CreditRiskMonitor Announces 3Q Results
(firmenpresse) - VALLEY COTTAGE, NY -- (Marketwired) -- 11/06/15 -- CreditRiskMonitor (OTCQX: CRMZ) reported that revenues were $3.15 million and $9.33 million for the 3 and 9 months ended September 30, 2015, respectively, an increase of 2% and 3% over the comparable periods last year. For the same periods, income from operations was $328,700 and $622,600, respectively, compared to $250,200 and $377,200 for the comparable 2014 periods. Cash, cash equivalents and marketable securities at the end of the nine-month period increased $673,000 to $9.57 million versus the 2014 year-end balance of $8.89 million.
Jerry Flum, CEO said, "To address the reduced rate of sales growth, we are building new marketing capabilities and we continue to invest in improving the utility of our product. Our balance sheet continues to be strong, which provides us the flexibility to manage our company for long-term shareholder value."
CreditRiskMonitor () is a web-based publisher of financial information that helps busy corporate credit and procurement professionals stay ahead of and manage risk quickly, productively and accurately. The service offers comprehensive commercial credit reports and analysis covering public companies worldwide in competition with Dun & Bradstreet. Additionally, the Company collects from subscribers more than $100 billion of trade receivable data on both public and a select group of private companies every month. Over 35% of the Fortune 1,000 depend on CreditRiskMonitor's timely news alerts and reports featuring detailed analyses of financial statements, ratio analysis and trend reports, peer analyses, bond agency ratings, as well as the company's proprietary FRISK® scores, which have been proven 95% predictive in anticipating corporate financial stress, including bankruptcy.
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: 06.11.2015 - 14:30 Uhr
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News-ID 432603
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VALLEY COTTAGE, NY
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Commercial & Investment Banking
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