CreditRiskMonitor Announces 3Q Results

CreditRiskMonitor Announces 3Q Results

VALLEY COTTAGE, N.Y.November 8, 2018 — CreditRiskMonitor (OTCQX: CRMZ) reported that revenues were $3.48 million and $10.33 million for the three and nine months ended Sept. 30, 2018, respectively, an increase of 2.8% and 3.7% over the comparable periods last year. For the same periods, loss from operations was approximately ($45,300) and ($521,000), respectively, versus approximately ($4,800) and ($439,500) for the comparable 2017 periods. Cash and cash equivalents at the end of the nine-month period decreased $128,700 to $8.61 million versus the 2017 year-end balance of $8.74 million.

Jerry Flum, CreditRiskMonitor CEO said, “We’re continuing to develop new products. As previously noted, we launched our private company Financial Statement Sourcing in 4Q 2017 and the PAYCE™ private company neural network score in 1Q 2018. Our debt-free liquid balance sheet remains strong, allowing us to continue investing in our services with the long-term goal of enhancing shareholder value.”


CreditRiskMonitor is a web-based publisher of financial information that helps corporate credit and procurement professionals stay ahead of business financial risk quickly, accurately and cost effectively. The service offers comprehensive commercial credit reports and financial risk analysis covering public companies worldwide. Unlike other commercial credit bureaus like Dun & Bradstreet, CreditRiskMonitor’s primary expertise and focus is on financial analysis of public debt and equity companies.

The Company also collects approximately $140 billion of trade receivable data on both public and a select group of private companies each and every month, to help subscribers determine payment performance. 

Over 35% of the Fortune 1000 plus more than 1,000 other large companies worldwide 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, crowdsourcing of risk professionals as well as the company's proprietary FRISK® and PAYCETM scores.

Safe Harbor Statement

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.