QuoteMedia, Inc. (PNK:QMCI) Q4 2022 Earnings Call Transcript

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Dave Shworan: So no, we’ve actually done very well. We spent probably 3 years on new data sets, new data on data, so more analytics and extra data sets, things like that. going out there and sourcing data directly from all kinds of different providers. We do all of our own news. We bring it from every single news provider, etcetera, etcetera. So a lot of this is done. We’re doing all of that. It’s what we’re working on now and especially this year, is continuing to take all of that data into all of our products. So building out more and more products with all of these new data sets. There’s all kinds of things that clients are looking for different screening, different analytics, different alerting systems, all kinds of things like that, our new research reports, for example, so it’s more of the — all the different methods of delivery, not necessarily the collection of the data or the creation of the data anymore. Now it’s the delivery of that data.

Unidentified Analyst: Got you. Well, congratulations again and good luck on 2023.

Operator: And we show no further questions at this time. I will turn the call back over to our presenters for any closing or additional remarks. Actually, my apologies. We do have another question from Richard Walker .

Unidentified Analyst: Sorry, guys. I had to sneak this in real quick. Stock versus stock. You guys are doing the most important thing that you can do, growing the business in a profitable way and I appreciate that. Have you given any thought or had any discussions about finding ways to increase the liquidity of the stock and maybe get the word out there. I know, Dave, you do these conferences and these interviews. And again, they’re much appreciated. I enjoy my watch every one of them but any thoughts on anything else that might be done in the future?

Dave Shworan: I think just continuing with what we’re doing. I mean I am going to conferences, I do have a bunch lined up this year, so I will be doing some more road trips which I didn’t do a lot in the past. But yes, it’s one of these things where it’s most important for me to meet with the clients and do all of those things because that’s where the money is, right? And making sure that we take care of all of these clients is key. I’m really hoping that the stock follow suit and that people recognize our growth and what we’re doing and how we’re establishing ourselves in the industry. And we’ll continue to do what we can for the stock. But it’s — I think we’re kind of looking at it and saying, okay, let’s get to a certain level and then let’s take a look at maybe uplifting.

That’s probably the angle that is when the stock is better to focus on rather than too much right now. I mean doing what we can but going after all the clients is really our primary goal right now.

Operator: And we show no further questions at this time. I will turn the call back to our presenters for any closing or additional remarks.

Dave Shworan: Okay. Well, thank you so much, everybody. I don’t have any more to tell you. We had a great year. And once again, thanks again for taking the time to be on the call with us. And if you have future questions, feel free to reach out to Brendan Hopkins which is bhopkins@qotemedia.com. Thank you so much. Have a great day. Bye-bye.

Operator: This does conclude today’s program. Thank you for your participation. You may disconnect at any time.

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