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][5]. Financial Performance - Revenue for Q2 2025 was $4.93 million, an increase of $253,265 compared to Q2 2024, with FX-neutral growth of 6% [5][12]. - Adjusted EBITDA for Q2 2025 was $99,121, a decrease from $493,393 in Q2 2024, primarily due to lower capitalized development costs [5][12]. - 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 [5][12]. Management Commentary - The Chairman of the Board, Robert J. Thompson, highlighted solid revenue growth and the closure of major new contracts that will start generating revenue in Q3 [3][11]. - The company is in advanced negotiations for additional large-scale deployments, which are expected to enhance performance further [3][11]. Outlook - The company expressed confidence in a strong second half of 2025, citing a robust pipeline and successful contract implementations [4][11]. - Management anticipates improvements in gross margin and EBITDA in future quarters as amortization expenses decrease due to lower capitalized development costs [3][11]. Company Overview - QuoteMedia provides market data and financial applications to banks, brokerage firms, and sophisticated investors, competing with larger legacy organizations and smaller companies [2][7]. - The company offers comprehensive market data services, including streaming data feeds, on-demand data, and financial content solutions [2][7].