QuoteMedia Inc. Reports 5% Revenue Increase to $4.93M and Net Loss of $853K in Q2 2025
QuoteMedia Inc. has reported its financial results for the second quarter of 2025. The company achieved revenue of $4.93 million, marking a 5% increase from the $4.68 million reported in the same quarter of 2024, with FX-neutral growth standing at 6%. Despite the revenue growth, QuoteMedia recorded a net loss of $853,582, a significant increase from the $251,173 loss in Q2 2024. This increased loss is attributed to changes in the accounting impact of development cost capitalization. Adjusted EBITDA for the quarter was reported at $99,121, down from $493,393 in Q2 2024, reflecting lower capitalized development costs. QuoteMedia's management noted successful revenue growth and the closing of major new contracts expected to start generating revenue in the third quarter. Additionally, the company is in advanced negotiations for further large-scale deployments, which are anticipated to enhance future performance.
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