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CreditRiskMonitor.com, Inc. (CRMZ) is a specialized provider of financial risk analytics and commercial credit reporting, offering a suite of web-based, Software-as-a-Service (SaaS) subscription products designed for corporate credit, supply chain, and finance professionals. The company delivers comprehensive solutions that help businesses proactively manage financial risks, including bankruptcy risks, counterparty assessments, and supply chain disruptions. With a focus on actionable insights and predictive analytics, CreditRiskMonitor empowers organizations to make informed decisions in mitigating financial exposure.
Core Offerings and Proprietary Tools
CreditRiskMonitor's product suite includes detailed commercial credit reports, bankruptcy risk scores, and curated financial news on over 57,000 public companies and numerous private entities. At the heart of its offerings is the proprietary FRISK® score, a predictive bankruptcy risk model proven 96% effective in identifying companies at risk of financial distress. Additionally, the PAYCE® score provides insights into payment behavior trends, while the company's Confidential Financial Statements Solution streamlines private company risk assessments by delivering standardized financial spreads and risk scores without manual data entry.
The company's newest platform, SupplyChainMonitor™, extends its expertise into supply chain risk management. This tool enables users to assess counterparty risks across various dimensions, such as geography and industry, and provides real-time mapping capabilities with natural disaster overlays. These features are particularly valuable for procurement, sourcing, and supply chain professionals seeking to monitor and mitigate risks within their supplier networks.
Business Model and Revenue Streams
CreditRiskMonitor operates on a subscription-based SaaS model, generating recurring revenue from a diverse customer base that includes nearly 40% of the Fortune 1000 and over a thousand other large corporations worldwide. Subscribers benefit from timely alerts, peer analysis, financial ratios, and curated news, all accessible via intuitive web-based platforms. The company's innovative pricing models, such as consumption-based credits for its Confidential Financial Statements Solution, further enhance its value proposition by aligning costs with usage.
Market Position and Competitive Edge
As a key player in the B2B financial risk analytics market, CreditRiskMonitor stands out for its proprietary scoring methodologies, extensive data coverage, and customer-centric solutions. Unlike generic credit reporting services, the company's tools are tailored to the specific needs of corporate credit and supply chain professionals, offering deeper insights and higher predictive accuracy. Its Trade Contributor Program, which processes approximately $3 trillion in transaction data annually, adds a unique layer of granularity to its analytics. Additionally, the integration of AI and machine learning into its operations enhances both the accuracy of its analytics and the efficiency of its services.
Customer Base and Industry Impact
CreditRiskMonitor serves a wide range of industries, from manufacturing and retail to financial services and logistics. Its tools are indispensable for organizations aiming to stay ahead of financial risks, particularly in an era of increasing corporate bankruptcies and geopolitical uncertainties. By providing timely, actionable data, the company plays a critical role in helping businesses navigate complex financial landscapes, ensuring continuity and resilience in their operations.
Why CreditRiskMonitor Matters
In today's volatile economic environment, the ability to anticipate and manage financial risks is more crucial than ever. CreditRiskMonitor's comprehensive analytics, proprietary scores, and innovative platforms make it a trusted partner for businesses worldwide. Whether it's assessing the bankruptcy risk of a key supplier or monitoring the financial health of a potential customer, CreditRiskMonitor equips professionals with the tools they need to make data-driven decisions with confidence.
CreditRiskMonitor (OTCQX:CRMZ) reported operating revenues of $18 million for the year ended December 31, 2022, marking a 5% increase from 2021. However, pre-tax operating income decreased to approximately $1.75 million, down from $3.9 million the year before, largely due to increased expenses linked to inflation. Net income also fell to $1.4 million from $3.4 million. The company launched several new products in 2022, including the SupplyChainMonitor, and anticipates continued growth amid economic challenges in 2023, emphasizing the need to monitor counterparty risks.
CreditRiskMonitor (OTCQX:CRMZ) reported operating revenues of $4.55 million for Q3 2022, marking a 5% increase from the previous year. The pre-tax income stood at approximately $627 thousand, with a profit margin of 14%, down from 16% in Q3 2021. Increased expenses driven by inflation impacted profitability. Notable developments include the launch of the PAYCE® score, enhancing bankruptcy analytics coverage to over 330,000 businesses, and the early traction of the SupplyChainMonitor™ platform, responding to rising financial risk amid interest rate hikes.
CreditRiskMonitor (OTCQX:CRMZ) reported operating revenues of $4.34 million for Q1 2022, a 5% increase from the previous year. However, pre-tax income fell by $47 thousand to approximately $196 thousand, primarily due to rising employee-related expenses driven by inflation. President Mike Flum indicated that the current economic pressures could lead to increased bankruptcies, yet the company aims to enhance its offerings, including the upcoming launch of SupplyChainMonitor™ and expanding private company coverage under the PAYCE® score.
CreditRiskMonitor (OTCQX:CRMZ) has launched SupplyChainMonitor, a new platform at the ISM World 2022 event on May 23. This service aims to enhance procurement and supply chain risk management amid increasing global challenges such as the pandemic and inflation. With nearly 250 large corporations already utilizing CreditRiskMonitor, the new platform offers tools for monitoring supplier risks, providing insights from almost 30 million businesses and predictive analytics. Early adopters can benefit from discount incentives for the first 25 subscriptions.
CreditRiskMonitor (OTCQX:CRMZ) reported a significant increase in operating revenues for 2021, reaching approximately $17 million, an 8.5% rise from $15.7 million in 2020. The company achieved a pre-tax operating income of about $2.3 million compared to a loss of $238 thousand in the previous year. Notably, it recognized $1.6 million in non-taxable income from a forgiven PPP loan, leading to a net income of approximately $3.4 million.
Future growth initiatives include the launch of SupplyChainMonitor and expansion of private company data coverage.
CreditRiskMonitor (OTCQX:CRMZ) reported preliminary operational results for the year ending December 31, 2021, indicating revenue growth to approximately $17 million and an operating income exceeding $2 million. The company's Board has approved a $1 million share repurchase program to enhance shareholder value and confidence in its financial position. These buybacks will occur at the company's discretion based on market conditions and regulatory guidelines. The figures are pending final audit, with the company emphasizing its strategic commitment to investing in its stock.
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