$QMCI
QUOTEMEDIA INC

2023 Q4 Form 10-Q Financial Statement

#000165495423014143 Filed on November 13, 2023

View on sec.gov

Income Statement

Concept 2023 Q4 2023 Q3
Revenue $4.682M $4.762M
YoY Change 2.36% 8.47%
Cost Of Revenue $2.322M $2.297M
YoY Change -2.15% 9.54%
Gross Profit $2.361M $2.466M
YoY Change 7.23% 7.49%
Gross Profit Margin 50.42% 51.77%
Selling, General & Admin $1.564M $1.636M
YoY Change 5.74% 6.14%
% of Gross Profit 66.24% 66.35%
Research & Development $717.5K $725.4K
YoY Change 31.18% 33.23%
% of Gross Profit 30.39% 29.42%
Depreciation & Amortization $705.9K $670.0K
YoY Change 22.48% 22.92%
% of Gross Profit 29.9% 27.17%
Operating Expenses $2.281M $2.362M
YoY Change 12.61% 13.21%
Operating Profit $79.53K $104.1K
YoY Change -54.76% -49.92%
Interest Expense -$29.57K $20.00K
YoY Change 13.3% -80.46%
% of Operating Profit -37.18% 19.2%
Other Income/Expense, Net $22.63K
YoY Change -77.89%
Pretax Income $49.97K $126.8K
YoY Change -66.62% -59.14%
Income Tax $750.00 $739.00
% Of Pretax Income 1.5% 0.58%
Net Earnings $49.22K $126.0K
YoY Change -66.96% -59.28%
Net Earnings / Revenue 1.05% 2.65%
Basic Earnings Per Share $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

Balance Sheet

Concept 2023 Q4 2023 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $342.0K $820.0K
YoY Change -28.45% 170.03%
Cash & Equivalents $342.0K $820.9K
Short-Term Investments
Other Short-Term Assets $238.4K $86.71K
YoY Change 719.5% 628.02%
Inventory
Prepaid Expenses $133.5K $161.3K
Receivables $1.155M $1.028M
Other Receivables $0.00 $0.00
Total Short-Term Assets $1.735M $2.097M
YoY Change 5.22% 77.25%
LONG-TERM ASSETS
Property, Plant & Equipment $5.249M $4.729M
YoY Change 24.72% 18.01%
Goodwill $110.0K $110.0K
YoY Change 0.0% 0.0%
Intangibles $65.64K $67.62K
YoY Change -10.79% -10.5%
Long-Term Investments
YoY Change
Other Assets $16.85K $20.00K
YoY Change 12.33% -64.62%
Total Long-Term Assets $5.441M $5.369M
YoY Change 10.75% 11.83%
TOTAL ASSETS
Total Short-Term Assets $1.735M $2.097M
Total Long-Term Assets $5.441M $5.369M
Total Assets $7.176M $7.466M
YoY Change 9.36% 24.76%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $2.211M $2.200M
YoY Change -12.01% -2.58%
Accrued Expenses $206.2K $200.0K
YoY Change 18.36% 14.68%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $3.873M $4.077M
YoY Change 0.51% 15.8%
LONG-TERM LIABILITIES
Long-Term Debt $611.6K $710.0K
YoY Change -2.83% 41.91%
Other Long-Term Liabilities $567.3K $610.0K
YoY Change 75.26% 69.55%
Total Long-Term Liabilities $1.179M $1.320M
YoY Change 23.69% 53.47%
TOTAL LIABILITIES
Total Short-Term Liabilities $3.873M $4.077M
Total Long-Term Liabilities $1.179M $1.320M
Total Liabilities $5.052M $5.400M
YoY Change 5.11% 23.27%
SHAREHOLDERS EQUITY
Retained Earnings -$19.86M -$19.91M
YoY Change -1.79% -2.26%
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 $2.124M -$916.3K
YoY Change
Total Liabilities & Shareholders Equity $7.176M $7.466M
YoY Change 9.36% 24.76%

Cashflow Statement

Concept 2023 Q4 2023 Q3
OPERATING ACTIVITIES
Net Income $49.22K $126.0K
YoY Change -66.96% -59.28%
Depreciation, Depletion And Amortization $705.9K $670.0K
YoY Change 22.48% 22.92%
Cash From Operating Activities $348.9K $930.0K
YoY Change -63.26% 432.83%
INVESTING ACTIVITIES
Capital Expenditures $824.9K $850.0K
YoY Change 6.39% -211.78%
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities -$824.9K -$850.0K
YoY Change 6.39% 11.78%
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%
NET CHANGE
Cash From Operating Activities 348.9K 930.0K
Cash From Investing Activities -824.9K -850.0K
Cash From Financing Activities 0.000 0.000
Net Change In Cash -476.0K 80.00K
YoY Change -373.04% -113.64%
FREE CASH FLOW
Cash From Operating Activities $348.9K $930.0K
Capital Expenditures $824.9K $850.0K
Free Cash Flow -$476.0K $80.00K
YoY Change -373.04% -91.44%

Facts In Submission

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us-gaap Nature Of Operations
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<p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px 0px 0px 0in; text-align:left;">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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CY2022Q3 qmci Redeemable Convertible Preferred Stock
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CY2023Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2023Q3 qmci Warrants To Purchase Redeemable Convertible Preferred Stock
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CY2022Q3 qmci Warrants To Purchase Redeemable Convertible Preferred Stock
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qmci Warrants To Purchase Redeemable Convertible Preferred Stock
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CY2023Q3 qmci Redeemable Convertible Preferred Stock
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CY2022Q3 qmci Stock Options And Warrants To Purchase Common Stock
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CY2023Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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CY2023Q3 qmci Earningspersharebasic
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CY2023Q3 qmci Earningspersharediluted
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Earningspersharediluted
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Files In Submission

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0001654954-23-014143-index.html Edgar Link pending
0001654954-23-014143.txt Edgar Link pending
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Financial_Report.xlsx Edgar Link pending
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