CreditRiskMonitor Reports 2011 Revenue Growth of 9%

Posted by Joachim Bartels | Feb 25, 2012 | Credit Information, CreditRiskMonitor, United States | 0 |

CreditRiskMonitor (Symbol: CRMZ) announced that for the year ended December 31, 2011 revenues increased 9% to $10.15 million compared to fiscal 2010, while income from operations was $1.21 million versus $1.68 million last year. CreditRiskMonitor’s CEO Flum contributes revenue growth to continuing investment in sales and service staff, new data for subscribers and enhanced infrastructure. Nevertheless the higher growth did not contribute to profitability – operating income declined by 27%.

Source: Istockanalyst.com

About The Author

Joachim Bartels

Joachim C Bartels is a co-founder, director, head of information resources and Editor-in-Chief of BIIA. In his capacity as Editor-in-Chief he is responsible for the selection of relevant information content concerning industry insights, trends, technological developments, standards and policies impacting BIIA members in particular and the business information industry in general.

The BIIA library is approaching 10,000 news items and best demonstrated practices. BIIA members receive regular news alerts on key developments in the industry and the regulatory environment. The BIIA readership is widespread: between 4 to 5 thousand unique visitors access BIIA.com per month.