QuoteMedia Q1 net loss widens on elevated amortization expense

QuoteMedia

14/05/2026 23:02

Overview

Financial data solutions provider's Q1 revenue grew 15% yr/yr

Adjusted EBITDA for Q1 declined compared to prior year

Net loss widened in Q1 due to lower capitalized development costs and higher amortization

Outlook

Company expects momentum from early 2026 to continue through the year and beyond

Company anticipates recently completed agreements will contribute to revenue for the rest of 2026

QuoteMedia says sales and development pipelines remain strong

Result Drivers

NEW AGREEMENTS - Co said revenue growth was driven by completion of several significant new agreements and ongoing negotiations for additional large-scale deployments

CAPITALIZED DEVELOPMENT COSTS - Decline in earnings and adjusted EBITDA attributed to a smaller proportion of development costs being capitalized, resulting in higher immediate expense recognition

AMORTIZATION EXPENSE - Elevated amortization expense from prior investments further reduced net income

Company press release: ID:nGNX9CvNZk

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Slight Miss*
$5.50 mln
$5.52 mln (1 Analyst)

*Applies to a deviation of less than 1%; not applicable for per-share numbers.

Analyst Coverage

The one available analyst rating on the shares is "buy"

The average consensus recommendation for the software peer group is "buy"

Wall Street's median 12-month price target for QuoteMedia Inc is $0.23, about 31.6% above its May 13 closing price of $0.17

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)