SilverSun Technologies, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 14, 2023 at 09:01 am EST
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SilverSun Technologies, Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported revenue was USD 13.42 million compared to USD 10.92 million a year ago. Net loss was USD 2.11 million compared to USD 0.134237 million a year ago. Basic loss per share from continuing operations was USD 0.4 compared to USD 0.03 a year ago. Diluted loss per share from continuing operations was USD 0.4 compared to USD 0.03 a year ago.
For the nine months, revenue was USD 39.81 million compared to USD 32.58 million a year ago. Net loss was USD 1.49 million compared to USD 0.262659 million a year ago. Basic loss per share from continuing operations was USD 0.28 compared to USD 0.05 a year ago. Diluted loss per share from continuing operations was USD 0.28 compared to USD 0.05 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. 
