VALLEY COTTAGE, NY - (NewMediaWire) - November 06, 2015 - 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 (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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