QuoteMedia Inc. (QMCI.OB) is a leading provider of financial stock market data, market news feeds, market research information, and financial software solutions to online brokerages, financial service companies, banks, clearing firms, and media portals. Among its many leading-edge product lines, the company offers data feeds, news, interactive stock research, financial applications and real-time wireless applications.
To facilitate effective information delivery, QuoteMedia has created a scalable model that aggregates, manages, and streams information to multiple entities from the major exchanges around the globe. This allows corporate clients as well as their customers to license financial market information and software applications for significantly reduced costs as compared to the expensive and outdated infrastructures of other financial data providers.
QuoteMedia is well-positioned within one of the fastest growing segments of the financial industry, the financial markets data delivery marketplace. Financial websites now consistently outscore every other website category in depth of online usage, including portals, search engines, and online communities. Some recent statistics indicate that 65% of those who go online seek financial information.
QuoteMedia does seem to be reaping the benefits of being well-positioned in a growth industry. The company is quickly gaining market share in the $7-billion financial data delivery market. The numbers speak for themselves. The company has now posted 19 consecutive quarters of revenue growth and achieved a sales growth of 49% for 2007 vs. 2006. QuoteMedia hopes to dramatically increase its future revenue growth by continuing to capture market share within the data feed and mobile/PDA markets.
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