Quarterly Report
Filed: 2026-05-12
Key Insights
- Revenue grew modestly to $4.99M in Q1 2026 from $4.87M in Q1 2025 (2.4% increase), but operating margin turned negative at -1.9% compared to +0.5% prior year, indicating rising cost pressures are outpacing revenue growth.
- The company maintains a strong balance sheet with $5.7M cash and $12.7M in held-to-maturity securities, providing financial stability, though total assets declined from $26.2M to $25.1M quarter-over-quarter.
- Net income declined 63% to $58K from $159K year-over-year despite higher revenue, driven by increased data and product costs (up 10% YoY) which grew faster than revenue, signaling margin compression concerns.
- As a smaller reporting company trading OTC with 10.8M shares outstanding, CRMZ has limited liquidity and analyst coverage; the remote-only operational model with no headquarters may indicate cost-efficiency but raises governance considerations.