CreditRiskMonitor Announces 1Q Results

VALLEY COTTAGE, NY -- (Marketwired) -- 05/07/15 -- CreditRiskMonitor (OTCQX: CRMZ) reported that for the 3 months ended March 31, 2015 revenues increased 3% to $3.07 million compared to $2.97 million in last year's first quarter. Net income for the quarter was $36,500 compared to a net loss of $139,200 in the prior year period. Cash and marketable securities increased $239,600 since 2014 year-end, to $9.13 million.

Jerry Flum, CEO, said, "The Company has continued investing in the enhancement of our infrastructure, adding new data, creating new tools for subscribers and has begun putting resources into marketing. We're still debt free and our strong cash position provides us with financial flexibility in case new opportunities arise."

                        CREDITRISKMONITOR.COM, INC.
                          STATEMENTS OF OPERATIONS
               FOR THE 3 MONTHS ENDED MARCH 31, 2015 AND 2014
                                (Unaudited)

                                                     2015          2014
                                                 ------------  ------------

Operating revenues                               $  3,070,206  $  2,969,388
                                                 ------------  ------------

Operating expenses:
  Data and product costs                            1,229,736     1,301,445
  Selling, general and administrative expenses      1,730,813     1,746,410
  Depreciation and amortization                        52,747        56,672
                                                 ------------  ------------

    Total operating expenses                        3,013,296     3,104,527
                                                 ------------  ------------

Income (loss) from operations                          56,910      (135,139)
Other income (expense), net                             4,956         8,575
                                                 ------------  ------------

Income (loss) before income taxes                      61,866      (126,564)
Provision for income taxes                             25,345        12,628
                                                 ------------  ------------

Net income (loss)                                $     36,521  $   (139,192)
                                                 ============  ============

Net income (loss) per common share of stock:
  Basic                                          $          -  $      (0.02)
                                                 ============  ============
  Diluted                                        $          -  $      (0.02)
                                                 ============  ============

Weighted average number of common shares
 outstanding:
  Basic                                             8,062,358     7,958,653
  Diluted                                           8,232,862     7,958,653

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

                                                   March 31,     Dec. 31,
                                                     2015          2014
                                                 ------------  ------------
                                                  (Unaudited)

ASSETS
Current assets:
  Cash and cash equivalents                      $  7,764,607  $  7,529,468
  Marketable securities                             1,367,892     1,363,439
  Accounts receivable, net of allowance             1,440,510     2,078,710
  Other current assets                                573,744       516,585
                                                 ------------  ------------

    Total current assets                           11,146,753    11,488,202

Property and equipment, net                           302,447       337,339
Goodwill                                            1,954,460     1,954,460
Other assets                                           51,827        23,682
                                                 ------------  ------------

    Total assets                                 $ 13,455,487  $ 13,803,683
                                                 ============  ============


LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities:
  Deferred revenue                               $  7,713,807  $  7,612,836
  Accounts payable                                     43,241       137,258
  Accrued expenses                                    741,369     1,230,966
                                                 ------------  ------------

    Total current liabilities                       8,498,417     8,981,060

Deferred taxes on income                              743,691       743,691
Other liabilities                                       1,455         2,546
                                                 ------------  ------------

    Total liabilities                               9,243,563     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
   8,112,530 and 8,055,365 shares, respectively        81,125        80,553
  Additional paid-in capital                       29,274,485    29,176,040
  Accumulated deficit                             (25,143,686)  (25,180,207)
                                                 ------------  ------------

    Total stockholders' equity                      4,211,924     4,076,386
                                                 ------------  ------------

    Total liabilities and stockholders' equity   $ 13,455,487  $ 13,803,683
                                                 ============  ============

Overview

CreditRiskMonitor (http://www.crmz.com) is a Web-based publisher of financial information, designed to save time and help busy corporate credit and procurement professionals manage risk. The service offers comprehensive commercial credit reports covering public companies worldwide. Over 30% of the Fortune 1000 already use CreditRiskMonitor's timely news alerts and reports that feature 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 predictive in anticipating corporate financial stress, including bankruptcy.

Safe Harbor Statement

Certain statements in this press release may 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. More information about these risks, uncertainties and factors can be found in the "Risk Factors" of the Company's Registration Statements or Securities and Exchange Commission Reports. We disclaim any intention or obligation to update or 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
[email protected]

Source: CreditRiskMonitor.com, Inc.

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