CREDITRISKMONITOR COM INC SEC 10-Q Report

CreditRiskMonitor.com Inc., a leading provider of SaaS subscription products for credit risk management, has released its Form 10-Q report for the second quarter of fiscal 2025. The report highlights the company's financial and operational performance, showcasing growth in revenues and improved profitability, alongside strategic business initiatives aimed at sustaining future growth.

Financial Highlights

Operating Revenues: $5.06 million, increased approximately $126 thousand, or 3%, for the second quarter of fiscal 2025 compared to the same period of fiscal 2024, driven by increased sales to new and existing subscribers and related price increases.

Total Operating Expenses: $4.94 million, decreased slightly compared to the same period of fiscal 2024, reflecting a 2% decrease in Selling, General and Administrative expenses due to lower customer acquisition costs and enhanced marketing efficiency.

Income (Loss) from Operations: $0.12 million, representing a positive shift from a loss of $25,644 in the same period of fiscal 2024, indicating improved operational efficiency.

Net Income: $0.23 million, increased from $0.13 million in the same period of fiscal 2024, reflecting improved profitability.

Net Income Per Share – Basic and Diluted: $0.02, up from $0.01 in the same period of fiscal 2024, indicating enhanced earnings per share.

Business Highlights

Revenue Segments: The company's primary source of revenue is from SaaS subscription products, which saw an increase in sales to new and existing subscribers, as well as related price increases for subscriptions.

Operational Performance: Data and product costs increased due to higher salary and related employee benefits, higher costs of third-party content, and increased hosted facility costs driven by production demands.

Sales and Marketing Efficiency: Selling, general, and administrative expenses decreased due to lower customer acquisition costs and enhanced marketing efficiency through strategic participation in trade shows and media outreach.

Future Operations: The company plans to expand its operations by broadening its product and service offerings and introducing new products. It aims to increase brand awareness, provide outstanding value to subscribers, and achieve economies of scale.

Investment in Growth: The company intends to increase its sales force and customer service staff, and invest in product development, operating infrastructure, marketing, and promotion to sustain revenue growth.

Risk Management: The company shifted its cash management strategy towards longer-duration U.S. Treasury securities in anticipation of a reduction in rates, reflecting prudent risk management.

Future Outlook: The company expects fluctuations in future quarterly operating results due to factors such as subscriber retention, gross margin maintenance, new product development, and competitive pricing.

SEC Filing: CREDITRISKMONITOR COM INC [ CRMZ ] - 10-Q - Aug. 06, 2025