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Quotemedia Inc
11/10/2022
Good day, ladies and gentlemen, and thank you all for joining us for this Quote Media 2022 Q3 results call. As a reminder, all phone participants are in a listen-only mode, and later you will have the opportunity to ask questions during the question and answer session. You may register to ask a question at any time by pressing the star and one on your touchtone phone. You may withdraw yourself from the queue by pressing star and two. Please note that this call is being recorded, and I'll be standing by if you should need any assistance. It is now my pleasure to get us started with Mr. Brendan Hawkins. Please go ahead, sir.
Thank you. Thank you, everyone, for joining us today. We have a brief safe harbor, and 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 1985. Forward-looking statements involve known and unknown risks and uncertainties that may cause our actual results in future periods to differ materially from forecasted results. With that said, I would like to turn the call over to Dave Schwarren, CEO of Quote Media.
Thanks, Brendan. Welcome, everybody, and thank you for joining us. We're pleased to announce that we have achieved a 15% increase in revenue in Q3 over Q3 of last year, and we're very happy with our growth this quarter. We did project that we would be a bit higher in the quarter, but the deviation of the Canadian dollar devaluation of the Canadian dollar had an impact on our top-line revenue. Fortunately, this does not affect our bottom line as our Canadian dollar revenue and expenses are almost equal. In any case, we are growing faster than ever and the announcements that we have closed major deals with two of Canada's largest banks certainly has been an eye-opener to the industry. Many more firms are now coming to us to discuss doing business with Quote Media. Q4 of this year and Q1 of next year are big rollout quarters for us. We'll be releasing new data products, launching new trading integrations, and taking some of these larger clients live. We're now head down for the rest of the year, working hard to meet all of our deadlines, and the pace of everything at Quote Media is certainly at a peak. This will be our best year, of course, but next year is already looking to be much better. We are very excited to see what the future holds. I'll now pass the mic to Keith Randall so he can take us through the numbers for the quarter, and then we can answer any questions that you may have.
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