QuoteMedia Q2 Revenue Up 11%, But Material Weakness in Controls Disclosed
QMCI sits 25% above its 52-week low of $0.121.
Summary
QuoteMedia's Q2 revenue grew 11% to $5.45M and net loss narrowed, but the company disclosed a material weakness in internal controls.
Key Events · Earnings and Guidance · QMCI
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Q2 Revenue Up 11%
Revenue reached $5.45 million for Q2 2026, up from $4.93 million in Q2 2025, driven by growth in Corporate Quotestream and Interactive Content and Data APIs.
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Net Loss Narrowed
Net loss improved to $362,447 from $853,582 a year earlier, reflecting higher gross profit and lower operating expenses.
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Material Weakness in Controls
Management identified a material weakness in internal control over financial reporting due to a lack of segregation of duties, though financial statements are still considered fairly presented.
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Cash Position Declines
Cash and equivalents fell to $186,986 at June 30, 2026, from $319,889 at year-end 2025, but management expects sufficient liquidity for at least 12 months.
Analysis · QMCI · Trade & Services
QuoteMedia reported Q2 2026 revenue of $5.45 million, up 11% year over year, and narrowed its net loss to $362,447 from $853,582 a year earlier. However, the company disclosed a material weakness in internal control over financial reporting due to a lack of segregation of duties. Cash declined to $186,986, though management believes current liquidity is sufficient for at least 12 months. The material weakness is a governance red flag that warrants attention despite improving operating results.
At the time of this filing, QMCI was trading at $0.15 on OTC in the Trade & Services sector, with a market capitalization of approximately $13.7M. The 52-week trading range was $0.12 to $0.21. This filing was assessed with negative market sentiment and an importance score of 8 out of 10.