Business is brisk and growing at QuoteMedia, Inc. as revenue is strong.
QuoteMedia, Inc. (OTCBB: QMCI), a leading provider of market data and financial applications, announced financial results for the fiscal year ended December 31, 2006. These results reflect a 52% increase in year-over-year revenue, from $2,466,151 in 2005 to $3,742,534 in 2006.
Net cash flow from operations for the year ended December 31, 2006 was $840,285, compared to net cash flow from operations of $442,032 for the same fiscal period in 2005. At December 31, 2006 the company’s cash balance was $886,251, an increase of $216,173 from the balance at December 31, 2005.
Let us hear your thoughts below: