CreditRiskMonitor Announces Third Quarter Results [Yahoo! Finance]
CREDITRISKMONITOR.COM INC (CRMZ)
NASDAQ:AMEX Investor Relations:
creditriskmonitor.com/investors
Company Research
Source: Yahoo! Finance
increase of approximately $217 thousand or 5%, for the third quarter of fiscal 2024 compared to the same period of fiscal 2023. The Company reported pre-tax income of approximately $716 thousand, an increase of approximately $222 thousand, for the third quarter of fiscal 2024 compared to the same period of fiscal 2023. The increase in pre-tax profitability was primarily driven by decreased salary and related expenses, lower customer acquisition costs, and an increase in interest income. Mike Flum, CEO, said, "We continue our optimization initiatives to achieve higher efficiency for our teams. While our operating results have improved quarter over quarter, we still expect lower profitability in the short-to-medium term as we increase spending for data, technology, and employee upskilling. We expect these investments will support higher revenue growth and higher profitability in the long term. Our Confidential Financial Statements Solution continues to receive positive feedback from
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