Thu, Mar 20, 6:02 PM (38 days ago)
**CreditRiskMonitor.com, Inc. (CRMZ) 2024 Financial Summary** **Financial Performance:** - **Revenue:** $19,809,881 (up 5% from $18,931,931 in 2023). - **Net Income:** $1,674,902 (down slightly from $1,695,053 in 2023). - **Earnings per Share (EPS):** $0.16 (basic and diluted). - **Operating Expenses:** $18,560,339 (up from $17,439,835 in 2023). - **Data and Product Costs:** $8,621,851 (up 10%). - **Selling, General, and Administrative Expenses:** $9,536,492 (up 3%). - **Depreciation and Amortization:** $401,996 (up slightly). **Financial Condition:** - **Cash and Cash Equivalents:** $6,674,473 (down from $11,004,937 in 2023). - **Held-to-Maturity Securities:** $11,225,475 (up from $4,194,958 in 2023). - **Working Capital:** $565,000 (down from $6,499,000 in 2023). - **Current Ratio:** 1.04 (down from 1.51 in 2023). - **Quick Ratio:** 0.97 (down from 1.45 in 2023). - **Cash Ratio:** 0.51 (down from 0.86 in 2023). **Strategic Overview:** - **Market Position:** CRMZ is a smaller player in the commercial credit risk analysis market, with a focus on B2B financial risk management. - **Products:** Primary products include CreditRiskMonitor® and SupplyChainMonitor™, which help subscribers manage trade credit risk and supply chain risks. - **Market Share:** CRMZ estimates its operating revenues represent a little over 1% of the Total Addressable Market (TAM). **Future Outlook:** - **Growth Strategy:** CRMZ aims to increase U.S. market share, penetrate international markets, and broaden service offerings. - **Risk Factors:** Dependence on a few large subscribers, cybersecurity risks, and economic downturns. - **Market Position Changes:** CRMZ competes with larger players like Dun & Bradstreet and Experian. **Risk Factors:** - **Cybersecurity:** CRMZ faces increasing threats from cybersecurity risks, which could impact operations and reputation. - **Economic Downturns:** Economic slowdowns could increase corporate credit risk, affecting CRMZ's subscriber base. - **Dependence on Subscribers:** CRMZ is not dependent on a single subscriber, but a loss of a few large subscribers could impact financial condition. **Market Position Changes:** - **Competition:** CRMZ competes with larger players like Dun & Bradstreet and Experian, which have more extensive market reach and resources. - **Market Share:** CRMZ aims to gain market share by increasing brand awareness and providing high-quality, cost-effective financial risk information.