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VALLEY COTTAGE, NY / ACCESS Newswire / May 8, 2025 / CreditRiskMonitor.com, Inc. (OTCQX:CRMZ) reported revenues of $4.9 million, an increase of approximately $63 thousand or 1%, for the first quarter of fiscal 2025 compared to the same period of fiscal 2024. The Company reported operating income of approximately $25 thousand, an increase of approximately $61 thousand, for the first quarter of fiscal 2025 compared to the same period of fiscal 2024. The increase in operating income was primarily driven by decreased expenses related to customer acquisition costs and professional services. The Company reported net income of approximately $159 thousand, an increase of approximately $32 thousand or 25%, for the first quarter of fiscal 2025 compared to the same period of fiscal 2024.
Mike Flum, CEO, said, "We are progressing our plan to achieve higher team efficiency by pursuing new roles and AI processes to debottleneck some of our revenue and marketing motions while also enhancing our data, product, and development initiatives. We expect to have higher expenses in the short term as we onboard these new people and technologies, but they will provide a great foundation for long-term efficiency gains.
From the macroeconomic perspective, companies are going bankrupt at the fastest rate since 2010 and trade tensions, tariffs, as well as rising nationalist tendencies portend ongoing global trade disruptions. Both conditions have increased demand for demonstrations of our products but are also delaying the closing deals as subscribers and prospects apply a ‘wait & see' strategy in this highly volatile economic and political environment. We continue to review and tinker with product improvements and new pricing strategies to combat this slowdown, but we are confident that financial risk solutions will become more necessary as the aforementioned conditions extend and businesses are forced to respond accordingly."
A full copy of the financial statements can be found at https://crmz.ir.edgar-online.com/
Overview
CreditRiskMonitor.com, Inc. (creditriskmonitor.com) sells a suite of web-based, SaaS subscription products providing access to comprehensive commercial credit reports, bankruptcy risk analytics, financial and payment information, and curated news on public and private companies worldwide. Our primary SaaS subscription products for analyzing commercial financial risk are CreditRiskMonitor® and SupplyChainMonitor™. These products help corporate credit and procurement professionals stay ahead of and manage financial risk more quickly, accurately, and cost-effectively. Our subscribers include nearly 40% of the Fortune 1000 and well over a thousand other large corporations worldwide.