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CreditRiskMonitor announced preliminary results of operation for twelve months ended Dec. 31, 2021. Revenue grew to approximately $17 million and Operating Income grew to approximately $2 million plus.

It's anyone's guess as to whether or not the Chinese government will step in and bail out property developer China Evergrande Group, but CreditRiskMonitor subscribers should never think a leveraged-to-the-max company like this is immune from potential bankruptcy.

CreditRiskMonitor reported that operating revenues increased approximately $286,000, or 7%, for the three months ended Sept. 30, 2021, compared to the third quarter of fiscal 2020.

CreditRiskMonitor’s loan forgiveness was processed by the SBA (Small Business Administration) and our PPP (Payroll Protection Program) loan has been fully forgiven. This loan is now considered paid in full by SBA.

CreditRiskMonitor reported that revenues for the quarter ended June 30, 2021, increased to $4.25 million up 10.3% from $3.85 million in 2020.

No other financial risk service drills deeper than CreditRiskMonitor to find bankruptcy potential in major corporations. These days, we have our eye on Houston-based oil company KLX Energy Services Holdings, Inc.

CreditRiskMonitor reported that revenues for the quarter ended March 31, 2021 increased to $4.13 million, up 11% from $3.71 million in 2020.

CreditRiskMonitor reported that revenues for the year ended Dec. 31, 2020 increased to $15.7 million, up 8% from $14.5 million in 2019.

CreditRiskMonitor delivers a highly accurate gauge on U.S. public company bankruptcy risk. In 2020, out of 85 occurrences of bankruptcy, our proprietary FRISK® score only missed predicting two bankruptcies. That amounts to a 97% rate of success during that time.