SilverSun Technologies
SilverSun Technologies, Inc. operates as a business application, technology, and consulting company. The last earnings update was 126 days ago. More info.
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- SilverSun Technologies has significant price volatility in the past 3 months.
SSNT Share Price and Events
7 Day Returns
1 Year Returns
SSNT Shareholder Return
| 7 Day | 30 Day | 90 Day | 1 Year | 3 Year | 5 Year | |
|---|---|---|---|---|---|---|
| SilverSun Technologies (SSNT) | -16.3% | -11.3% | 40% | -18.2% | 75% | 5% |
| US Software | 3.1% | 4.3% | 18.3% | 22.2% | 107.3% | 134.4% |
| US Market | 2.4% | 1.7% | 11.9% | 1.9% | 38.2% | 42.4% |
1 Year Return vs Industry and Market
- SSNT underperformed the Software industry which returned 22.2% over the past year.
- SSNT underperformed the Market in United States of America which returned 1.9% over the past year.
Value
Value is all about what a company is worth versus what price it is
available for. If you went into a grocery store and all the bananas were on sale
at half price, they could be considered
undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current
share
price of
SilverSun Technologies
to its discounted cash flow analysis.value.The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Below are the data sources, inputs and calculation used to determine the intrinsic value for SilverSun Technologies.
| Data Point | Source | Value |
|---|---|---|
| Valuation Model | 2 Stage Free Cash Flow to Equity | |
| Levered Free Cash Flow | Extrapolated from most recent financials. | See below |
| Discount Rate (Cost of Equity) | See below | 9.7% |
| Perpetual Growth Rate | 10-Year US Government Bond Rate | 2.7% |
An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.
| Data Point | Calculation/ Source | Result |
|---|---|---|
| Risk-Free Rate | 10-Year US Govt Bond Rate | 2.7% |
| Equity Risk Premium | S&P Global | 6% |
| Software Unlevered Beta | Simply Wall St/ S&P Global | 1.14 |
| Re-levered Beta | = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.139 (1 + (1- 21%) (12.99%)) |
1.171 |
| Levered Beta | Levered Beta limited to 0.8 to 2.0 (practical range for a stable firm) |
1.17 |
| Discount Rate/ Cost of Equity |
= Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.171 * 5.96%) |
9.71% |
Discounted Cash Flow Calculation for NasdaqCM:SSNT using 2 Stage Free Cash Flow to Equity Model
The calculations below outline how an intrinsic value for SilverSun Technologies is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.
| Levered FCF (USD, Millions) | Source |
Present Value Discounted (@ 9.71%) |
|
|---|---|---|---|
| 2019 | 1.33 | Est @ 3.66% | 1.22 |
| 2020 | 1.38 | Est @ 3.38% | 1.15 |
| 2021 | 1.42 | Est @ 3.19% | 1.08 |
| 2022 | 1.47 | Est @ 3.05% | 1.01 |
| 2023 | 1.51 | Est @ 2.95% | 0.95 |
| 2024 | 1.55 | Est @ 2.89% | 0.89 |
| 2025 | 1.60 | Est @ 2.84% | 0.83 |
| 2026 | 1.64 | Est @ 2.81% | 0.78 |
| 2027 | 1.69 | Est @ 2.78% | 0.73 |
| 2028 | 1.73 | Est @ 2.77% | 0.69 |
| Present value of next 10 years cash flows | $9.33 | ||
| Calculation | Result | |
|---|---|---|
| Terminal Value |
= FCF2028
× (1 + g) ÷ (Discount Rate – g)
= $1.73 × (1 + 2.73%) ÷ (9.71% – 2.73%) |
$25.52 |
| Present Value of Terminal Value |
= Terminal Value ÷ (1 + r)10
= $25.52 ÷ (1 + 9.71%)10 |
$10.10 |
| Calculation | Result | |
|---|---|---|
| Total Equity Value |
= Present value of next 10 years cash flows +
Terminal Value
= $9.33 + $10.10 |
$19.43 |
| Equity Value per Share (USD) |
= Total value / Shares Outstanding
= $19.43 / 4.50 |
$4.32 |
| Calculation | Result | |
|---|---|---|
| Value per share (USD) | From above. | $4.32 |
| Current discount | Discount to share price of
$3.15
= -1 x ($3.15 - $4.32) / $4.32 |
27% |
Learn more about our DCF calculations in Simply Wall St’s analysis model .
Current Discount
Current Discount Checks
- SilverSun Technologies's share price is below the future cash flow value, and at a moderate discount (> 20%).
