QuoteMedia Q2 revenue rises on growing demand for market data, technology solutions

QuoteMedia

14/08/2026 18:31

Overview
US market data provider's Q2 revenue rose 11% yr/yr to $5.45 mln
Gross margin improved to 50% from 46% a year earlier
Net loss narrowed to $362,447 from $853,582 in Q2 2025

Outlook
Company expects solid momentum to continue through the remainder of 2026 and beyond
Company expects new agreements to contribute to revenue in the remainder of 2026 and beyond

Result Drivers
CLIENT DEMAND - Co said revenue growth was driven by growing demand for its market data and technology solutions
NEW AGREEMENTS - Co completed several new agreements in the quarter that it expects will contribute to revenue in 2026 and beyond
ACCOUNTING IMPACT - Co said reported earnings were reduced by accounting effects from development expenditures, as more costs are now expensed and amortization remains elevated

Company press release: ID:nGNX3GlDCq

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Gross Margin
 
50%
 

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 51.3% above its August 13 closing price of $0.15

Reuters Recommended Reads
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Aug 14 - Workday buyout may restore confidence in battered software valuations, analysts say

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(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.)