Exhibit 99.1
 
NEWS RELEASE
CONTACT:
CreditRiskMonitor.com, Inc.
Jerry Flum, CEO
(845) 230-3030
ir@creditriskmonitor.com

FOR IMMEDIATE RELEASE

CreditRiskMonitor 2016 Operating Results

VALLEY COTTAGE, NY—March 20, 2017—CreditRiskMonitor (OTCQX: CRMZ) reported that revenues for the year ended December 31, 2016 increased 3% to $12.81 million compared to fiscal 2015. Net income for fiscal 2016 was approximately $52,400 compared to $513,200 in the prior year. Cash, cash equivalents and marketable securities at the end of 2016 increased to $9.22 million from the 2015 year-end balance of $8.96 million.

Jerry Flum, CEO, said, “2016’s reported earnings were negatively impacted by our decision to increase our investment in new marketing infrastructure and programs. The head of this marketing effort resigned mid-year, and this initiative fell short of our 2016 plans. We have hired a new marketing leader, and expect to see the positive impact of this investment in 2018. We’re still debt-free and our strong balance sheet provides us with financial flexibility to manage our company for long-term results.”
 
CREDITRISKMONITOR.COM, INC.
STATEMENTS OF INCOME
FOR THE YEARS ENDED DECEMBER 31, 2016 AND 2015
 
   
2016
   
2015
 
             
Operating revenues
 
$
12,814,390
   
$
12,486,316
 
                 
Operating expenses:
               
Data and product costs
   
4,944,053
     
4,665,360
 
Selling, general and administrative expenses
   
7,495,742
     
6,685,528
 
Depreciation and amortization
   
200,136
     
218,621
 
                 
Total operating expenses
   
12,639,931
     
11,569,509
 
                 
Income from operations
   
174,459
     
916,807
 
Other income, net
   
27,183
     
2,344
 
                 
Income before income taxes
   
201,642
     
919,151
 
Provision for income taxes
   
(149,199
)
   
(405,965
)
                 
Net income
 
$
52,443
   
$
513,186
 
                 
Net income per share of common stock:
               
Basic
 
$
0.00
   
$
0.05
 
Diluted
 
$
0.00
   
$
0.05
 
 

CREDITRISKMONITOR.COM, INC.
BALANCE SHEETS
DECEMBER 31, 2016 AND 2015


   
2016
   
2015
 
ASSETS
           
Current assets:
           
Cash and cash equivalents
 
$
9,222,343
   
$
8,717,899
 
Marketable securities
   
--
     
245,474
 
Accounts receivable, net of allowance of $30,000
   
2,090,676
     
1,927,428
 
Other current assets
   
487,257
     
555,871
 
                 
Total current assets
   
11,800,276
     
11,446,672
 
                 
Property and equipment, net
   
430,324
     
395,026
 
Goodwill
   
1,954,460
     
1,954,460
 
Other assets
   
23,763
     
33,999
 
                 
Total assets
 
$
14,208,823
   
$
13,830,157
 
                 
                 
LIABILITIES AND STOCKHOLDERS’ EQUITY
               
Current liabilities:
               
Deferred revenue
 
$
8,088,958
   
$
7,436,764
 
Accounts payable
   
96,725
     
78,267
 
Accrued expenses
   
1,282,126
     
1,241,317
 
                 
Total current liabilities
   
9,467,809
     
8,756,348
 
                 
Deferred taxes on income, net
   
762,403
     
759,454
 
Other liabilities
   
12,574
     
4,314
 
                 
Total liabilities
   
10,242,786
     
9,520,116
 
                 
Stockholders’ equity:
               
Preferred stock, $.01 par value; authorized 5,000,000 shares; none issued
   
-
     
-
 
Common stock, $.01 par value; authorized 32,500,000 shares; issued and outstanding 10,722,401 and  10,722,321 shares, respectively
   
107,224
     
107,223
 
Additional paid-in capital
   
29,419,463
     
29,279,791
 
Accumulated deficit
   
(25,560,650
)
   
(25,076,973
)
                 
Total stockholders’ equity
   
3,966,037
     
4,310,041
 
                 
Total liabilities and stockholders’ equity
 
$
14,208,823
   
$
13,830,157
 

About CreditRiskMonitor

CreditRiskMonitor (http://www.crmz.com) is a web-based publisher of financial information that helps corporate credit and procurement professionals stay ahead of business financial risk quickly, accurately and cost effectively. The service offers comprehensive commercial credit reports and financial risk analysis covering public companies worldwide. Unlike other commercial credit bureaus like Dun & Bradstreet, CreditRiskMonitor’s primary expertise and focus is on financial analysis of public debt and equity companies.
 