- SilverSun Technologies's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for
it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing
when they are out of season, or how much your home is worth.The amount the stock market is willing to pay for SilverSun Technologies's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are
SilverSun Technologies's earnings available for a low price, and how does
this compare to other companies in the same industry?
| Data Point | Source | Value |
|---|---|---|
| Earnings Per Share * | Company Filings (2018-09-30) in USD | $-0.19 |
| NasdaqCM:SSNT Share Price ** | NasdaqCM (2019-03-18) in USD | $3.15 |
| United States of America Software Industry PE Ratio | Median Figure of 84 Publicly-Listed Software Companies | 52.96x |
| United States of America Market PE Ratio | Median Figure of 3,055 Publicly-Listed Companies | 17.61x |
* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.
** Primary Listing of SilverSun Technologies.
| Calculation | Outcome | |
|---|---|---|
| PE Ratio | = NasdaqCM:SSNT Share Price ÷ EPS (both in USD) = 3.15 ÷ -0.19 |
-17.02x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- SilverSun Technologies is loss making, we can't compare its value to the US Software industry average.
- SilverSun Technologies is loss making, we can't compare the value of its earnings to the United States of America market.
Price based on expected Growth
Does
SilverSun Technologies's expected growth come at a high price?
| Data Point | Source | Value |
|---|---|---|
| PE Ratio | See PE Ratio Section | -17.02x |
| Net Income Annual Growth Rate | See Future Growth Section. Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts |
40%per year |
| United States of America Software Industry PEG Ratio | Median Figure of 66 Publicly-Listed Software Companies | 3.54x |
| United States of America Market PEG Ratio | Median Figure of 2,109 Publicly-Listed Companies | 1.48x |
*Line of best fit is calculated by linear regression .
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Unable to calculate PEG ratio for SilverSun Technologies, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on
SilverSun Technologies's
assets?
| Data Point | Source | Value |
|---|---|---|
| Book Value per Share | Company Filings (2018-09-30) in USD | $1.01 |
| NasdaqCM:SSNT Share Price * | NasdaqCM (2019-03-18) in USD | $3.15 |
| United States of America Software Industry PB Ratio | Median Figure of 220 Publicly-Listed Software Companies | 5.71x |
| United States of America Market PB Ratio | Median Figure of 5,152 Publicly-Listed Companies | 1.87x |
| Calculation | Outcome | |
|---|---|---|
| PB Ratio | = NasdaqCM:SSNT Share Price ÷ Book Value per Share (both in USD) = 3.15 ÷ 1.01 |
3.12x |
* Primary Listing of SilverSun Technologies.
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- SilverSun Technologies is good value based on assets compared to the US Software industry average.
Value checks
We assess SilverSun Technologies's value by looking at:- Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
- Is the PE ratio less than the market average, and/ or less than the Software industry average (and greater than 0)? (2 checks)
- Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
- Is the PB ratio less than the Software industry average (and greater than 0)? (1 check) SilverSun Technologies has a total score of 2/6, see the detailed checks below.
Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.
Full details on the Value part of the Simply Wall St company analysis model.
Future Performance
- No analysts cover SilverSun Technologies, future earnings growth has been estimated based on fundamentals.
The future performance of a company is measured in the same way as past
performance, by looking at estimated
growth
and how much profit it is expected to make.Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Earnings growth vs Low Risk Savings
- SilverSun Technologies's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
- SilverSun Technologies's earnings growth is expected to exceed the United States of America market average.
- Unable to compare SilverSun Technologies's revenue growth to the United States of America market average as no estimate data is available.
Annual Growth Rates Comparison
| Data Point | Source | Value (per year) |
|---|---|---|
| NasdaqCM:SSNT Future Earnings Growth Rate | Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts | 40% |
| United States of America Software Industry Earnings Growth Rate | Market Cap Weighted Average | 16.1% |
| United States of America Software Industry Revenue Growth Rate | Market Cap Weighted Average | 10.8% |
| United States of America Market Earnings Growth Rate | Market Cap Weighted Average | 14.3% |
| United States of America Market Revenue Growth Rate | Market Cap Weighted Average | 7.1% |
*Line of best fit is calculated by linear regression .
Industry and Market average data is calculated daily.
Learn more about our growth rate calculations in Simply Wall St’s analysis model.
