$QMCI
QUOTEMEDIA INC

2024 Q4 Form 10-Q Financial Statement

#000165495424014466 Filed on November 14, 2024

View on sec.gov

Income Statement

Concept 2024 Q4 2024 Q3
Revenue $4.696M
YoY Change -1.4%
Cost Of Revenue $2.515M
YoY Change 9.51%
Gross Profit $2.181M
YoY Change -11.56%
Gross Profit Margin 46.44%
Selling, General & Admin $1.818M
YoY Change 11.11%
% of Gross Profit 83.36%
Research & Development $771.3K
YoY Change 6.31%
% of Gross Profit 35.37%
Depreciation & Amortization $775.0K
YoY Change 15.66%
% of Gross Profit 35.54%
Operating Expenses $2.589M
YoY Change 9.64%
Operating Profit -$408.4K
YoY Change -492.14%
Interest Expense $76.00
YoY Change -99.62%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income -$440.2K
YoY Change -447.23%
Income Tax $738.00
% Of Pretax Income
Net Earnings -$440.9K
YoY Change -449.85%
Net Earnings / Revenue -9.39%
Basic Earnings Per Share $0.00
Diluted Earnings Per Share $0.00
COMMON SHARES
Basic Shares Outstanding 90.48M shares 90.48M shares
Diluted Shares Outstanding 90.48M shares

Balance Sheet

Concept 2024 Q4 2024 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $291.2K
YoY Change -64.49%
Cash & Equivalents $291.2K
Short-Term Investments
Other Short-Term Assets $151.7K
YoY Change 75.01%
Inventory
Prepaid Expenses $211.7K
Receivables $1.077M
Other Receivables $0.00
Total Short-Term Assets $1.732M
YoY Change -17.4%
LONG-TERM ASSETS
Property, Plant & Equipment $235.3K
YoY Change -95.02%
Goodwill $110.0K
YoY Change 0.0%
Intangibles $53.97K
YoY Change -20.18%
Long-Term Investments
YoY Change
Other Assets $17.54K
YoY Change -12.3%
Total Long-Term Assets $5.658M
YoY Change 5.38%
TOTAL ASSETS
Total Short-Term Assets $1.732M
Total Long-Term Assets $5.658M
Total Assets $7.390M
YoY Change -1.02%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $2.849M
YoY Change 29.48%
Accrued Expenses $186.0K
YoY Change -7.01%
Deferred Revenue
YoY Change
Short-Term Debt $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $5.062M
YoY Change 24.17%
LONG-TERM LIABILITIES
Long-Term Debt $0.00
YoY Change -100.0%
Other Long-Term Liabilities $311.1K
YoY Change -49.0%
Total Long-Term Liabilities $311.1K
YoY Change -76.43%
TOTAL LIABILITIES
Total Short-Term Liabilities $5.062M
Total Long-Term Liabilities $311.1K
Total Liabilities $5.373M
YoY Change -0.49%
SHAREHOLDERS EQUITY
Retained Earnings -$20.58M
YoY Change 3.37%
Common Stock $90.48K
YoY Change 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $2.017M
YoY Change
Total Liabilities & Shareholders Equity $7.390M
YoY Change -1.02%

Cashflow Statement

Concept 2024 Q4 2024 Q3
OPERATING ACTIVITIES
Net Income -$440.9K
YoY Change -449.85%
Depreciation, Depletion And Amortization $775.0K
YoY Change 15.66%
Cash From Operating Activities $973.2K
YoY Change 4.65%
INVESTING ACTIVITIES
Capital Expenditures $914.7K
YoY Change 7.62%
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities -$914.7K
YoY Change 7.62%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities
YoY Change
NET CHANGE
Cash From Operating Activities 973.2K
Cash From Investing Activities -914.7K
Cash From Financing Activities
Net Change In Cash 58.49K
YoY Change -26.89%
FREE CASH FLOW
Cash From Operating Activities $973.2K
Capital Expenditures $914.7K
Free Cash Flow $58.49K
YoY Change -26.89%

