CreditRiskMonitor Announces 3Q Results
(firmenpresse) - VALLEY COTTAGE, NY -- (Marketwired) -- 11/01/13 -- CreditRiskMonitor (OTCQX: CRMZ) reported that revenues were $3.01 million and $8.81 million for the 3 and 9 months ended September 30, 2013, respectively, an increase of 7% over the comparable periods last year. For the same periods, income from operations was $313,800 and $482,100, respectively, compared to $442,200 and $724,400 for the comparable 2012 periods. Cash, cash equivalents and marketable securities at the end of the nine-month period increased $506,000 to $8.66 million versus the 2012 year-end balance of $8.15 million.
Jerry Flum, CEO said, "We're continuing to follow our long-term business strategy of building our infrastructure, adding new data elements and creating new tools for subscribers, realizing that our short-term results continue to be adversely impacted. Sales are still growing and our balance sheet continues to be strong, thus providing us with the flexibility of managing our company toward the long-term goal of creating greater shareholder value."
CreditRiskMonitor () is an Internet-based publisher of financial risk analysis and news, designed to save time for busy corporate credit and procurement/supply-chain professionals. The service offers comprehensive commercial credit reports covering over 40,000 public companies worldwide. Over 30% of the Fortune 1,000 already use CreditRiskMonitor's timely news alerts and reports that feature detailed analyses of financial statements, ratio analysis and trend reports, peer analyses, as well as the Company's proprietary FRISK® scores.
Certain statements in this press release, including statements prefaced by the words "anticipates," "estimates," "believes," "expects" or words of similar meaning, constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance, expectations or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements, including, among others, those risks, uncertainties and factors referenced from time to time as "risk factors" or otherwise in the Company's Registration Statements or Securities and Exchange Commission Reports. We disclaim any intention or obligation to revise any forward-looking statements, whether as a result of new information, a future event, or otherwise.
CreditRiskMonitor.com, Inc.
Jerry Flum
CEO
(845) 230-3030
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Datum: 01.11.2013 - 10:00 Uhr
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News-ID 311700
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VALLEY COTTAGE, NY
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