QuoteMedia had a 3% increase in revenue in Q1 2025, but reported a significant net loss.

From GlobeNewswire: 2025-05-15 16:37:00

QuoteMedia, Inc. reported Q1 2025 financial results with a 3% increase in quarterly revenue to $4,824,356. Adjusted EBITDA was $368,269, down from $676,886 in Q1 2024. Net loss for Q1 2025 was $499,811, compared to $28,176 in Q1 2024.

Despite a significant loss, QuoteMedia had its highest quarterly revenue. The company anticipates continued growth throughout 2025. Adjusted EBITDA decrease was due to capitalizing a lower proportion of development costs. They expect improvements in profitability going forward.

An audio rebroadcast of QuoteMedia’s Q1 2025 financial results conference call will be available on their website. The company provides market data and financial services to various organizations, including Nasdaq, TMX Group, and JPMorgan Chase. QuoteMedia’s non-GAAP financial measure, Adjusted EBITDA, is used to enhance investors’ understanding of their operating performance.



Read more at GlobeNewswire:: QuoteMedia Announces Financial Results for Q1 2025