Facts In Submission

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dei Entity File Number
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dei Entity Registrant Name
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QuoteMedia, Inc.
dei Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
NV
dei Entity Tax Identification Number
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17100 East Shea Boulevard
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CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
477987 usd
CY2024Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
291217 usd
CY2023Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
820939 usd
CY2023Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
225000 usd
CY2024Q3 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
182171 usd
CY2023Q3 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
155980 usd
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
117739 usd
CY2024Q3 us-gaap Revenues
Revenues
4695845 usd
CY2023Q3 us-gaap Revenues
Revenues
4762442 usd
us-gaap Revenues
Revenues
14050991 usd
us-gaap Revenues
Revenues
14225467 usd
qmci Deferred Revenue At Beginning Balance
DeferredRevenueAtBeginningBalance
1831949 usd
qmci Deferred Revenue At Beginning Balance
DeferredRevenueAtBeginningBalance
1166848 usd
us-gaap Deferred Revenue Revenue Recognized1
DeferredRevenueRevenueRecognized1
1374128 usd
us-gaap Deferred Revenue Revenue Recognized1
DeferredRevenueRevenueRecognized1
995364 usd
us-gaap Deferred Revenue Additions
DeferredRevenueAdditions
1805620 usd
us-gaap Deferred Revenue Additions
DeferredRevenueAdditions
1873614 usd
us-gaap Foreign Currency Transaction Gain Loss Unrealized
ForeignCurrencyTransactionGainLossUnrealized
21223 usd
us-gaap Foreign Currency Transaction Gain Loss Unrealized
ForeignCurrencyTransactionGainLossUnrealized
4566 usd
qmci Deferred Revenue At Ending Balance
DeferredRevenueAtEndingBalance
2284664 usd
qmci Deferred Revenue At Ending Balance
DeferredRevenueAtEndingBalance
2049664 usd
CY2024Q3 us-gaap Deferred Revenue Current
DeferredRevenueCurrent
2027800 usd
CY2023Q3 us-gaap Deferred Revenue Current
DeferredRevenueCurrent
1676949 usd
CY2024Q3 us-gaap Deferred Revenue Noncurrent
DeferredRevenueNoncurrent
256864 usd
CY2023Q3 us-gaap Deferred Revenue Noncurrent
DeferredRevenueNoncurrent
372715 usd
CY2024Q3 us-gaap Deferred Revenue
DeferredRevenue
2284664 usd
CY2023Q3 us-gaap Deferred Revenue
DeferredRevenue
2049664 usd
us-gaap Lessee Operating Lease Description
LesseeOperatingLeaseDescription
lease terms of 1 year to 3 years
CY2024Q3 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
239462 usd
CY2023Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
393472 usd
CY2024Q3 qmci Current Portion Of Operating Lease Liability
CurrentPortionOfOperatingLeaseLiability
185989 usd
CY2023Q4 qmci Current Portion Of Operating Lease Liability
CurrentPortionOfOperatingLeaseLiability
206146 usd
CY2024Q3 qmci Long Term Portion Of Operating Lease Liability
LongTermPortionOfOperatingLeaseLiability
54206 usd
CY2023Q4 qmci Long Term Portion Of Operating Lease Liability
LongTermPortionOfOperatingLeaseLiability
191735 usd
CY2024Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
240195 usd
CY2023Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
397881 usd
qmci Operating Lease Weighted Average Remaining Lease Term
OperatingLeaseWeightedAverageRemainingLeaseTerm
P1Y3M18D
CY2023 qmci Operating Lease Weighted Average Remaining Lease Term
OperatingLeaseWeightedAverageRemainingLeaseTerm
P1Y10M24D
CY2024Q3 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.094 pure
CY2023Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.095 pure
CY2024Q3 us-gaap Lessor Operating Lease Payments To Be Received Next Twelve Months
LessorOperatingLeasePaymentsToBeReceivedNextTwelveMonths
56454 usd
CY2024Q3 us-gaap Lessor Operating Lease Payments To Be Received Two Years
LessorOperatingLeasePaymentsToBeReceivedTwoYears
165073 usd
CY2024Q3 us-gaap Lessor Operating Lease Payments To Be Received Three Years
LessorOperatingLeasePaymentsToBeReceivedThreeYears
34117 usd
CY2024Q3 us-gaap Lessor Operating Lease Payments To Be Received
LessorOperatingLeasePaymentsToBeReceived
255644 usd
CY2024Q3 qmci Less Imputed Interest Operating
LessImputedInterestOperating
-15449 usd
CY2024Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
240195 usd
CY2024Q3 us-gaap Operating Lease Initial Direct Cost Expense Over Term
OperatingLeaseInitialDirectCostExpenseOverTerm
59042 usd
CY2023Q3 us-gaap Operating Lease Initial Direct Cost Expense Over Term
OperatingLeaseInitialDirectCostExpenseOverTerm
58504 usd
us-gaap Operating Lease Initial Direct Cost Expense Over Term
OperatingLeaseInitialDirectCostExpenseOverTerm
