/EINPresswire.com/ -- VALLEY COTTAGE, NY -- (Marketwired) -- 11/06/15 -- 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.COM, INC.
                          STATEMENTS OF OPERATIONS
          FOR THE 3 AND 9 MONTHS ENDED SEPTEMBER 30, 2015 AND 2014
                                (Unaudited)

                                 3 Months Ended          9 Months Ended
                                  September30,            September30,
                             ----------------------  ----------------------
                                2015        2014        2015        2014
                             ----------  ----------  ----------  ----------

Operating revenues           $3,153,249  $3,084,640  $9,330,561  $9,052,038
                             ----------  ----------  ----------  ----------

Operating expenses:
  Data and product costs      1,134,296   1,165,970   3,534,268   3,488,934
  Selling, general and
   administrative expenses    1,635,790   1,614,332   5,006,033   5,017,858
  Depreciation and
   amortization                  54,470      54,108     167,655     168,019
                             ----------  ----------  ----------  ----------

    Total operating expenses  2,824,556   2,834,410   8,707,956   8,674,811
                             ----------  ----------  ----------  ----------

Income from operations          328,693     250,230     622,605     377,227
Other income (expense), net      (4,680)     (5,721)      1,014      16,101
                             ----------  ----------  ----------  ----------

Income before income taxes      324,013     244,509     623,619     393,328
Provision for income taxes     (129,606)   (118,328)   (257,618)   (189,569)
                             ----------  ----------  ----------  ----------

Net income                   $  194,407  $  126,181  $  366,001  $  203,759
                             ==========  ==========  ==========  ==========

Net income per common share
 of stock:
  Basic                      $     0.02  $     0.02  $     0.04  $     0.03
  Diluted                    $     0.02  $     0.02  $     0.04  $     0.02



                        CREDITRISKMONITOR.COM, INC.
                               BALANCE SHEETS
                  SEPTEMBER 30, 2015 AND DECEMBER 31, 2014

                                                  Sept. 30       Dec. 31,
                                                    2015           2014
                                               -------------  -------------
                                                (Unaudited)

ASSETS
Current assets:
  Cash and cash equivalents                    $   8,226,723  $   7,529,468
  Marketable securities                            1,338,900      1,363,439
  Accounts receivable, net of allowance            1,377,634      2,078,710
  Other current assets                               672,740        516,585
                                               -------------  -------------

    Total current assets                          11,615,997     11,488,202

Property and equipment, net                          424,592        337,339
Goodwill                                           1,954,460      1,954,460
Other assets                                          45,049         23,682
                                               -------------  -------------

    Total assets                               $  14,040,098  $  13,803,683
                                               =============  =============


LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities:
  Deferred revenue                             $   7,330,952  $   7,612,836
  Accounts payable                                   111,577        137,258
  Accrued expenses                                 1,163,896      1,230,966
                                               -------------  -------------

    Total current liabilities                      8,606,425      8,981,060

Deferred taxes on income                             720,867        743,691
Other liabilities                                      1,726          2,546
                                               -------------  -------------

    Total liabilities                              9,329,018      9,727,297
                                               -------------  -------------

Stockholders' equity:
  Preferred stock, $.01 par value; authorized
   5,000,000 shares; none issued                          --             --
  Common stock, $.01 par value; authorized
   25,000,000 shares; issued and outstanding
   8,247,887 and 8,055,365 shares,
   respectively                                       82,479         80,553
  Additional paid-in capital                      29,442,807     29,176,040
  Accumulated deficit                            (24,814,206)   (25,180,207)
                                               -------------  -------------

    Total stockholders' equity                     4,711,080      4,076,386
                                               -------------  -------------

    Total liabilities and stockholders' equity $  14,040,098  $  13,803,683
                                               =============  =============

Overview

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.

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.

CONTACT:
CreditRiskMonitor.com, Inc.
Jerry Flum
CEO
(845) 230-3030
ir@crmz.com

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