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CreditRiskMonitor Announces First Quarter Results

CreditRiskMonitor Announces First Quarter Results ACCESSWIRE 15 May 2021, 06:05 GMT+10 VALLEY COTTAGE, NY / ACCESSWIRE / May 14, 2021 / CreditRiskMonitor (OTCQX:CRMZ) reported that revenues for the quarter ended March 31, 2021 increased to $4.13 million up 11% from $3.71 million in 2020. The Company reported a reduction in operating expenses of approximately $102,600 or 2.5% as compared to 2020, primarily driven by a revised methodology of accruing commissions implemented in December 2020. The Company reported a pre-tax income of approximately $243,000 as compared to pre-tax loss of approximately $264,200 in the prior year. Mike Flum, President & COO, said, We continue to reinvest in our service with new product development, additional data acquisition, and employee retention. We remain committed to enhancing the value proposition of our services and expanding our staff to support the financial risk analysis needs of our customer base. We continue to press forward with the devel

CreditRiskMonitor com, Inc : CreditRiskMonitor Announces First Quarter Results

CreditRiskMonitor.com, Inc.: CreditRiskMonitor Announces First Quarter Results VALLEY COTTAGE, NY / ACCESSWIRE / May 14, 2021 / CreditRiskMonitor (OTCQX:CRMZ) reported that revenues for the quarter ended March 31, 2021 increased to $4.13 million up 11% from $3.71 million in 2020. The Company reported a reduction in operating expenses of approximately $102,600 or 2.5% as compared to 2020, primarily driven by a revised methodology of accruing commissions implemented in December 2020. The Company reported a pre-tax income of approximately $243,000 as compared to pre-tax loss of approximately $264,200 in the prior year. Mike Flum, President & COO, said, We continue to reinvest in our service with new product development, additional data acquisition, and employee retention. We remain committed to enhancing the value proposition of our services and expanding our staff to support the financial risk analysis needs of our customer base. We continue to press forward with the development of

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