CreditRiskMonitor Announces 2012 Operating Results

CreditRiskMonitor Announces 2012 Operating Results 
VALLEY COTTAGE, NY -- (Marketwire) -- 03/14/13 --  CreditRiskMonitor
(OTCQX: CRMZ) reported that for the year ended December 31, 2012
revenues increased 9% to $11.06 million compared to fiscal 2011,
while income from operations was $0.97 million versus $1.21 million
in the prior year. Cash, cash equivalents and marketable securities
at the end of 2012 decreased $0.14 million, after the payment of a
cash dividend of $1.59 million in the fourth quarter of 2012, to
$8.15 million from the 2011 year-end balance of $8.28 million. 
Jerry Flum, CEO, said, "Our profits are down despite growing sales as
the Company continues to invest in an enhanced infrastructure and
additional content, which is in addition to strengthening our sales
and customer service staffs. These strategic investments adversely
impact our short-term results, but we strongly believe they will
enhance our long-term prospects. We continue to be debt-free and our
strong balance sheet provides us with financial flexibility to manage
our company to achieve our long-term goals." 


 
                                                                            
                                                                            
                        CREDITRISKMONITOR.COM, INC.                         
                            STATEMENTS OF INCOME                            
               FOR THE YEARS ENDED DECEMBER 31, 2012 AND 2011               
                                                                            
                                                     2012          2011     
                                                 ------------  ------------ 
                                                                            
Operating revenues                               $ 11,062,619  $ 10,154,200 
                                                                            
Operating expenses:                                                         
  Data and product costs                            3,731,218     3,310,779 
  Selling, general and administrative expenses      6,206,917     5,468,802 
  Depreciation and amortization                       150,069       162,482 
                                               
  ------------  ------------ 
                                                                            
    Total operating expenses                       10,088,204     8,942,063 
                                                 ------------  ------------ 
                                                                            
Income from operations                                974,415     1,212,137 
Other income, net                                      21,945        98,592 
                                                 ------------  ------------ 
                                                                            
Income before income taxes                            996,360     1,310,729 
Provision for income taxes                           (466,543)     (402,140)
                                                 ------------  ------------ 
                                                                            
Net income                                       $    529,817  $    908,589 
                                                 ============  ============ 
                                                                            
Net income per share of common stock:                                       
                                                                            
  Basic                                          $       0.07  $       0.11 
                                                 ============  ============ 
                                                                            
  Diluted                                        $       0.06  $       0.11 
                                                 ============  ============ 
                                                                            
                                                                            
                                                                            
                        CREDITRISKMONITOR.COM, INC.                         
                               BALANCE SHEETS                               
                         DECEMBER 31, 2012 AND 2011                         
                                                                            
                                                     2012          2011     
                                                 ------------  ------------ 
ASSETS                                                                      
Current assets:                                                             
  Cash and cash equivalents                      $  6,422,458  $  6,531,204 
  Marketable securities                             1,725,633     1,753,072 
  Accounts receivable, net of allowance of                                  
   $30,000                                          1,776,151     1,551,213 
  Other current assets                                548,838       451,143 
                                                 ------------  ------------ 
                                                                            
    Total current assets                           10,473,080    10,286,632 
                                                                            
Property and equipment, net                           260,438       306,810 
Goodwill                                            1,954,460     1,954,460 
Other assets                                           21,970        23,232 
                                                 ------------  ------------ 
                                                                            
    Total assets                                 $ 12,709,948  $ 12,571,134 
                                                 ============  ============ 
                                                                            
LIABILITIES AND STOCKHOLDERS' EQUITY                                        
Current liabilities:                                                        
  Deferred revenue                               $  6,978,797  $  6,471,494 
  Accounts payable                                     44,097        60,941 
  Accrued expenses                                  1,161,498     1,087,163 
                                                 ------------  ------------ 
                                                                            
    Total current liabilities                       8,184,392     7,619,598 
                                                                            
Deferred taxes on income                              591,355       157,385 
Other liabilities                                       5,190         3,714 
                                                 ------------  ------------ 
                                                                            
    Total liabilities                               8,780,937     7,780,697 
                                                 ------------  ------------ 
                                                                            
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                                
   7,946,462 and 7,920,462 shares, respectively        79,464        79,204 
  Additional paid-in capital                       28,795,496    28,597,679 
  Accumulated deficit                             (24,945,949)  (23,886,446)
                                                 ------------  ------------ 
                                                                            
    Total stockholders' equity                      3,929,011     4,790,437 
                                                 ------------  ------------ 
                                                                            
    Total liabilities and stockholders' equity   $ 12,709,948  $ 12,571,134 
                                                 ============  ============ 

 
Overview 
CreditRiskMonitor (http://www.crmz.com) is an Internet-based publisher
of financial risk analysis and news, designed to save time for busy
corporate credit and procurement/supply-chain professionals and
competes with Dun & Bradstreet. The service offers comprehensive
commercial credit reports covering over 40,000 public companies
worldwide. Over 30% of the Fortune 1,000 already use
CreditRiskMonitor's timely news alerts and reports that feature
detailed analyses of financial statements, ratio analysis and trend
reports, peer analyses, as well as the Company's proprietary FRISK(R)
scores. 
Safe Harbor Statement 
Certain statements in this press release, including statements
prefaced by the words "anticipates", "estimates", "believes",
"expects" or words of similar meaning, constitute "forward-looking
statements" within the meaning of the Private Securities Litigation
Reform Act of 1995. Such forward-looking statements involve known and
unknown risks, uncertainties and other factors which may cause the
actual results, performance, expectations or achievements of the
Company to be materially different from any future results,
performance or achievements expressed or implied by such
forward-looking statements, including, among others, those risks,
uncertainties and factors referenced from time to time as "risk
factors" or otherwise in the Company's Registration Statements or
Securities and Exchange Commission Reports. We disclaim any intention
or obligation to revise any forward-looking statements, whether as a
result of new information, a future event, or otherwise.  
CONTACT:
CreditRiskMonitor.com, Inc.
Jerry Flum
CEO
(845) 230-3030 
ir@crmz.com 
 
 
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