Analysts growth expectations
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (5 months ago) | See Below |
| Future Estimates | Average of up to 0 Analyst Estimates (S&P Global) | See Below |
| Date (Data in USD Millions) | Revenue | Cash Flow | Net Income * |
|---|---|---|---|
| 2018-09-30 | 39 | 2 | -1 |
| 2018-06-30 | 37 | 1 | -1 |
| 2018-03-31 | 36 | 2 | -1 |
| 2017-12-31 | 35 | 2 | 0 |
| 2017-09-30 | 34 | 1 | 1 |
| 2017-06-30 | 34 | 2 | 3 |
| 2017-03-31 | 34 | 2 | 4 |
| 2016-12-31 | 34 | 2 | 3 |
| 2016-09-30 | 34 | 2 | 3 |
| 2016-06-30 | 32 | 0 | 0 |
| 2016-03-31 | 29 | 0 | 0 |
| 2015-12-31 | 28 | 0 | 0 |
*GAAP earnings excluding extraordinary items.
Past and Future Earnings per Share
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (5 months ago) | See Below |
| Future Estimates | Average of up to 0 Analyst Estimates (S&P Global) | See Below |
All data from SilverSun Technologies Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in USD Millions) | EPS * |
|---|---|
| 2018-09-30 | -0.19 |
| 2018-06-30 | -0.15 |
| 2018-03-31 | -0.13 |
| 2017-12-31 | -0.11 |
| 2017-09-30 | 0.15 |
| 2017-06-30 | 0.69 |
| 2017-03-31 | 0.79 |
| 2016-12-31 | 0.78 |
| 2016-09-30 | 0.72 |
| 2016-06-30 | 0.10 |
| 2016-03-31 | -0.02 |
| 2015-12-31 | 0.09 |
*GAAP earnings excluding extraordinary items.
Performance in 3 years
In the same way as past performance we look at the future estimated return
(profit) compared to the available
funds. We do this looking forward 3 years.
- Unable to establish if SilverSun Technologies will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
Future performance checks
We assess SilverSun Technologies's future performance by looking at:- Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
- Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
- Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
- Is the annual earnings growth rate expected to be above 20%? (1 check)
- Is the annual revenue growth rate expected to be above 20%? (1 check)
- Is the Return on Equity in 3 years expected to be over 20%? (1 check)
SilverSun Technologies has a total score of 3/6, see the detailed checks below.
Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.
Full details on the Future part of the Simply Wall St company analysis model.
Past Performance
How has SilverSun Technologies performed over the past 5 years?
The past performance of a company can be measured by how much
growth
it has experienced and how much profit it makes relative to the funds and assets
it has available.
Past earnings growth
Past Earnings growth analysis
- SilverSun Technologies does not make a profit even though their year on year earnings growth rate was positive over the past 5 years.
- Unable to compare SilverSun Technologies's 1-year earnings growth to the 5-year average as it is not currently profitable.
- Unable to compare SilverSun Technologies's 1-year growth to the US Software industry average as it is not currently profitable.
Earnings and Revenue History
All data from SilverSun Technologies Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in USD Millions) | Revenue | Net Income * | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 2018-09-30 | 39.03 | -0.83 | 14.76 | |
| 2018-06-30 | 37.33 | -0.69 | 13.84 | |
| 2018-03-31 | 36.16 | -0.58 | 13.09 | |
| 2017-12-31 | 34.85 | -0.49 | 12.31 | |
| 2017-09-30 | 34.34 | 0.66 | 11.67 | |
| 2017-06-30 | 34.29 | 3.09 | 11.46 | |
| 2017-03-31 | 34.34 | 3.52 | 11.09 | |
| 2016-12-31 | 34.12 | 3.44 | 10.78 | |
| 2016-09-30 | 33.91 | 3.16 | 11.18 | |
| 2016-06-30 | 31.57 | 0.43 | 10.97 | |
| 2016-03-31 | 28.94 | -0.07 | 10.49 | |
| 2015-12-31 | 27.64 | 0.37 | 10.00 | |
| 2015-09-30 | 24.81 | 0.35 | 8.91 | |
| 2015-06-30 | 23.70 | 0.58 | 8.22 | |
| 2015-03-31 | 23.02 | 0.59 | 8.04 | |
| 2014-12-31 | 21.46 | 0.19 | 7.74 | |
| 2014-09-30 | 21.38 | 0.66 | 7.52 | |
| 2014-06-30 | 19.66 | 0.33 | 7.15 | |
| 2014-03-31 | 18.28 | 0.33 | 6.59 | |
| 2013-12-31 | 17.40 | 0.32 | 6.19 | |
| 2013-09-30 | 16.02 | -0.20 | 6.14 | |
| 2013-06-30 | 15.11 | -0.02 | 5.72 | |
| 2013-03-31 | 14.31 | -0.41 | 5.85 | |
| 2012-12-31 | 13.18 | -1.24 | 6.27 | |
| 2012-09-30 | 12.15 | -1.03 | 5.81 | |
| 2012-06-30 | 11.05 | -1.16 | 5.58 | |
| 2012-03-31 | 10.67 | 1.47 | 5.05 |
*GAAP earnings excluding extraordinary items.
