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SilverSun Technologies Inc - SSNT STOCK NEWS

Welcome to our dedicated news page for SilverSun Technologies (Ticker: SSNT), a resource for investors and traders seeking the latest updates and insights on SilverSun Technologies.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect SilverSun Technologies's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of SilverSun Technologies's position in the market.

News
SilverSun Stockholders Approve Equity Investment
Rhea-AI Summary
SilverSun Technologies, Inc. (SSNT) announces overwhelming stockholder approval for a $1 billion equity investment agreement with Jacobs Private Equity II, (JPE) and minority co-investors. The transactions are subject to closing conditions and expected to be completed in 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.21%
Tags
none
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News
SilverSun Technologies Reports 2023 Year End Results
Rhea-AI Summary
SilverSun Technologies, Inc. (NASDAQ:SSNT) reports a strong fiscal year 2023 with a 21.2% increase in total revenue, reaching $54,516,941. Gross profit rose by 20.3% to $21,613,809. EBITDA plus share-based compensation surged to $2,716,154, a significant increase from the previous year. Despite a net loss per share of ($0.20) due to expenses from a terminated merger agreement, the company maintains a healthy cash position of $6,143,298 as of December 31, 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-7.21%
Tags
none
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News
SWK Celebrates Its Recognition as a Sage Partner Platinum Club 2023 Winner
Rhea-AI Summary
SWK Technologies, Inc. has been honored with the Sage Platinum Club Award for the second consecutive year for its exceptional sales performance, innovative service delivery, and successful collaboration with Sage. The award recognizes SWK's commitment to delivering innovative solutions and services that support small and medium-sized businesses, reflecting outstanding sales performance and partner engagement. SWK Technologies has also recently completed a merger with JCS Computer Resource Corporation, expanding its resources and expertise within the Sage ecosystem.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.27%
Tags
none
News
SWK Technologies Named to the CRN MSP 500 List
Rhea-AI Summary
SWK Technologies, Inc. has been named to CRN's MSP 500 list in the Pioneer 250 category for 2024, showcasing their commitment to providing top-notch managed services. SWK has received multiple accolades and achievements over the past year, including winning Acumatica's Partner of the Year award and merging with JCS Computer Resource Corporation. The company's focus on cybersecurity, IT infrastructure, business continuity, application hosting, ERP, and advisory services has contributed to their recognition as a leading solution provider.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.06%
Tags
none
-
News
SWK Technologies Named Acumatica 2024 Partner of the Year
Rhea-AI Summary
SWK Technologies, Inc. has been named Acumatica Partner of the Year for 2024, marking the fourth time they have received this award. The Partner of the Year award is a global recognition of the partner with the highest combination of new customer additions, customer satisfaction scores, customer renewals, growth, and revenue contribution to Acumatica. SWK Technologies was also nominated for two Partner Excellence Awards in the Retail and Construction categories. Additionally, two members of SWK's Acumatica consultant team were named Acumatica MVPs at Summit 2024. Several ISV partners of SWK also received Excellence Awards at Summit 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
8.09%
Tags
none
-
News
Brad Jacobs to Lead Equity Investment of $1 Billion in SilverSun Technologies and Pursue Acquisitions in an Industry to be Announced Later
Rhea-AI Summary
SilverSun Technologies, Inc. (Nasdaq:SSNT) is set to become a platform for Jacobs' new venture after spinning off its existing business. Jacobs Private Equity II, LLC, along with minority co-investors, will invest $1 billion in cash into SilverSun, with JPE becoming the majority stockholder and Jacobs taking on the roles of chairman and CEO. The investment agreement also includes the spin-off of the Company's existing business to SilverSun stockholders, with the remaining company set to become a standalone platform for significant acquisitions in an industry to be announced soon.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
240.33%
Tags
acquisition
News
SilverSun Technologies Acquires JCS Computer Resource Corporation
Rhea-AI Summary
