Quotemeda filed its 10QSB Quarterly Report today. The company Licensing revenue increased $478,534 (56%) and $800,968 (47%) when comparing the three and six month periods ended June 30, 2007 and 2006. This increase reflects sales growth for both our Interactive Content and Data Applications and the Quotestream Portfolio Management System.
The company also expanded their line of Interactive Content and Data Applications, which includes XML market data feeds, and their average per client revenue increased from the comparative periods. This resulted in a $349,038 (69%) and $517,065 (48%) increase in Interactive Content and Data Application revenue when comparing the three and six month periods ended June 30, 2007 and 2006.
The number of Quotestream subscribers and the average subscription revenue per user increased during the three and six month periods ended June 30, 2007, resulting in a $129,496 (37%) and 283,903 (46%) increase in Portfolio Management System revenue from the comparative periods. Portfolio Management System revenue includes revenue from licensing one of their portfolio management applications in exchange for advertising services, referred to as “barter revenue” whereby advertising credits were received for subscription services. This barter revenue amounted to $90,000 and $180,000 for the three and six month periods ended June 30, 2007, compared to $75,000 and $150,000 earned in comparative periods.
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