SilverSun Technologies, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 08, 2023 at 04:16 pm EDT
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SilverSun Technologies, Inc. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported revenue was USD 13.26 million compared to USD 10.64 million a year ago. Net income was USD 0.343361 million compared to net loss of USD 0.087766 million a year ago. Basic earnings per share from continuing operations was USD 0.07 compared to basic loss per share from continuing operations of USD 0.02 a year ago. Diluted earnings per share from continuing operations was USD 0.07 compared to diluted loss per share from continuing operations of USD 0.02 a year ago.
For the six months, revenue was USD 26.39 million compared to USD 21.66 million a year ago. Net income was USD 0.620852 million compared to net loss of USD 0.128422 million a year ago. Basic earnings per share from continuing operations was USD 0.12 compared to basic loss per share from continuing operations of USD 0.03 a year ago. Diluted earnings per share from continuing operations was USD 0.12 compared to diluted loss per share from continuing operations of USD 0.03 a year ago.
SilverSun Technologies, Inc. is engaged in transformational business management applications and technologies and professional consulting services to small and medium-sized companies, primarily in the manufacturing, distribution and service industries. Its core business includes Enterprise Resource Management (ERP) and Accounting Software, Value-Added Services for ERP and Network and Managed Services. It is a value-added reseller for a number of ERP applications. It provides a comprehensive information technology (IT) network and managed services designed to eliminate the IT concerns of its customers. It develops and resell a variety of add-on solutions to all its ERP and accounting packages that help customize the installation to customersâ needs and streamline their operations. Its business continuity services provide automatic on-site and off-site backups, complete encryption, and automatic failure testing. It provides application hosting, IT consulting and managed network services.
SILVERSUN TECHNOLOGIES, INC. 
