QuoteMedia Reports Third Quarter Results
Stuart Smith (November 13th, 2009) Writes:
Nov. 13, 2009 (Business Wire) — QuoteMedia, Inc. (OTCBB: QMCI), a leading provider of market data and financial applications, announced financial results for the three and nine months ended September 30, 2009. These results reflect a 1% increase in third quarter revenue, to $1,910,884 from $1,888,279 in the comparative period in 2008. Revenue for the nine months ended September 30, 2009 increased 7%, to $5,658,444 from $5,300,350 in the comparative period in 2008.
“As forecasted, the global recession moderated QuoteMedia’s revenue growth during the first three quarters of 2009,” says Keith Guelpa, President of QuoteMedia, Inc. “The downturn, however, has presented opportunities as the added pressure on financial sector firms to find more efficient and cost effective solutions to their data and technology needs has opened many new doors for QuoteMedia’s offerings. While we have suffered the loss of some smaller clients who have shrunk or ceased operations as
...Business Wire, CNW Group;, data and services;, Dow Jones & Company, financial applications, financial data solutions;, General Electric, interactive stock research tools;, Investing Lessons, Keith Guelpa, leading software developer, Motorola, online brokerages, option chains;, Penson Worldwide;, portfolio management systems, president, QuoteMedia Inc., Regal Securities, Scotia Capital, Securities And Exchange Commission, Small & Micro Cap, smallcapvoice, software developer, USD, wells fargo, www.quotemedia.com


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