May. 23 at 1:11 PM
Noble Capital Markets Research Report: QuoteMedia Inc. (
$QMCI) – Delivers Encouraging Q1 Results
Solid Q1 Results. The company reported Q1 revenue of
$4.8 million, which increased 3% over the prior year period, and was in line with our estimate of
$4.8 million. Notably, revenue in Q1 was highest amount of quarterly revenue in the company’s history. Moreover, the company recorded adj. EBITDA of
$0.4 million in Q1, which was moderately lower than our estimate of
$0.5 million, as illustrated in Figure #1 Q1 Results.
Read more: https://www.channelchek.com/news-channel/quotemedia-inc-qmci-delivers-encouraging-q1-results