CreditRiskMonitor.Com Inc updated financials available

New York, 11/21/2024 (CRMZ News Service) -- The following information has been updated recently:

• Updated financial statements are available for the period ended 9/30/2024.

• The following information was extracted from our full report:

  Third Quarter and Year-to-Date Results
  

  Sales for the 3 months ended 9/30/2024 increased 4.52% to $5.01 million from last year's comparable period amount of $4.79 million. Sales for the 9 months ended 9/30/2024 increased 4.88% to $14.75 million from $14.07 million for the same period last year. Gross profit decreased 1.34% for the period to $2.80 million (55.97% of revenues) from $2.84 million (59.29% of revenues) for the same period last year. Gross profit decreased 1.03% for the year-to-date period to $8.18 million (55.42% of revenues) from $8.26 million (58.72% of revenues) for the comparable 9 month period last year. Selling, general and administrative expenses for the period decreased 7.48% to $2.26 million compared with $2.44 million for the same period last year. Selling, general and administrative expenses for the 9 months ended 9/30/2024 increased 6.31% to $7.50 million from $7.05 million for the same period last year. Operating income for the period increased 46.75% to $449.25 thousand compared with operating income of $306.15 thousand for the same period last year. Operating income for the year-to-date period decreased 57.89% to $387.77 thousand compared with operating income of $920.95 thousand for the equivalent 9 months last year. Net income for the period increased 45.66% to $551.58 thousand compared with net income of $378.68 thousand for the same period last year. Net income for the year-to-date period decreased 26.88% to $808.18 thousand compared with net income of $1.11 million for the equivalent 9 months last year. Net cash from operating activities was $2.21 million for the 9 month period, compared to net cash from operating activities of $1.37 million for last year's comparable period. Working capital at 9/30/2024 of $1.30 million decreased 79.97% from the prior year end's balance of $6.50 million, and decreased 80.38% from $6.63 million at the end of last year's same period. Accounts payable decreased by $69.07 thousand for the year-to-date period, compared to a $149.72 thousand decrease in the prior year's comparable period.

View the full CreditRiskMonitor report on CreditRiskMonitor.Com Inc

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