Going South Or Moving High: CreditRiskMonitor.Com, Inc. (OTCMKTS: CRMZ)?

CreditRiskMonitor.Com, Inc. (OTCMKTS: CRMZ) closed at $2.75 on June 8. The previous close of this company was $2.70. Over the day, it had been trading within the range of $2.75 – $2.75, well within its yearly average range of $1.45 – $3.60. With a market capitalization of $29.49 million, the average trading volume of this company is 5.41K shares. 

The financial health 

The company recently reported its first-quarter revenues, which came in at $4.13 million, an increase of 11% from the previously reported $3.71 million in Q1-2020. There has been a 2.5% reduction as far as its operating expenses are concerned. These expenses totaled around $102,600. The reduction is attributed to the company’s revised methods of previously implemented accruing commissions. Additionally, the company has also reported around $243,000 of pre-tax income, while in Q1-2020, there has been a pre-tax loss of about $264,200. 

What’s next?

The company is continuously reinvesting in the service with employee retention, additional data acquisition, and new product development in place. CRMZ is also focused on increasing the value proposition of its services. There has been an increased focus on staff expansion so as to ensure that the financial risk is analyzed and monitored from time to time. 

Additionally, the company is inclined towards a new supply chain while also expanding its private company coverage. There is an increased opportunity for growth in both the aforementioned segments. Infrastructure systems and their streamlining seem to be another area of interest where the company is looking for investment.  There has been a vision from the company CEO to scale up business operations in the future. 

The approach and plans seem streamlined with what the company expects ahead in the foreseeable future. This financial information web publisher can power through in the future if things are done with the correct alignment and equilibrium. 

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