QuoteMedia Incorporated is a provider of financial information, market data and investment research for web users around the world. The site provides real-time market data in addition to offering data feeds, news, interactive stock research, financial applications and real-time wireless applications. QuoteMedia leaves no markets uncovered by offering complete coverage of all major North American Exchanges and ECNs, including common stock, preferred stock, options, warrants, futures, commodities, currencies, mutual funds, UITs/ETFs, rates and indices.
The President of QuoteMedia Incorporated, Keith Guelpa, said, “The significant revenue growth during the quarter resulted from increased sales of our Interactive Content and Data Applications as well as from increased subscriptions to our Quotestream product line.” Guelpa also added, “This is our 21st consecutive quarter of revenue growth, reflecting the strong continuing market penetration of our full line of financial data products and the increasing depth of our data offerings, which now cover over 70 exchanges worldwide.”
Earlier this month, QuoteMedia reported second quarter earnings had risen 30% to $1,724,396 from $1,331,405 in the comparative period in 2007. These increased second quarter revenues raised revenue for the six months ended June 30, 2008 to an increase of 37%, to $3,412,071 from $2,492,105 in the comparative period in 2007. The company has also greatly narrowed its loss compared to the same period in 2007 and laid much of the important groundwork for future projects. A significant portion of the company’s attention is still directed towards revenue growth and revenue potential in the future.
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