Performance last year
We want to ensure a company is making the most of what it has available. This is
done by comparing the return (profit) to a company's available
funds,
assets
and
capital.
- It is difficult to establish if SilverSun Technologies has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
- It is difficult to establish if SilverSun Technologies has efficiently used its assets last year compared to the US Software industry average (Return on Assets) as it is loss-making.
- It is difficult to establish if SilverSun Technologies improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
Past performance checks
We assess SilverSun Technologies's performance over the past 5 years by checking for:- Has earnings increased in past 5 years? (1 check)
- Has the earnings growth in the last year exceeded that of the Software industry? (1 check)
- Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
- Is the Return on Equity (ROE) higher than 20%? (1 check)
- Is the Return on Assets (ROA) above industry average? (1 check)
- Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
SilverSun Technologies has a total score of 0/6, see the detailed checks below.
Note: We use GAAP Net Income excluding extraordinary items in all our calculations.
Full details on the Past part of the Simply Wall St company analysis model.
Health
How is SilverSun Technologies's financial health and their level of debt?
A company's financial position is much like your own financial position,
it includes everything you own
(assets)
and owe
(liabilities).The boxes below represent the relative size of what makes up SilverSun Technologies's finances.
The net worth of a company is the difference between its assets and liabilities.
- SilverSun Technologies's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
- SilverSun Technologies's cash and other short term assets cover its long term commitments.
Balance sheet
Assets
Liabilities and shares
- Low level of unsold assets.
- Debt is covered by short term assets, assets are 2.6x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t
bad,
however if the debt is too high, or the company can’t afford to pay the interest
on its debts this may have impacts in the future.The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.
If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
All data from SilverSun Technologies Company Filings, last reported 5 months ago.
| Date (Data in USD Millions) | Total Equity | Total Debt | Cash & Short Term Investments |
|---|---|---|---|
| 2018-09-30 | 4.54 | 1.84 | 1.81 |
| 2018-06-30 | 4.36 | 1.99 | 1.15 |
| 2018-03-31 | 4.34 | 0.51 | 1.81 |
| 2017-12-31 | 4.23 | 0.65 | 2.24 |
| 2017-09-30 | 5.48 | 0.69 | 1.66 |
| 2017-06-30 | 5.15 | 0.79 | 1.54 |
| 2017-03-31 | 5.11 | 0.85 | 1.36 |
| 2016-12-31 | 4.97 | 0.95 | 1.62 |
| 2016-09-30 | 4.69 | 1.26 | 1.71 |
| 2016-06-30 | 1.94 | 1.34 | 0.67 |
| 2016-03-31 | 1.38 | 1.38 | 0.67 |
| 2015-12-31 | 1.56 | 1.48 | 1.19 |
| 2015-09-30 | 1.75 | 1.14 | 1.14 |
| 2015-06-30 | 1.47 | 0.60 | 2.06 |
| 2015-03-31 | 1.38 | 0.64 | 2.38 |
| 2014-12-31 | 0.01 | 0.55 | 1.31 |
| 2014-09-30 | 0.24 | 0.55 | 1.45 |
| 2014-06-30 | -0.12 | 0.64 | 0.94 |
| 2014-03-31 | -0.23 | 0.35 | 1.11 |
| 2013-12-31 | -0.40 | 0.40 | 0.76 |
| 2013-09-30 | -0.63 | 0.44 | 0.94 |
| 2013-06-30 | -0.60 | 0.13 | 0.06 |
| 2013-03-31 | -0.67 | 0.11 | 0.26 |
| 2012-12-31 | -0.81 | 0.29 | 0.00 |
| 2012-09-30 | -0.57 | 0.50 | 0.10 |
| 2012-06-30 | -0.76 | 0.67 | 0.18 |
| 2012-03-31 | -0.84 | 0.08 | 0.10 |
- SilverSun Technologies's level of debt (40.5%) compared to net worth is high (greater than 40%).