The Company also collects more than $100 billion of trade receivable data on both public and a select group of private companies every month, to help subscribers determine payment performance.
 

Over 35% of the Fortune 1000 depend on CreditRiskMonitor's timely news alerts and reports featuring detailed analyses of financial statements, ratio analysis and trend reports, peer analyses, bond agency ratings, as well as the company's proprietary FRISK® score.

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.
 
 


The following information was filed by Creditriskmonitor Com Inc (CRMZ) on Monday, March 20, 2017 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

View differences made from one year to another to evaluate Creditriskmonitor Com Inc's financial trajectory

Compare SEC Filings Year-over-Year (YoY) and Quarter-over-Quarter (QoQ)
Sample 10-K Year-over-Year (YoY) Comparison

Compare this 10-K Annual Report to its predecessor by reading our highlights to see what text and tables were  removed  ,   added    and   changed   by Creditriskmonitor Com Inc.

Continue

Never Miss A New SEC Filing Again


Real-Time SEC Filing Notifications
Screenshot taken from Gmail for a new 10-K Annual Report
Last10K.com Member Feature

Receive an e-mail as soon as a company files an Annual Report, Quarterly Report or has new 8-K corporate news.

Continue

We Highlighted This SEC Filing For You


SEC Filing Sentiment Analysis - Bullish, Bearish, Neutral
Screenshot taken from Wynn's 2018 10-K Annual Report
Last10K.com Member Feature

Read positive and negative remarks made by management in their entirety without having to find them in a 10-K/Q.

Continue

Widen Your SEC Filing Reading Experience


Increased Reading Area for SEC Filings
Screenshot taken from Adobe Inc.'s 10-Q Quarterly Report
Last10K.com Member Feature

Remove data columns and navigations in order to see much more filing content and tables in one view

Continue

Uncover Actionable Information Inside SEC Filings


SEC Filing Disclosures
Screenshot taken from Lumber Liquidators 10-K Annual Report
Last10K.com Member Feature

Read both hidden opportunities and early signs of potential problems without having to find them in a 10-K/Q

Continue

Adobe PDF, Microsoft Word and Excel Downloads


Download Annual and Quarterly Reports as PDF, Word and Excel Documents
Screenshots of actual 10-K and 10-Q SEC Filings in PDF, Word and Excel formats
Last10K.com Member Feature

Export Annual and Quarterly Reports to Adobe PDF, Microsoft Word and Excel for offline viewing, annotations and analysis

Continue

FREE Financial Statements


Download Annual and Quarterly Reports as PDF, Word and Excel Documents
Screenshot of actual balance sheet from company 10-K Annual Report
Last10K.com Member Feature

Get one-click access to balance sheets, income, operations and cash flow statements without having to find them in Annual and Quarterly Reports

Continue for FREE

Intrinsic Value Calculator


Intrinsic Value Calculator
Screenshot of intrinsic value for AT&T (2019)
Last10K.com Member Feature

Our Intrinsic Value calculator estimates what an entire company is worth using up to 10 years of financial ratios to determine if a stock is overvalued or not

Continue

Financial Stability Report


Financial Stability Report
Screenshot of financial stability report for Coco-Cola (2019)
Last10K.com Member Feature

Our Financial Stability reports uses up to 10 years of financial ratios to determine the health of a company's EPS, Dividends, Book Value, Return on Equity, Current Ratio and Debt-to-Equity

Continue

Get a Better Picture of a Company's Performance


Financial Ratios
Available Financial Ratios
Last10K.com Member Feature

See how over 70 Growth, Profitability and Financial Ratios perform over 10 Years

Continue

Log in with your credentials

or    

Forgot your details?

Create Account