$QMCI
QUOTEMEDIA INC

2023 Q3 Form 10-Q Financial Statement

#000165495423010727 Filed on August 14, 2023

View on sec.gov

Income Statement

Concept 2023 Q3 2023 Q2
Revenue $4.762M $4.713M
YoY Change 8.47% 9.63%
Cost Of Revenue $2.297M $2.325M
YoY Change 9.54% 2.75%
Gross Profit $2.466M $2.388M
YoY Change 7.49% 17.27%
Gross Profit Margin 51.77% 50.67%
Selling, General & Admin $1.636M $1.600M
YoY Change 6.14% 4.7%
% of Gross Profit 66.35% 66.99%
Research & Development $725.4K $684.0K
YoY Change 33.23% 27.88%
% of Gross Profit 29.42% 28.64%
Depreciation & Amortization $670.0K $643.7K
YoY Change 22.92% 25.57%
% of Gross Profit 27.17% 26.95%
Operating Expenses $2.362M $2.284M
YoY Change 13.21% 10.71%
Operating Profit $104.1K $104.3K
YoY Change -49.92% -492.46%
Interest Expense $20.00K $404.00
YoY Change -80.46% -20.32%
% of Operating Profit 19.2% 0.39%
Other Income/Expense, Net $22.63K -$30.48K
YoY Change -77.89% -77.55%
Pretax Income $126.8K $73.79K
YoY Change -59.14% -145.46%
Income Tax $739.00 $752.00
% Of Pretax Income 0.58% 1.02%
Net Earnings $126.0K $73.04K
YoY Change -59.28% -144.79%
Net Earnings / Revenue 2.65% 1.55%
Basic Earnings Per Share $0.00 $0.00
Diluted Earnings Per Share $0.00 $0.00
COMMON SHARES
Basic Shares Outstanding 90.48M shares 90.48M shares
Diluted Shares Outstanding 121.5M shares 121.0M shares

Balance Sheet

Concept 2023 Q3 2023 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $820.0K $740.1K
YoY Change 170.03% -16.87%
Cash & Equivalents $820.9K $740.1K
Short-Term Investments
Other Short-Term Assets $86.71K $106.9K
YoY Change 628.02% 547.46%
Inventory
Prepaid Expenses $161.3K $227.8K
Receivables $1.028M $875.1K
Other Receivables $0.00 $0.00
Total Short-Term Assets $2.097M $1.950M
YoY Change 77.25% 4.33%
LONG-TERM ASSETS
Property, Plant & Equipment $4.729M $4.553M
YoY Change 18.01% 20.13%
Goodwill $110.0K $110.0K
YoY Change 0.0% 0.0%
Intangibles $67.62K $69.60K
YoY Change -10.5% -10.24%
Long-Term Investments
YoY Change
Other Assets $20.00K $15.35K
YoY Change -64.62% -72.34%
Total Long-Term Assets $5.369M $5.160M
YoY Change 11.83% 11.46%
TOTAL ASSETS
Total Short-Term Assets $2.097M $1.950M
Total Long-Term Assets $5.369M $5.160M
Total Assets $7.466M $7.110M
YoY Change 24.76% 9.41%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $2.200M $2.176M
YoY Change -2.58% -13.77%
Accrued Expenses $200.0K $173.2K
YoY Change 14.68% -7.45%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $4.077M $3.879M
YoY Change 15.8% -7.49%
LONG-TERM LIABILITIES
Long-Term Debt $710.0K $767.2K
YoY Change 41.91% 30.6%
Other Long-Term Liabilities $610.0K $522.0K
YoY Change 69.55% 21.99%
Total Long-Term Liabilities $1.320M $1.289M
YoY Change 53.47% 26.97%
TOTAL LIABILITIES
Total Short-Term Liabilities $4.077M $3.879M
Total Long-Term Liabilities $1.320M $1.289M
Total Liabilities $5.400M $5.168M
YoY Change 23.27% -0.77%
SHAREHOLDERS EQUITY
Retained Earnings -$19.91M -$20.04M
YoY Change -2.26% -3.12%
Common Stock $90.48K $90.48K
YoY Change 0.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$916.3K -$1.042M
YoY Change
Total Liabilities & Shareholders Equity $7.466M $7.110M
YoY Change 24.76% 9.41%

Cashflow Statement

Concept 2023 Q3 2023 Q2
OPERATING ACTIVITIES
Net Income $126.0K $73.04K
YoY Change -59.28% -144.79%
Depreciation, Depletion And Amortization $670.0K $643.7K
YoY Change 22.92% 25.57%
Cash From Operating Activities $930.0K $882.2K
YoY Change 432.83% -30.0%
INVESTING ACTIVITIES
Capital Expenditures $850.0K $817.2K
YoY Change -211.78% -206.84%
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities -$850.0K -$817.2K
YoY Change 11.78% 6.84%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 0.000 0.000
YoY Change -100.0% -100.0%
NET CHANGE
Cash From Operating Activities 930.0K 882.2K
Cash From Investing Activities -850.0K -817.2K
Cash From Financing Activities 0.000 0.000
Net Change In Cash 80.00K 65.03K
YoY Change -113.64% -86.86%
FREE CASH FLOW
Cash From Operating Activities $930.0K $882.2K
Capital Expenditures $850.0K $817.2K
Free Cash Flow $80.00K $65.03K
YoY Change -91.44% -96.79%

Facts In Submission

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<p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">Quotemedia, Inc. (the “Company”) is a software developer and distributor of financial market data and related services to a global marketplace. The Company specializes in the collection, aggregation, and delivery of both delayed and real-time financial data content via the Internet. The Company develops and license software components that deliver dynamic content to banks, brokerage firms, financial institutions, mutual fund companies, online information and financial portals, media outlets, public companies, and corporate intranets.</p>
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Files In Submission

Name View Source Status
qmci-20230630_lab.xml Edgar Link unprocessable
qmci-20230630_pre.xml Edgar Link unprocessable
qmci-20230630_cal.xml Edgar Link unprocessable
qmci-20230630_def.xml Edgar Link unprocessable
FilingSummary.xml Edgar Link unprocessable
0001654954-23-010727-index-headers.html Edgar Link pending
0001654954-23-010727-index.html Edgar Link pending
0001654954-23-010727.txt Edgar Link pending
0001654954-23-010727-xbrl.zip Edgar Link pending
Financial_Report.xlsx Edgar Link pending
MetaLinks.json Edgar Link pending
qmci-20230630.xsd Edgar Link pending
qmci_10q.htm Edgar Link pending
qmci_ex311.htm Edgar Link pending
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qmci_10q_htm.xml Edgar Link completed
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report.css Edgar Link pending
Show.js Edgar Link pending