See more : Emmerson Resources Limited (EMMRF) 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 |
SilverSun Technologies Announces Cash Dividend
EAST HANOVER, NJ / ACCESSWIRE / June 22, 2021 / SilverSun Technologies, Inc. (NASDAQ:SSNT), a national provider of transformational business technology solutions and services, today announced that its Board of Directors has declared a special cash dividend on the Company's...
SilverSun Technologies' Subsidiary Receives Avalara Top Partner Award
SWK Technologies Recognized for Sales Excellence EAST HANOVER, NJ / ACCESSWIRE / June 4, 2021 / SilverSun Technologies, Inc. (NASDAQ:SSNT), a national provider of transformational business technology solutions and services, today announced that its wholly-owned subsidiary, SWK Technologies, Inc., has...
SilverSun Technologies Reports First Quarter 2021 Results
EAST HANOVER, NJ / ACCESSWIRE / May 11, 2021 / SilverSun Technologies, Inc. (NASDAQ:SSNT), a national provider of transformational business technology solutions and services, today announced its first quarter results for the three months ended March 31, 2021. Financial Highlights...
SilverSun Technologies' Subsidiary Named to ChannelE2E Top 100 Vertical Market MSPs: 2021 Edition
Sixth-Annual List Reveals Leading MSPs In Healthcare, Legal, Government, Financial Services & More EAST HANOVER, NJ / ACCESSWIRE / May 3, 2021 / SilverSun Technologies, Inc. (NASDAQ:SSNT), a national provider of transformational business technology solutions and services, today announced that...
SilverSun Technologies Establishes IT Security and Compliance Division
EAST HANOVER, NJ / ACCESSWIRE / April 7, 2021 / 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 established an IT security and compliance...
SilverSun Technologies Signs Letter of Intent to Acquire Human Capital Management Division of PeopleSense
EAST HANOVER, NJ / ACCESSWIRE / March 30, 2021 / 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 signed a letter of...
SSNT Stock Price Increases Over 15% Pre-Market: Why It Happened
The stock price of SilverSun Technologies Inc (NASDAQ: SSNT) has increased by over 15% pre-market. This is why it happened.
SilverSun Technologies Reports 2020 Fourth Quarter and Full Year Financial Results
EAST HANOVER, NJ / ACCESSWIRE / March 25, 2021 / SilverSun Technologies, Inc. (NASDAQ:SSNT), a national provider of transformational business technology solutions and services, today announced its financial and operating results for the fourth quarter and full year ended December...
SSNT Stock: The Deal News That Has Software Play SilverSun Tech Surging Today
SilverSun Tech (SSNT) stock is on the rise Thursday after revealing a letter of intent to acquire CT-Solution for an undisclosed sum. The post SSNT Stock: The Deal News That Has Software Play SilverSun Tech Surging Today appeared first on...
Ault Global Holdings Buys 9.91% Equity Interest in SilverSun Technologies, Inc.
LAS VEGAS--(BUSINESS WIRE)---- $AP #ACECool--Ault Global Holdings Buys 436,255 shares of common stock or 9.91% Equity Interest in SilverSun Technologies Inc (NASDAQ: SSNT) for total of $1,890,026
Source: https://incomestatements.info
Category: Stock Reports