- SilverSun Technologies had negative shareholder equity 5 years ago, it is now positive therefore their debt level has improved.
- Debt is well covered by operating cash flow (104.6%, greater than 20% of total debt).
- SilverSun Technologies is making a loss, therefore interest payments are not well covered by earnings.
Financial health checks
We assess SilverSun Technologies's financial health by checking for:- Are short term assets greater than short term liabilities? (1 check)
- Are short term assets greater than long term liabilities? (1 check)
- Has the debt to equity ratio increased in the past 5 years? (1 check)
- Is the debt to equity ratio over 40%? (1 check)
- Is the debt covered by operating cash flow? (1 check)
- Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check) SilverSun Technologies has a total score of 3/6, see the detailed checks below.
- Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
- Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
Full details on the Health part of the Simply Wall St company analysis model.
Dividends
What is SilverSun Technologies's current dividend yield, its reliability and sustainability?
Dividends are regular cash payments to you from the company, similar to a
bank paying you interest on a savings account.
Annual Dividend Income
If you bought
$2,000 of
SilverSun Technologies
shares you are expected to receive
$32
in your first year as a dividend.
Dividend Amount
- SilverSun Technologies's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.45%).
- SilverSun Technologies's dividend is below the markets top 25% of dividend payers in United States of America (3.64%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not
wildly increasing/decreasing each year. This graph shows you the historical rate
to count toward your assessment of the stock.We also check to see if the dividend has increased in the past 10 years.
| Data Point | Source | Value |
|---|---|---|
| Past Annualized Dividend Yield | S&P Global Market Data | See Below |
| Past Dividends per Share | Company Filings/ Annualized Dividend Payments | See Below |
| Future Dividends per Share Estimates | Average of up to 0 Analyst Estimates (S&P Global) | See Below |
| United States of America Software Industry Average Dividend Yield | Market Cap Weighted Average of 24 Stocks | 1.6% |
| United States of America Market Average Dividend Yield | Market Cap Weighted Average of 2004 Stocks | 2.5% |
| United States of America Minimum Threshold Dividend Yield | 10th Percentile | 0.8% |
| United States of America Bottom 25% Dividend Yield | 25th Percentile | 1.4% |
| United States of America Top 25% Dividend Yield | 75th Percentile | 3.6% |
Industry and Market average data is calculated daily.
Note all dividend per share amounts are annualized and not quarterly or other period.
| Date (Data in $) | Dividend per share (annual) | Avg. Yield (%) |
|---|---|---|
| 2018-12-26 | 0.050 | 1.782 |
| 2017-11-15 | 0.080 | 2.152 |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- It is too early to tell whether SilverSun Technologies has stable dividend payments.
- SilverSun Technologies only just started paying a dividend, it is too early to tell if payments are increasing.
Income/ dividend checks
We assess SilverSun Technologies's dividend by checking for:- Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
- Is current dividend yield above the bottom 25% of dividend payers? (1 check)
- Is current dividend yield above the top 25% of dividend payers? (1 check)
- Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
- If they have paid a dividend for 10 years has it increased in this time? (1 check)
- How sustainable is the dividend, can SilverSun Technologies afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks) SilverSun Technologies has a total score of 1/6, see the detailed checks below.
Full details on the Dividends part of the Simply Wall St company analysis model.
