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Stock impact report

QuoteMedia Announces 8% Revenue Growth for 2023

QUOTEMEDIA INC (QMCI) 
NASDAQ:AMEX Investor Relations: quotemedia.com/corp/ir
Company Research Source: GlobeNewswire
PHOENIX, April 08, 2024 (GLOBE NEWSWIRE) -- QuoteMedia, Inc. (OTCQB: QMCI), a leading provider of market data and financial applications, announced financial results for the fiscal year ended December 31, 2023. QuoteMedia provides banks, brokerage firms, private equity firms, financial planners and sophisticated investors with a more economical, higher quality alternative source of stock market data and related research information. We compete with several larger legacy organizations and a modest community of other smaller companies. QuoteMedia provides comprehensive market data services, including streaming data feeds, on-demand request-based data (XML/JSON), web content solutions (financial content for website integration) and applications such as Quotestream Professional desktop and mobile.  Highlights for fiscal 2023 include the following: Annual revenue increased to $18,907,725 in 2023 from $17,527,605 in 2022, an increase of $1,380,120 (8%).Net income for 2023 was $361,584 Show less Read more
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