SilverSun Technologies, Inc. (OTCBB: SSNT) (OTC: SSNT) said total revenues rose 26% to USD 4,374,951 in the third quarter of 2013 from USD 3,468,354 in the prior year´s third quarter.
Due primarily to higher selling expense, loss from operations totaled USD 62,084, down from income from operations of USD 119,212. Notwithstanding non-cash expenses of USD 97,807 related to share-based compensation, depreciation and amortization, income from operations for the three months ended September 30, 2013 totaled USD 35,723, which compared to income from operations of USD 186,240 notwithstanding non-cash expenses of USD 67,028 for share-based compensation, depreciation and amortization.
Net loss was USD 82,219, or USD 0.00 loss per basic and diluted share, a decrease from net income of USD 102,808, or USD 0.00 earnings per basic and diluted share.
Headquartered in Livingston, New Jersey, SilverSun Technologies is involved in the acquisition and build-out of technology and software companies engaged in providing best of breed management applications and professional consulting services to small and medium size businesses (SMBs) in the manufacturing, distribution and service industries. For more information, visit www.silversuntech.com, www.swktech.com or www.mapadoc.com.