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CreditRiskMonitor® reported operating revenues of $4.7 million, an increase of approximately $232 thousand or 5%, for the second quarter of fiscal 2023 compared to the same period of fiscal 2022.

CreditRiskMonitor and Allianz Trade, the world’s leading trade credit insurer, are pleased to announce the approval of CreditRiskMonitor as a Discretionary Credit Limit (DCL) report provider in the U.S.

American freight transporter Yellow Corporation has declared bankruptcy after years of financial struggles and growing debt, marking a significant shift for the U.S. transportation industry and shippers nationwide.

CreditRiskMonitor® conducted its Annual Shareholder Meeting on July 12, 2023 and Dr. Brigitte Muehlmann and Mrs. Lisa Reisman were elected as new members of its Board of Directors, effective immediately.

Updating CreditRiskMonitor’s Confidential Financial Statement Service (CFS) Risk Model has led to higher capture rates of bankruptcy in private companies, with a remarkable upward spike in captures on applicable companies with lower FRISK® scores.

CreditRiskMonitor reported operating revenues of $4.6 million, an increase of approximately $253 thousand or 6%, for the three months ended March 31, 2023, as compared to the first quarter of fiscal 2022.

Continuing deterioration in operating performance and intense pricing pressure from competitors were tough pills to swallow for generic pharmaceutical manufacturer Lannett Company, Inc., ultimately leading to its bankruptcy.

CreditRiskMonitor today announced that its Board of Directors has appointed Michael Flum, the Company’s President and Chief Operating Officer, as CreditRiskMonitor’s next Chief Executive Officer. 

Cash-strapped home goods retailer Bed Bath & Beyond is now bankrupt, capping one of the craziest documented descents into Chapter 11 seen by our clients in some time.