SilverSun Technologies, Inc. (OTCBB: SSNT) (OTC: SSNT) said it has announced its financial and operating results for the fiscal year ended December 31, 2013.
Total revenues climbed 32 percent to USD17.40m from USD13.18m in 2012. Earnings before interest, taxes, depreciation and amortization (EBITDA) were USD560,566, compared to a loss of USD1,371,992 in 2012.
Net income increased to USD322,548, compared to a net loss of USD1,235,170 in 2012.
As of December 31, 2013, cash and accounts receivable, net of allowance for bad debts, totaled USD2.34m; credit available under the company´s USD750,000 bank line totaled USD750,000; and the company had only USD153,141 in long term liabilities.
For more detailed information about SilverSun´s 2013 financial results, refer to the company´s Form 10-K filed with the US Securities and Exchange Commission.
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.