Quarterly ResultMay 14, 2026, 04:40 PM
QuoteMedia Q1 Revenue $5.53M, Net Loss $(0.62M)
AI Summary
QuoteMedia Inc. reported a 14.6% increase in revenue to $5.53 million for the first quarter of 2026, compared to $4.82 million in the same period last year. Despite revenue growth, the company's net loss widened to $(0.62) million from $(0.50) million year-over-year, and the operating loss also increased. Cash and cash equivalents improved sequentially, but total assets decreased, leading to a larger stockholders' deficit.
Key Highlights
- Q1 2026 revenue increased 14.6% to $5,530,272 from $4,824,356 in Q1 2025.
- Net loss for Q1 2026 widened to $(620,612) from $(499,811) in Q1 2025.
- Cash and cash equivalents rose to $521,684 at March 31, 2026, up from $319,889 at Dec 31, 2025.
- Total assets decreased to $5,374,351 at March 31, 2026, from $5,773,230 at Dec 31, 2025.
- Stockholders' deficit increased to $(1,460,954) at March 31, 2026, from $(840,342) at Dec 31, 2025.
- Operating loss for Q1 2026 increased to $(624,886) from $(437,235) in Q1 2025.
- Corporate Quotestream revenue was $2,298,939 in Q1 2026, up from $1,972,466.
- Interactive Content and Data APIs revenue was $2,777,875 in Q1 2026, up from $2,394,942.