SilverSun Technologies, Inc. (NASDAQ:SSNT) has announced the acquisition of JCS Computer Resource Corporation, a leading Illinois-based reseller of Sage Software solutions, by its subsidiary SWK Technologies, Inc. This acquisition expands SWK's geographic footprint and customer base, adding over 350 Sage 100 customers. Mark Meller, CEO of both SilverSun and SWK, expressed excitement about the opportunity to assist JCS customers with their digital transformation. Jennifer O'Brien, President of JCS, highlighted the alignment of corporate cultures and the exceptional skill set of SWK's team, anticipating mutual benefits for clients.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.9%
Tags
acquisition
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News
CORRECTION BY SOURCE: Silversun Technologies Reports Third Quarter 2023 Results
Rhea-AI Summary
SilverSun Technologies, Inc. (NASDAQ:SSNT) announced its third quarter results, reporting a 23.0% increase in total revenue compared to the same period last year. The company also highlighted a 14.8% increase in software revenues and a 25.3% increase in service revenues for the quarter. For the nine months ended September 30, 2023, total revenues rose 22.2% to $39,808,263 from $32,579,076. The company reported a net loss of $2,110,178 for the quarter and $1,489,326 for the nine months, attributing the loss to a terminated merger agreement. SilverSun's Chairman and CEO, Mark Meller, expressed optimism about the company's performance, emphasizing strong revenue growth and improved operating margins.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.36%
Tags
earnings
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News
SilverSun Technologies Reports Third Quarter 2023 Results
Rhea-AI Summary
SilverSun Technologies, Inc. (NASDAQ:SSNT) announced its third quarter results for the three and nine months ended September 30, 2023. Total revenue increased by 23.0% to $13,423,254 compared to the same period in 2022. Software revenues rose by 14.8% to $2,850,462, while service revenues decreased by 25.3% to $10,572,792. The company incurred a non-operating expense of $2,986,107 related to a terminated merger agreement with Rhodium Enterprises, resulting in a net loss of $2,110,178. For the nine months ended September 30, 2023, total revenues increased by 22.2% to $39,808,263, with software revenues rising by 20.3% to $9,470,811. Service revenues decreased by 22.8% to $30,337,452. The company had $6,879,520 in cash and cash equivalents, $2,694,969 in accounts receivable, long term debt of $652,733, and total stockholders' equity of $7,053,379.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.36%
Tags
earnings
News
SWK Technologies and eCommerce Software Trio Launch Educational Series
Rhea-AI Summary
SWK Technologies has launched a multi-part eCommerce educational series in partnership with three online-sales solutions providers. The series aims to help small and mid-sized companies build online storefronts and grow digital sales. The three-month-long learning initiative will explore how a dynamic technology stack optimizes online sales and delivers an unparalleled online customer journey. The series will include topics such as integrating eCommerce with accounting and ERP software, assessing eCommerce and tax compliance solutions, and sales and marketing best practices for storefronts. The series will provide easy-to-read infographics, product tours, white papers, research and analysis, and live webcasts with Q&A sessions. The timing of the series is perfect for businesses preparing for the holiday season.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.54%
Tags
none
Stock SSNT logo
SilverSun Technologies Inc

Nasdaq:SSNT

SSNT Rankings

#4486 Ranked by Market Cap
#3765 Ranked by Stock Gains
N/A Ranked by Dividends

SSNT Stock Data

67.45M
1.41M
38.98%
23.96%
5.98%
Data Processing, Hosting, and Related Services
Information
Link
United States
East Hanover

About SSNT

silversun technologies, inc. operates as a business application, technology, and consulting company. the company resells enterprise resource planning software for the financial accounting requirements, as well as offers training, technical support, and professional services. it also resells warehouse management system software, which controls the movement and storage of materials; and customer relationship management, human capital management, and business intelligence products. 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 that sell services and products to various end users, manufacturers, wholesalers, and distributors in the united states. 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