Overview

• Financial data solutions provider's Q1 revenue grew 15% yr/yr

• Adjusted EBITDA for Q1 declined compared to prior year

• Net loss widened in Q1 due to lower capitalized development costs and higher amortization

Outlook

• Company expects momentum from early 2026 to continue through the year and beyond

• Company anticipates recently completed agreements will contribute to revenue for the rest of 2026

• QuoteMedia says sales and development pipelines remain strong

Result Drivers

• NEW AGREEMENTS - Co said revenue growth was driven by completion of several significant new agreements and ongoing negotiations for additional large-scale deployments

• CAPITALIZED DEVELOPMENT COSTS - Decline in earnings and adjusted EBITDA attributed to a smaller proportion of development costs being capitalized, resulting in higher immediate expense recognition

• AMORTIZATION EXPENSE - Elevated amortization expense from prior investments further reduced net income

Company press release: ID:nGNX9CvNZk

Key Details

Metric	Beat/Miss	Actual	Consensus Estimate
Q1 Revenue	Slight Miss*	$5.50 mln	$5.52 mln (1 Analyst)

*Applies to a deviation of less than 1%; not applicable for per-share numbers.

Analyst Coverage

• The one available analyst rating on the shares is "buy"

• The average consensus recommendation for the software peer group is "buy"

• Wall Street's median 12-month price target for QuoteMedia Inc is $0.23, about 31.6% above its May 13 closing price of $0.17

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