CreditRiskMonitor Announces First Quarter Results [Yahoo! Finance]
CREDITRISKMONITOR.COM INC (CRMZ)
NASDAQ:AMEX Investor Relations:
creditriskmonitor.com/investors
Company Research
Source: Yahoo! Finance
approximately $218 thousand or 5%, for the first quarter of fiscal 2024 compared to the same period of fiscal 2023. The Company reported pre-tax income of approximately $166 thousand, a decrease of approximately $189 thousand, for the first quarter of fiscal 2024 compared to the same period of fiscal 2023. The decrease in pre-tax profitability was primarily driven by increased expenses related to employee salaries, employee benefits, commissions, and third-party content due to inflation. Mike Flum, CEO, said, "Our reduced operating income for the first quarter of 2024 reflects the increased investments we have made in new data, technology development, marketing, and employee upskilling to support larger revenue growth. We remain committed to staying marginally profitable while pursuing this goal; however, these operational improvements are more important to our long-term profitability and valuation than short-term cost management. We continue to experience improved demand for our
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News
- CreditRiskMonitor Announces Appointment of Jennifer Gerold as Chief Financial Officer and David Reiner as Chief Accounting Officer [Yahoo! Finance]Yahoo! Finance
- CreditRiskMonitor Announces Appointment of Jennifer Gerold as Chief Financial Officer and David Reiner as Chief Accounting OfficerAccesswire
- CreditRiskMonitor Announces First Quarter ResultsAccesswire
CRMZ
Sec Filings
- 6/6/24 - Form DEF
- 5/30/24 - Form 8-K
- 5/30/24 - Form 3
- CRMZ's page on the SEC website