, the company announced operating loss was USD 79,783 compared to operating Income of USD 158,578 a year ago. Net loss was USD 75,305 compared to net income of USD 155,928 a year ago. For the nine months, operating loss was USD 325,980 compared to operating Income of USD 499,992 a year ago. Net loss was USD 319,728 compared to net income of USD 471,345 a year ago.
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.