QuoteMedia Announces Q2 2025 Financial Results and Strong Growth Outlook

Core Viewpoint - QuoteMedia, Inc. reported a 5% year-over-year revenue growth to $4.93 million for Q2 2025, with expectations of significant revenue contributions from new contracts starting in Q3 2025 [1][6]. Financial Performance - Revenue for Q2 2025 was $4.93 million, an increase of $253,265 compared to Q2 2024, with a foreign exchange-neutral growth of 6% [6][12]. - Adjusted EBITDA for Q2 2025 was $99,121, a decrease from $493,393 in Q2 2024, primarily due to lower capitalized development costs [6][14]. - The net loss for Q2 2025 was $853,582, compared to a net loss of $251,173 in Q2 2024, attributed to changes in the accounting treatment of development costs [6][14]. Management Commentary - The Chairman of the Board, Robert J. Thompson, highlighted solid revenue growth and the closure of major contracts expected to generate revenue in Q3 [4]. - The company is in advanced negotiations for additional large-scale deployments, which are anticipated to further enhance performance [4]. Future Outlook - The company expressed confidence in a strong second half of 2025, supported by a robust pipeline and successful contract implementations [5][12]. - Management expects improvements in gross margin and EBITDA in future quarters as amortization expenses decrease due to lower levels of capitalized development costs [12].