CreditRiskMonitor Announces 2Q Results

VALLEY COTTAGE, NY -- (Marketwired) -- 08/11/15 -- CreditRiskMonitor (OTCQX: CRMZ) reported that revenues increased 4% for both the 3 and 6 months ended June 30, 2015, to $3.11 million and $6.18 million, respectively. For the same periods, income from operations was $237,000 and $293,900, respectively, compared to $262,100 and $127,000 for the comparable 2014 periods. Cash, cash equivalents and marketable securities at the end of the six-month period increased $367,000 to $9.26 million from the 2014 year-end balance of $8.89 million.

Jerry Flum, CEO, said, "This year's operating results compare favorably to last year after factoring out the $220,000 refund received during 2014's second quarter for sales taxes previously paid on third party content. We remain debt free and continue to invest in marketing and product development while still generating strong free cash flow."

                         CREDITRISKMONITOR.COM, INC.
                            STATEMENTS OF INCOME
             FOR THE 3 AND 6 MONTHS ENDED JUNE 30, 2015 AND 2014
                                 (Unaudited)

                              3 Months Ended            6 Months Ended
                                 June 30,                  June 30,
                         ------------------------  ------------------------
                             2015         2014         2015         2014
                         -----------  -----------  -----------  -----------

Operating revenues       $ 3,107,106  $ 2,998,010  $ 6,177,312  $ 5,967,398
                         -----------  -----------  -----------  -----------

Operating expenses:
  Data and product costs   1,170,236    1,021,519    2,399,972    2,322,964
  Selling, general and
   administrative
   expenses                1,639,430    1,657,116    3,370,243    3,403,526
  Depreciation and
   amortization               60,438       57,240      113,185      113,911
                         -----------  -----------  -----------  -----------

    Total operating
     expenses              2,870,104    2,735,875    5,883,400    5,840,401
                         -----------  -----------  -----------  -----------

Income from operations       237,002      262,135      293,912      126,997
Other income, net                738       13,247        5,694       21,822
                         -----------  -----------  -----------  -----------

Income before income
 taxes                       237,740      275,382      299,606      148,819
Provision for income
 taxes                      (102,667)     (58,613)    (128,012)     (71,241)
                         -----------  -----------  -----------  -----------

Net income               $   135,073  $   216,769  $   171,594  $    77,578
                         ===========  ===========  ===========  ===========

Net income per share:
  Basic and diluted      $      0.02  $      0.03  $      0.02  $      0.01

Weighted average number
 of shares outstanding:
  Basic                    8,163,302    7,959,200    8,112,830    7,958,926
  Diluted                  8,310,376    8,211,239    8,271,619    8,223,004



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

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

ASSETS
Current assets:
  Cash and cash equivalents                      $  7,916,225  $  7,529,468
  Marketable securities                             1,344,107     1,363,439
  Accounts receivable, net of allowance             1,617,270     2,078,710
  Other current assets                                824,048       516,585
                                                 ------------  ------------

    Total current assets                           11,701,650    11,488,202

Property and equipment, net                           411,824       337,339
Goodwill                                            1,954,460     1,954,460
Other assets                                           40,780        23,682
                                                 ------------  ------------

    Total assets                                 $ 14,108,714  $ 13,803,683
                                                 ============  ============

LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities:
  Deferred revenue                               $  7,796,280  $  7,612,836
  Accounts payable                                     83,040       137,258
  Accrued expenses                                  1,096,056     1,230,966
                                                 ------------  ------------

    Total current liabilities                       8,975,376     8,981,060

Deferred taxes on income                              720,867       743,691
Other liabilities                                         364         2,546
                                                 ------------  ------------

    Total liabilities                               9,696,607     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
   8,201,387 and 8,055,365 shares, respectively        82,014        80,553
  Additional paid-in capital                       29,338,706    29,176,040
  Accumulated deficit                             (25,008,613)  (25,180,207)
                                                 ------------  ------------

    Total stockholders' equity                      4,412,107     4,076,386
                                                 ------------  ------------

    Total liabilities and stockholders' equity   $ 14,108,714  $ 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 $90 billion of trade accounts 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.

CreditRiskMonitor.com, Inc.
Jerry Flum
CEO
(845) 230-3030
[email protected]

Source: CreditRiskMonitor.com, Inc.

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