See more : Sugentech Inc. (253840.KQ) Income Statement Analysis – Financial Results
Complete financial analysis of SilverSun Technologies, Inc. (SSNT) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of SilverSun Technologies, Inc., a leading company in the Software – Application industry within the Technology sector.
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SilverSun Technologies, Inc. (SSNT)
About SilverSun Technologies, Inc.
SilverSun Technologies, Inc. operates as a business application, technology, and consulting company in the United States. The company provides solutions for accounting and business management, financial reporting, managed services, enterprise resource planning, human capital management, warehouse management systems, customer relationship management, and business intelligence. It also offers value-added services that focuses on consulting and professional services, specialized programming, training, and technical support. In addition, the company provides managed, cybersecurity, business continuity, disaster recovery, data back-up, network maintenance and service upgrades, and application hosting services. It serves small and medium-sized businesses primarily in the manufacturing, distribution, and service industries. The company was formerly known as Trey Resources, Inc. and changed its name to SilverSun Technologies, Inc. in June 2011. SilverSun Technologies, Inc. was founded in 1988 and is headquartered in East Hanover, New Jersey.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 54.52M | 44.99M | 41.70M | 41.22M | 38.50M | 41.00M | 34.85M | 34.12M | 27.64M | 21.46M | 17.40M | 13.18M | 10.52M | 7.49M | 7.41M | 7.72M | 7.38M | 6.59M | 4.18M | 1.70M | 1.35K |
| Cost of Revenue | 33.73M | 27.02M | 24.49M | 24.64M | 23.82M | 24.08M | 20.99M | 21.39M | 16.80M | 12.89M | 10.65M | 7.84M | 6.02M | 4.61M | 4.37M | 4.99M | 4.81M | 4.10M | 2.72M | 1.00M | 18.44K |
| Gross Profit | 20.79M | 17.96M | 17.21M | 16.58M | 14.68M | 16.92M | 13.87M | 12.73M | 10.84M | 8.57M | 6.75M | 5.33M | 4.50M | 2.87M | 3.04M | 2.73M | 2.57M | 2.48M | 1.46M | 698.64K | -17.09K |
| Gross Profit Ratio | 38.13% | 39.93% | 41.26% | 40.22% | 38.12% | 41.27% | 39.78% | 37.30% | 39.23% | 39.94% | 38.79% | 40.47% | 42.74% | 38.37% | 41.05% | 35.37% | 34.77% | 37.72% | 34.82% | 41.02% | -1,265.56% |
| Research & Development | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 156.98K | 0.00 | 0.00 | 0.00 | 572.00 |
| General & Administrative | 10.26M | 9.65M | 9.84M | 8.28M | 8.79M | 9.05M | 7.46M | 6.42M | 5.70M | 4.41M | 2.95M | 4.01M | 2.30M | 2.18M | 1.89M | 1.80M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Selling & Marketing | 8.85M | 7.75M | 6.72M | 7.37M | 6.84M | 6.75M | 4.85M | 4.36M | 4.30M | 3.33M | 3.24M | 2.30M | 1.84M | 1.55M | 1.22M | 1.21M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| SG&A | 19.11M | 17.40M | 16.56M | 15.65M | 15.63M | 15.80M | 12.31M | 10.78M | 10.00M | 7.74M | 6.19M | 6.31M | 4.14M | 3.73M | 3.10M | 3.01M | 3.11M | 3.33M | 2.91M | 2.65M | 358.81K |
| Other Expenses | 0.00 | 948.97K | 875.57K | 705.93K | 720.04K | 703.09K | 620.30K | 10.00K | 134.00K | 364.57K | 301.96K | 195.56K | 97.01K | 82.88K | 191.00K | 302.03K | 305.52K | 882.98K | 409.88K | 15.92K | 455.00 |
| Operating Expenses | 19.11M | 18.35M | 17.44M | 16.36M | 16.35M | 16.51M | 12.93M | 11.46M | 10.49M | 8.10M | 6.49M | 6.51M | 4.24M | 3.81M | 3.30M | 3.31M | 3.57M | 4.22M | 3.32M | 2.67M | 359.84K |
| Cost & Expenses | 52.84M | 45.37M | 41.93M | 41.00M | 40.17M | 40.59M | 33.91M | 32.85M | 27.28M | 20.99M | 17.14M | 14.36M | 10.26M | 8.42M | 7.67M | 8.30M | 8.39M | 8.32M | 6.04M | 3.67M | 378.28K |
