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

QuoteMedia

14/08/2026 18:31

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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/Mis  Actual    Consensu
           s                   s
                               Estimate
 Q2 Gross            50%        
 Margin                        
 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

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

(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.)