QMCI - QuoteMedia: A Financial Data Provider And Microcap Stock Bargain
Profile
The Company provides market data, financial web content solutions and cloud-based applications. Revenue by type of service consists of the following:
The 3 types of services are growing in tandem. Much of the development cost of the software was incurred over the last 10 years. While system improvements continue, and so will development costs, the company is clearly set to improve gross margins as revenues are increasing faster than development costs.
A compelling opportunity to position for future growth
The gross margin for Q3 2018 was 52% an improvement from 45% for Q3 2017.