CreditRiskMonitor Announces Second Quarter Results [Yahoo! Finance]
CREDITRISKMONITOR.COM INC (CRMZ)
NASDAQ:AMEX Investor Relations:
creditriskmonitor.com/investors
Company Research
Source: Yahoo! Finance
of approximately $251 thousand or 5%, for the second quarter of fiscal 2024 compared to the same period of fiscal 2023. The Company reported pre-tax income of approximately $170 thousand, a decrease of approximately $423 thousand, for the second 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, new technology development, and third-party content due to inflation. Mike Flum, CEO, said, "Our reduced operating income for the second quarter of 2024 reflects the continuation of our increased investment strategy in new data, technology development, marketing, and employee upskilling to support larger revenue growth as stated in our first quarter press release. We are still committed to staying profitable while pursuing this goal and expect these operational improvements to support our long-term profitability and valuation in time.
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Sec Filings
- 8/12/24 - Form 10-Q
- 8/8/24 - Form SC
- CRMZ's page on the SEC website