SilverSun Technologies Reports Profitable First Quarter 2019 Results
SilverSun Technologies, Inc. (SSNT)
NASDAQ:AMEX Investor Relations:
ir.silversuntech.co
Company Research
Source: GlobeNewswire
Company Posts Best First Quarter Revenue in Corporate History EAST HANOVER, NJ, May 13, 2019 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- 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, 2019. Financial Highlights for Three Months Ended March 31, 2019 As Compared to Three Months Ended March 31, 2018: Revenues increased to $10,492,758, rising 12.7% from $9,310,074. Software sales increased 6.1% to $1,734,958 from $1,635,061 Services revenues totaled $8,757,800, increasing 14.1% from $7,675,013. Gross profit increased 13.6% to $4,476,892 as compared to $3,940,738. Total recurring revenue (in dollars) is up 27%, and is now 44.4% of total revenue, as compared to 39%. Subscription Revenue totaled $884,917, increasing 205% from $290,113 Earnings before interest, ta
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