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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 |
Brad Jacobs to Lead Equity Investment of $1 Billion in SilverSun Technologies and Pursue Acquisitions in an Industry to be Announced Later
Jacobs to Become Chairman and Chief Executive Officer Company to Become Platform for Jacobs' New Venture after Spinning Off Existing SilverSun Business GREENWICH, CT and EAST HANOVER, NJ / ACCESSWIRE / December 4, 2023 / SilverSun Technologies, Inc. (Nasdaq:SSNT) ("SilverSun"...
SilverSun Technologies Acquires JCS Computer Resource Corporation
EAST HANOVER, NJ / ACCESSWIRE / November 15, 2023 / SilverSun Technologies, Inc. (NASDAQ:SSNT), a national provider of transformational business software applications and managed IT services, announced today that its wholly-owned subsidiary, SWK Technologies, Inc., has acquired substantially all the...
CORRECTION BY SOURCE: Silversun Technologies Reports Third Quarter 2023 Results
Correcting errors in the financial highlights portion of the Press Release EAST HANOVER, NJ / ACCESSWIRE / November 14, 2023 / SilverSun Technologies, Inc. (NASDAQ:SSNT), a national provider of transformational business technology solutions and services, today announced its third quarter...
SilverSun Technologies Reports Third Quarter 2023 Results
EAST HANOVER, NJ / ACCESSWIRE / November 14, 2023 / SilverSun Technologies, Inc. (NASDAQ:SSNT), a national provider of transformational business technology solutions and services, today announced its third quarter results for the three and nine months ended September 30, 2023....
SWK Technologies and eCommerce Software Trio Launch Educational Series
Industry-leading quartet to teach small and mid-sized companies to build online storefronts and grow digital sales EAST HANOVER, NJ / ACCESSWIRE / September 26, 2023 / SWK Technologies, Inc., a national provider of transformational software and technology integrations, announced it...
Silversun Technologies Reports Second Quarter 2023 Results
Company Declares a $0.20 Per Share Special Dividend EAST HANOVER, NJ / ACCESSWIRE / August 8, 2023 / SilverSun Technologies, Inc. (NASDAQ:SSNT), a national provider of transformational business technology solutions and services, today announced its second quarter results for the...
SSNT Stock: 7 Things to Know About the SilverSun Acquisition That Has Shares Soaring
SWK Technologies, a subsidiary of SilverSun, has plans to acquire Acumatica. Shares of SSNT stock soared 70% in response.
SilverSun Technologies (SSNT) Stock: Why The Price Surged Today
The stock price of SilverSun Technologies Inc (NASDAQ: SSNT) increased by over 30% during intraday trading today. This is why it happened.
SilverSun Technologies Reports Second Quarter 2021 Results
EAST HANOVER, NJ / ACCESSWIRE / August 10, 2021 / SilverSun Technologies, Inc. (NASDAQ:SSNT), a national provider of transformational business technology solutions and services, today announced its second quarter results for the three and six months ended June 30, 2021....
Why SilverSun Technologies Shares Are Surging Today
SilverSun Technologies (NASDAQ:SSNT) shares are trading higher by 18% at $10 after the company announced a cash dividend. The Board of Directors for SilverSun Technologies declared a special cash dividend of 60 cents per share.
Source: https://incomestatements.info
Category: Stock Reports