VALLEY COTTAGE, NY—May 7, 2015—CreditRiskMonitor (OTCQX: CRMZ) reported that for the 3 months ended March 31, 2015 revenues increased 3% to $3.07 million compared to $2.97 million in last year’s first quarter. Net income for the quarter was $36,500 compared to a net loss of $139,200 in the prior year period. Cash and marketable securities increased $239,600 since 2014 year-end, to $9.13 million.
Jerry Flum, CEO, said, “The Company has continued investing in the enhancement of our infrastructure, adding new data, creating new tools for subscribers and has begun putting resources into marketing. We’re still debt free and our strong cash position provides us with financial flexibility in case new opportunities arise.”
CreditRiskMonitor (http://www.crmz.com) 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.
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