Welcome to our dedicated page for Creditriskmonitr news (Ticker: CRMZ), a resource for investors and traders seeking the latest updates and insights on Creditriskmonitr stock.
CreditRiskMonitor (CRMZ) delivers essential financial risk intelligence through SaaS solutions used by credit professionals and Fortune 1000 enterprises. This news hub provides centralized access to official updates about the company’s innovations in commercial credit analysis and predictive risk modeling.
Discover timely information on earnings announcements, product enhancements like the FRISK® Score updates, and strategic partnerships shaping the financial analytics sector. The curated collection serves as a reliable resource for tracking developments in bankruptcy prediction models, supply chain risk tools, and data-driven decision platforms.
Key updates include advancements in CRMZ’s AI-powered SupplyChainMonitor™, executive leadership changes, and regulatory compliance milestones. Professionals gain insights into how the company addresses evolving challenges in global credit markets through its subscription-based solutions.
Bookmark this page for streamlined access to CRMZ’s latest developments. Combine these updates with the company’s established expertise in financial analytics to inform your risk management strategies.
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.