177052 usd
us-gaap Operating Lease Initial Direct Cost Expense Over Term
OperatingLeaseInitialDirectCostExpenseOverTerm
176096 usd
CY2024Q3 us-gaap Short Term Lease Cost
ShortTermLeaseCost
27450 usd
CY2023Q3 us-gaap Short Term Lease Cost
ShortTermLeaseCost
27111 usd
us-gaap Short Term Lease Cost
ShortTermLeaseCost
82125 usd
us-gaap Short Term Lease Cost
ShortTermLeaseCost
81091 usd
CY2024Q3 us-gaap Operating Lease Cost
OperatingLeaseCost
86492 usd
CY2023Q3 us-gaap Operating Lease Cost
OperatingLeaseCost
85615 usd
us-gaap Operating Lease Cost
OperatingLeaseCost
259177 usd
us-gaap Operating Lease Cost
OperatingLeaseCost
257187 usd
qmci Operating Cash Flows From Operating Leases
OperatingCashFlowsFromOperatingLeases
173720 usd
qmci Operating Cash Flows From Operating Leases
OperatingCashFlowsFromOperatingLeases
172454 usd
CY2024Q3 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
10000000 shares
CY2024Q3 us-gaap Other Selling And Marketing Expense
OtherSellingAndMarketingExpense
0 usd
CY2023Q3 us-gaap Other Selling And Marketing Expense
OtherSellingAndMarketingExpense
57188 usd
us-gaap Other Selling And Marketing Expense
OtherSellingAndMarketingExpense
1750 usd
us-gaap Other Selling And Marketing Expense
OtherSellingAndMarketingExpense
80625 usd
CY2024Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
0 usd
CY2023Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
57188 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
1750 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
80625 usd
qmci Expected Stock Price Volatility
ExpectedStockPriceVolatility
0.76 pure
qmci Risk Free Interest Rate
RiskFreeInterestRate
0.04 pure
qmci Share Based Goods And Nonemployee Services Transaction Valuation Method Expected Term
ShareBasedGoodsAndNonemployeeServicesTransactionValuationMethodExpectedTerm
P2Y6M
qmci Weighted Average Fair Value Of Options And Warrants Granted
WeightedAverageFairValueOfOptionsAndWarrantsGranted
0.17
CY2023 qmci Expected Time To Expiration Years
ExpectedTimeToExpirationYears
P24Y18D
CY2023 qmci Stock Price On Valuation Date
StockPriceOnValuationDate
0.23
CY2023 qmci Five Year Peer Volatility
FiveYearPeerVolatility
0.4735 pure
CY2023 qmci Cash Flow Discount Rate
CashFlowDiscountRate
0.1586 pure
CY2024Q3 us-gaap Net Income Loss
NetIncomeLoss
-440941 usd
CY2023Q3 us-gaap Net Income Loss
NetIncomeLoss
126036 usd
us-gaap Net Income Loss
NetIncomeLoss
-720290 usd
us-gaap Net Income Loss
NetIncomeLoss
312362 usd
CY2024Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
90477798 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
90477798 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
90477798 shares
CY2024Q3 qmci Warrants To Purchase Redeemable Convertible Preferred Stock
WarrantsToPurchaseRedeemableConvertiblePreferredStock
0 usd
CY2023Q3 qmci Warrants To Purchase Redeemable Convertible Preferred Stock
WarrantsToPurchaseRedeemableConvertiblePreferredStock
2499900 usd
qmci Warrants To Purchase Redeemable Convertible Preferred Stock
WarrantsToPurchaseRedeemableConvertiblePreferredStock
0 usd
qmci Warrants To Purchase Redeemable Convertible Preferred Stock
WarrantsToPurchaseRedeemableConvertiblePreferredStock
2499900 usd
CY2024Q3 qmci Redeemable Convertible Preferred Stock
RedeemableConvertiblePreferredStock
0 usd
CY2023Q3 qmci Redeemable Convertible Preferred Stock
RedeemableConvertiblePreferredStock
10306671 usd
qmci Redeemable Convertible Preferred Stock
RedeemableConvertiblePreferredStock
0 usd
qmci Redeemable Convertible Preferred Stock
RedeemableConvertiblePreferredStock
10306671 usd
CY2023Q3 qmci Stock Options And Warrants To Purchase Common Stock
StockOptionsAndWarrantsToPurchaseCommonStock
18194879 shares
qmci Stock Options And Warrants To Purchase Common Stock
StockOptionsAndWarrantsToPurchaseCommonStock
17818937 shares
CY2024Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
90477798 shares
CY2023Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
121479248 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
90477798 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
121103306 shares
CY2024Q3 qmci Earningspersharebasic
Earningspersharebasic
-0.00
qmci Earningspersharebasic
Earningspersharebasic
-0.00
qmci Earningspersharebasic
Earningspersharebasic
0.00
CY2024Q3 qmci Earningspersharediluted
Earningspersharediluted
-0.00
CY2023Q3 qmci Earningspersharediluted
Earningspersharediluted
0.00
qmci Earningspersharediluted
Earningspersharediluted
-0.00
qmci Earningspersharediluted
Earningspersharediluted
0.00
CY2024Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
28865935 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
29203675 shares

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