VALLEY COTTAGE, NY — (Marketwired) — 08/11/15 — CreditRiskMonitor (OTCQX: CRMZ) reported that revenues increased 4% for both the 3 and 6 months ended June 30, 2015, to $3.11 million and $6.18 million, respectively. For the same periods, income from operations was $237,000 and $293,900, respectively, compared to $262,100 and $127,000 for the comparable 2014 periods. Cash, cash equivalents and marketable securities at the end of the six-month period increased $367,000 to $9.26 million from the 2014 year-end balance of $8.89 million.
Jerry Flum, CEO, said, “This year–s operating results compare favorably to last year after factoring out the $220,000 refund received during 2014–s second quarter for sales taxes previously paid on third party content. We remain debt free and continue to invest in marketing and product development while still generating strong free cash flow.”
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 $90 billion of trade accounts 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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