QuoteMedia Q2 Revenue Jumps 11% to $5.45M, Gross Margin Hits 50%
QMCI sits 25% above its 52-week low of $0.121.
Summary
QuoteMedia reported Q2 2026 revenue of $5.45 million, up 11% year over year, driven by growing demand for market data and technology solutions. Gross margin expanded to 50% from 46%. Adjusted EBITDA more than doubled to $241,243, and net loss narrowed by $491,135 to $362,447. Management cited several new enterprise agreements signed during the quarter and a robust pipeline, expecting momentum to continue through 2026. The company will host a conference call on August 17 to discuss results and provide a business update.
At the time of this announcement, QMCI was trading at $0.15 on OTC in the Technology sector, with a market capitalization of approximately $13.7M. The 52-week trading range was $0.12 to $0.21. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: GlobeNewswire.