CreditRiskMonitor.com Inc. (CRMZ)
OTCQX OTCQX Primary Summary
CreditRiskMonitor Announces Third Quarter Results
VALLEY COTTAGE, NY / ACCESSWIRE / November 14, 2024 / CreditRiskMonitor.com, Inc. (OTCQX:CRMZ) reported operating revenues of $5.0 million, an increase of approximately $217 thousand or 5%, for the third quarter of fiscal 2024 compared to the same period of fiscal 2023. The Company reported pre-tax income of approximately $716 thousand, an increase of approximately $222 thousand, for the third quarter of fiscal 2024 compared to the same period of fiscal 2023.
CreditRiskMonitor.com Recognized by Spend Matters Fall 2024 SolutionMap
VALLEY COTTAGE, NY / ACCESSWIRE / October 7, 2024 / CreditRiskMonitor.com, Inc. (OTCQX:CRMZ) is pleased to announce that its SupplyChainMonitor™ solution has been recognized as a top procurement technology in the Spend Matters Fall 2024 SolutionMap, particularly excelling in the Risk Management TPRM/SCRM (third-party risk management and supply chain risk management) category with a focus on financial risk. We also earned top marks for Supplier Risk Modeling and Supplier Risk Mitigation, solidifying our best-in-class position in this niche.
CreditRiskMonitor Announces Second Quarter Results
VALLEY COTTAGE, NY / ACCESSWIRE / August 12, 2024 / CreditRiskMonitor.com, Inc. (OTCQX:CRMZ) reported operating revenues of $4.9 million, an increase of approximately $251 thousand or 5%, for the second quarter of fiscal 2024 compared to the same period of fiscal 2023. The Company reported pre-tax income of approximately $170 thousand, a decrease of approximately $423 thousand, for the second quarter of fiscal 2024 compared to the same period of fiscal 2023.
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CreditRiskMonitor.com Inc. Profile
| Software Industry | Information Technology Sector | Michael Ilan Flum CEO | OTCQX Exchange | 225426105 CUSIP |
| US Country | 90 Employees | 2 Dec 2019 Last Dividend | 16 Dec 2015 Last Split | - IPO Date |
Overview
CreditRiskMonitor.com, Inc. is a leading provider of business-to-business software-as-a-service (SaaS) solutions, specifically designed for corporate credit and procurement professionals across the United States. With its foundation in 1977 and headquartered in Valley Cottage, New York, the company has established itself as a crucial tool for professionals involved in credit risk management and procurement processes. CreditRiskMonitor.com, Inc. operates as a subsidiary of Flum Partners, offering a range of subscription-based products geared towards enhancing the efficiency and accuracy of credit risk assessment and supplier management.
Products and Services
- CreditRiskMonitor
This flagship product provides subscribers with comprehensive usage and access to financial data on both public and private companies. It features detailed analyses including multi-period spreads of financial reports, credit risk scores, payment-behavior scores, and other essential metrics like trend reports and peer analysis. In addition, it offers credit limit recommendations and a curated selection of financial news deemed important for credit evaluation purposes.
- SupplyChainMonitor
Created to cater to procurement, supply chain, sourcing, and finance professionals, this solution offers a focused risk management tool for those involved in the supplier lifecycle. It aids in initial risk assessment and provides continuous monitoring to manage and mitigate potential risks effectively.
- Credit Limit Service
An additional service available through the CreditRiskMonitor platform, this helps subscribers in managing credit lines for their customers based on the latter’s financial health. This add-on ensures that credit lines remain aligned with ongoing changes in the financial strength of a customer base.
- Financial Statement Processing
This service provides a convenient option for subscribers who need assistance in the data entry and standardization of private company financial statements. It simplifies the process, making it more efficient to analyze and compare financial data consistently.
- Confidential Financial Statement Tool and Portal
These offerings enable subscribers to effortlessly collect and standardize confidential financial statements from their private company counterparts. This tool encourages counterparts to enter or upload their financial statements into a system that then standardizes and scores these documents to provide private company FRISK scores, aiding in a more accurate risk assessment process.
