5/13/2021

speaker
Operator
Conference Operator

Ladies and gentlemen, good day, and thank you all for joining us for this Quote Media first quarter 2021 results. At this time, all participants are in a listen-only mode, and later you will have the opportunity to ask questions. You may register to ask a question at any time by pressing the star and 1 on your touchtone phone. Please note, this call may be recorded. It is now my pleasure for opening remarks and introductions to turn today's program over to Mr. Brandon Hopkins. Please go ahead, sir.

speaker
Brandon Hopkins
Director of Investor Relations

Thank you. And thanks for joining us today. We have a brief safe harbor, and then we'll get started. Except for historical information contained herein, the statements in this conference call are forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve known and unknown risks and uncertainties, which may cause our actual results in future periods to differ materially from forecasted results. With that said, I will turn the call over to Dave Schmorin, CEO of Quote Media.

speaker
Dave Schmorin
CEO

Thanks, Brendan. Welcome, everybody, and thank you for joining us. We're pleased to announce that we achieved a 22% increase in revenue in Q1 over Q1 of last year. And as we discussed on our annual call last month, we had achieved a 10% growth in Q4. And in this recent Q1, we achieved an additional 10% revenue increase over Q4. Needless to say, we're very pleased that our trajectory is dramatically improving, and we are certainly excited to see what we can accomplish over the coming year. We've released several of our new products and data sets to clients, but we've not yet completed the full launch of quite a few of our new products. Over the coming months, we'll be releasing more of our new data sets and product lines such as our new stock charting system, our new QuoteStream web application, which is our HTML5 version of our QuoteStream application. We'll be launching our new company research reports, our new analytics, metrics, scoring products, and on and on. It's certainly going to be a busy year taking all of these new products to market. On the customer side, we're definitely seeing more large clients coming to us for proposals and price quotes. and we're seeing that our brand is building quite quickly in the industry. Many firms are approaching us to replace their incumbent data or application provider, and many are looking to move away from the larger firms either to save money or to switch off of antiquated quote systems. We're on track for a really good year, and we hope to keep everything ramping up as we continue to expand our market share. I'll now pass the mic to Keith Randall so he can take us through the numbers for the last quarter, and then we can answer any of your questions that you have.

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