InvestorsHub Logo

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.

Live Updating
profile icon
stocktrademan Free
09/06/15 2:59 PM
profile icon
Penny Roger$ Free
11/11/12 7:19 AM
profile icon
jumpstart2 Free
11/10/12 9:17 PM
profile icon
Penny Roger$ Free
11/06/12 6:43 AM
profile icon
Penny Roger$ Free
11/02/12 9:49 AM
profile icon
Peasodos Free
08/10/12 7:21 PM
profile icon
Penny Roger$ Free
08/08/11 5:14 PM

Creditriskmonitor.Com (CRMZ) RSS Feed

Followers
0
Posters
4
Posts (Today)
0
Posts (Total)
9
Created
03/16/10
Type
Free
Moderators

CreditRiskMonitor...

(http://www.crmz.com) is an Internet-based publisher of financial information, designed to save time for busy corporate credit professionals that competes with Dun & Bradstreet, Equifax and Experian. Not a cheap stock but the concept and excecution are worth a high multible..

Creditriskmonitor.com Inc.
704 Executive Boulevard
Suite A
Valley Cottage, NY 10989
United States - Map
Phone: 845-230-3000
Fax: 845-267-4110
Web Site: http://www.creditriskmonitor.com

DETAILS  
Index Membership: N/A
Sector: Technology
Industry: Internet Service Providers
Full Time Employees: 50

BUSINESS SUMMARY  
CreditRiskMonitor.com, Inc. operates as an Internet-based publisher of financial information in the United States. The company provides interactive business-to-business Internet-based services primarily for corporate credit professionals. Its services comprise publishing commercial credit reports, including detailed financial statements, ratio analysis and trend reports, peer analyses, default scores, company background information, and Moody?s Investors Service (Moody?s) and Standard & Poor?s (S&P) ratings. The company also provides trade payment data and public filings, such as suits, liens, judgments, and bankruptcy information. In addition, it offers news monitoring service that keeps subscribers up to date on events affecting the creditworthiness of companies, such as financial statement updates, SEC filings, Moody?s and S&P rating changes, credit-relevant news stories, and press releases. Further, the company provides interactive service for credit managers to manage recommended credit line limits for their customers, in light of changes in the companies? financial strength. Additionally, it operates as a re-distributor of international credit reports. The company was founded in 1977 and is based in Valley Cottage, New York.

 

 

CREDITRISKMONITOR.COM, INC.
STATEMENTS OF INCOME
FOR THE YEARS ENDED DECEMBER 31, 2009 AND 2008

 
   
2009
   
2008
 
             
             
Operating revenues
  $ 7,848,010     $ 5,872,996  
                 
Operating expenses:
               
Data and product costs
    2,118,316       1,753,338  
Selling, general and administrative expenses
    4,813,064       3,795,232  
Depreciation and amortization
    103,909       81,531  
                 
Total operating expenses
    7,035,289       5,630,101  
                 
Income from operations
    812,721       242,895  
Other income, net
    13,893       133,048  
                 
Income before income taxes
    826,614       375,943  
Benefit (provision) for state and local income taxes
    908,960       (4,117 )
                 
Net income
  $ 1,735,574     $ 371,826  
                 
                 
Net income per share of common stock:
               
                 
Basic
  $ 0.22     $ 0.05  
                 
Diluted
  $ 0.21     $ 0.05  

 

CREDITRISKMONITOR.COM, INC.
BALANCE SHEETS
DECEMBER 31, 2009 AND 2008

 

 
   
2009
   
2008
 
             
ASSETS
           
Current assets:
           
Cash and cash equivalents
  $ 4,679,466     $ 912,591  
Marketable securities
    -       2,958,996  
Accounts receivable, net of allowance of $30,000
    1,370,523       1,146,066  
Other current assets
    253,857       237,883  
                 
Total current assets
    6,303,846       5,255,536  
                 
Property and equipment, net
    261,591       213,142  
Goodwill
    1,954,460       1,954,460  
Deferred taxes on income
    913,503       -  
Other assets
    23,116       28,109  
                 
Total assets
  $ 9,456,516     $ 7,451,247  
                 
                 
LIABILITIES AND STOCKHOLDERS’ EQUITY
               
Current liabilities:
               
Deferred revenue
  $ 5,321,116     $ 4,394,803  
Accounts payable
    42,614       52,758  
Accrued expenses
    698,832       610,748  
                 
Total current liabilities
    6,062,562       5,058,309  
                 
Other liabilities
    -       3,424  
                 
Total liabilities
    6,062,562       5,061,733  
                 
Stockholders’ equity:
               
Preferred stock, $.01 par value; authorized 5,000,000 shares; none issued
    --       --  
Common stock, $.01 par value; authorized 25,000,000 shares; issued and outstanding 7,849,462 shares
    78,494       78,494  
Additional paid-in capital
    28,333,094       28,279,268  
Accumulated deficit
    (25,017,634 )     (25,968,248 )
                 
Total stockholders’ equity
    3,393,954       2,389,514  
Total liabilities and stockholders’ equity
  $ 9,456,516     $ 7,451,247  

 

RECENT EVENTS  
 
Date Event
10-Mar-10 CREDITRISKMONITOR COM INC Files SEC form 8-K, Results of Operations and Financial Condition, Financial Statements and
9-Dec-09 CREDITRISKMONITOR COM INC Files SEC form 8-K, Other Events, Financial Statements and Exhibits
12-Nov-09 CREDITRISKMONITOR COM INC Files SEC form 10-Q, Quarterly Report
3-Nov-09 CREDITRISKMONITOR COM INC Files SEC form 8-K, Results of Operations and Financial Condition, Financial Statements and
7-Aug-09 CREDITRISKMONITOR COM INC Files SEC form 10-Q, Quarterly Report
15-May-09 CREDITRISKMONITOR COM INC Files SEC form 10-Q, Quarterly Report
30-Apr-09 CREDITRISKMONITOR COM INC Files SEC form 8-K, Results of Operations and Financial Condition, Financial Statements and
23-Mar-09 CREDITRISKMONITOR COM INC Files SEC form 10-K, Annual Report
17-Mar-09 CREDITRISKMONITOR COM INC Files SEC form 8-K, Results of Operations and Financial Condition, Financial Statements and
Volume:
Day Range:
Last Trade Time:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
New Post