Kenneth Ellis's questions to QuoteMedia Inc (QMCI) leadership • Q1 2024
Question
The analyst asked about the company's hiring plans for the year and how much additional staff would be needed to support a significant increase in revenue.
Answer
Management stated that a recent round of sales hiring is complete and there are no plans for a dramatic surge in hiring. The company's infrastructure is built to be scalable, so a significant revenue increase, such as by $10 million, would only require nominal hiring and would not necessitate a proportional increase in staff.