QMCI - Research - QuoteMedia (QMCI) - Among Our Candidates For Most Likely To Succeed in 2020

Tweaking our full year 2019 and 2020 estimates slightly upward. Based on our Q4 adj. EBITDA estimate of $463,000, our full year 2019 cash flow estimate is $2.06 million. We anticipate that full year 2020 cash flow will decline 10% to $1.84 million, up roughly $200,000 from our previous estimate of $1.63 million. Upside to our estimates. Our 2020 estimates could prove to be conservative should the company slow investment spend and/or obtain a significant client win. At this point, upside revenue visibility is low and we are maintaining a conservative posture, which does not anticipate a major client win in 2020. Read More >>