| Interest Income | 0.00 | 89.02K | 46.80K | 13.62K | 39.81K | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest Expense | 55.67K | 89.02K | 46.80K | 13.62K | 0.00 | 41.68K | 31.70K | 64.68K | 57.48K | 59.75K | 56.06K | 76.67K | 142.11K | 114.47K | 186.57K | 205.59K | 226.04K | 208.20K | 130.21K | 165.65K | 6.68K |
| Depreciation & Amortization | 1.13M | 1.76M | 1.39M | 1.14M | 1.17M | 703.09K | 620.30K | 684.66K | 485.09K | 364.57K | 301.96K | 195.56K | 97.01K | 82.88K | 191.00K | 296.41K | 1.28M | -813.62K | 374.87K | 180.17K | 18.46K |
| EBITDA | 2.50M | 1.37M | 1.16M | 1.36M | -738.00K | 815.19K | 1.56M | 1.96M | 976.88K | 835.22K | 560.57K | -980.87K | 2.66M | -854.24K | -61.12K | -275.66K | -321.63K | -465.88K | -1.04M | -1.53M | -344.47K |
| EBITDA Ratio | 5.14% | 3.05% | 2.79% | 3.30% | -1.30% | 2.72% | 4.47% | 5.75% | 3.53% | 3.89% | 3.22% | -7.44% | 3.39% | -11.41% | -0.82% | -3.57% | -4.36% | -7.07% | -24.83% | -89.82% | -25,516.30% |
| Operating Income | 1.67M | -385.38K | -230.99K | 223.39K | -1.67M | 412.76K | 939.26K | 1.27M | 357.79K | 470.65K | 258.60K | -1.18M | 260.07K | -937.12K | -252.12K | -577.69K | -1.01M | -1.73M | -1.86M | -1.97M | -376.93K |
| Operating Income Ratio | 3.07% | -0.86% | -0.55% | 0.54% | -4.34% | 1.01% | 2.69% | 3.71% | 1.29% | 2.19% | 1.49% | -8.93% | 2.47% | -12.52% | -3.40% | -7.48% | -13.66% | -26.29% | -44.57% | -115.52% | -27,920.37% |
| Total Other Income/Expenses | -3.04M | -89.02K | 274.56K | -347.00 | -367.67K | -41.68K | -31.70K | -54.68K | 76.52K | -59.75K | -56.06K | -58.74K | 2.45M | 468.20K | -1.25M | -908.71K | -606.45K | -590.46K | -450.26K | -423.15K | -20.68K |
| Income Before Tax | -1.37M | -474.40K | 43.57K | 223.04K | -1.92M | 371.08K | 907.56K | 1.21M | 434.31K | 410.90K | 202.55K | -1.24M | 2.71M | -568.51K | -1.50M | -1.49M | -1.61M | -2.32M | -2.31M | -2.39M | -397.61K |
| Income Before Tax Ratio | -2.51% | -1.05% | 0.10% | 0.54% | -4.99% | 0.91% | 2.60% | 3.55% | 1.57% | 1.91% | 1.16% | -9.37% | 25.75% | -7.59% | -20.26% | -19.24% | -21.88% | -35.25% | -55.34% | -140.36% | -29,452.22% |
| Income Tax Expense | -297.42K | -192.18K | 178.01K | 47.39K | -455.01K | 108.65K | 1.39M | -2.22M | 60.00K | 218.00K | -120.00K | 76.67K | 92.38K | 14.89K | 224.68K | 211.22K | 606.45K | 2.63M | 545.46K | 423.15K | 20.68K |
| Net Income | -1.07M | -282.22K | -134.43K | 175.65K | -1.47M | 262.43K | -486.47K | 3.44M | 374.31K | 192.90K | 322.55K | -1.24M | 2.62M | -468.92K | -1.54M | -1.49M | -1.61M | -2.32M | -2.41M | -2.39M | -397.61K |
| Net Income Ratio | -1.96% | -0.63% | -0.32% | 0.43% | -3.81% | 0.64% | -1.40% | 10.07% | 1.35% | 0.90% | 1.85% | -9.37% | 24.87% | -6.26% | -20.77% | -19.24% | -21.88% | -35.25% | -57.62% | -140.36% | -29,452.22% |
| EPS | -0.20 | -0.05 | -0.03 | 0.04 | -0.33 | 0.06 | -0.11 | 0.78 | 0.09 | 0.05 | 0.08 | -0.32 | 17.40 | -3.89 | -17.81 | -21.21 | -83.21 | -882.06 | -1.93K | -0.53 | -0.09 |
| EPS Diluted | -0.20 | -0.05 | -0.03 | 0.04 | -0.33 | 0.06 | -0.11 | 0.77 | 0.09 | 0.05 | 0.08 | -0.32 | 0.60 | -3.89 | -17.81 | -21.21 | -83.21 | -882.06 | -1.93K | -0.53 | -0.09 |
| Weighted Avg Shares Out | 5.26M | 5.17M | 5.03M | 4.50M | 4.50M | 4.50M | 4.42M | 4.41M | 4.30M | 3.94M | 3.90M | 3.85M | 149.37K | 120.63K | 86.50K | 70.08K | 19.40K | 2.63K | 1.25K | 4.49M | 4.49M |
| Weighted Avg Shares Out (Dil) | 5.26M | 5.17M | 5.03M | 4.50M | 4.50M | 4.50M | 4.49M | 4.47M | 4.32M | 3.94M | 3.90M | 3.85M | 3.53M | 120.63K | 86.50K | 70.08K | 19.40K | 2.63K | 1.25K | 4.49M | 4.49M |
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