Management
CEO
| COMPENSATION | $640,862 |
| AGE | 58 |
| TENURE AS CEO | 14.5 years |
CEO Bio
Mr. Mark Meller has been the Chief Executive Officer of SWK Technologies, Inc. since May 27, 2016. Mr. Meller has been the Chief Executive Officer of SilverSun Technologies, Inc. since September 1, 2004 and has been its Chairman since May 10, 2009. Mr. Meller has been the Chief Executive Officer and President of Thomas Pharmaceuticals, Ltd. since May 22, 2008 and has been its Chief Financial Officer and Principal Accounting Officer since May 2008. Mr. Meller has been the Chief Executive Officer, President and Chief Financial Officer of MM2 Group, Inc. since October 19, 2005 and serves as its Principal Accounting Officer. He has been the President of SilverSun Technologies, Inc. since September 15, 2003 and served as its Principal Accounting Officer. He has been actively engaged in the acquisition and build-out mid-market companies for over 20 years. He is a Registered Principal of Bristol Investment Group Inc. He served as the Chief Financial Officer at SilverSun Technologies, Inc. from September 15, 2003 to January 29, 2015. Mr. Meller served as the Chief Executive Officer of Bristol Townsend & Co., Inc. from 1988 to 2003. Mr. Meller served as the Chief Executive Officer, President and Chief Financial Officer of Deep Field Technologies Inc. from October 1, 2004 to February 2007 and served as its Principal Accounting Officer. Mr. Meller served as President, Chief Executive Officer and Chief Financial Officer of Ivoice Technology Inc. from August 26, 2005 to August 31, 2006 and served as its Principal Accounting Officer. Mr. Meller served as President, Chief Executive Officer and Chief Financial Officer of Wien Group Inc. since October 19, 2005. From 1986 to 1988, he served as Vice President of Corporate Finance and General Counsel of Crown Capital Group Inc. Prior to 1986, Mr. Meller served as Financial Consultant and Practiced law in New York City. Mr. Meller served as Chief Executive Officer, President and Chief Financial Officer of Trey Resources since September 2003. He was a certified public Accountant with Ernst & Young. He served as Controller at Grow Group, Inc. since 1981 and served as its Chief Financial Officer since 1987. He served as Senior Associate at Beacon Consulting Associates and served as its Vice President since 1999. He served as Chief Executive Officer, President and Chief Financial Officer of B Green Innovations, Inc. from August 26, 2005 to August 29, 2006 and served as its Principal Accounting Officer. He has been the Chairman of Thomas Pharmaceuticals Ltd. since September 2008 and SilverSun Technologies Inc. since May 10, 2009. He has been a Director of M2 Group, Inc. since October 19, 2005, SilverSun Technologies, Inc. since September 15, 2003, Trey Resources Inc. (formerly Trey Industries Inc.) since September 2003 and Thomas Pharmaceuticals Ltd. since May 22, 2008. He served as a Director of SpeechSwitch Inc. from February 2008 to October 2008. He served as a Director of Wien Group Inc. since October 19, 2005. iVoice Technology Inc. since 2005, B Green Innovations, Inc. since 2005 and Deep Field Technologies Inc. from August 3, 2004 to February 2007. He served as a Director of Kenergy Scientific, Inc. from February 2008 to October 2008. He is a Member of the New York State Bar. He holds a BBA degree from Baruch College of the City University of New York and is a Certified Public Accountant in New York State. He graduated from SUNY-Binghamton with a BA in Economics/Political Science and received his J.D. from the Boston University School of law.
CEO Compensation
- Mark's compensation has increased whilst company is loss making.
- Mark's remuneration is higher than average for companies of similar size in United States of America.
Management Team
Mark Meller
Chairman
$641K
58
14.5 yrs
Christine Dye
Chief Financial Officer
0.1 yrs
Gary Berman
Executive Vice President of SWK Technologies
Board of Directors Tenure
Average tenure and age of the SilverSun Technologies board of directors in years:
- The tenure for the SilverSun Technologies board of directors is about average.
Board of Directors
Mark Meller
Chairman
$641K
58
9.8 yrs
Joseph Macaluso
Independent Director
$18K
66
4.2 yrs
John Schachtel
Independent Director
$33K
57
2 yrs
Stanley Wunderlich
Independent Director
$12K
67
8.2 yrs
Who owns this company?
Recent Insider Trading
- SilverSun Technologies insiders have only sold shares in the past 3 months, but not in substantial volumes.
Recent Insider Transactions
| Announced | Type | Name | Entity | Role | Start | End | Shares | Max Price ($) | Value ($) | |
|---|---|---|---|---|---|---|---|---|---|---|
| 19. Feb 19 | Sell | Stanley Wunderlich | Individual | 14. Feb 19 | 14. Feb 19 | -1,741 | $3.45 | $-6,006 | ||
| 10. Dec 18 | Sell | Stanley Wunderlich | Individual | 06. Dec 18 | 06. Dec 18 | -1,500 | $2.80 | $-4,200 | ||
| 23. Oct 18 | Sell | Stanley Wunderlich | Individual | 22. Oct 18 | 22. Oct 18 | -1,100 | $3.61 | $-3,971 | ||
| 16. Oct 18 | Sell | Stanley Wunderlich | Individual | 12. Oct 18 | 12. Oct 18 | -1,100 | $3.60 | $-3,960 | ||
| 29. Aug 18 | Sell | Jeffrey Roth | Individual | 23. Aug 18 | 23. Aug 18 | -8,938 | $3.48 | $-31,148 | ||
| 29. Aug 18 | Sell | Jeffrey Roth | Individual | 21. Aug 18 | 21. Aug 18 | -100 | $3.40 | $-340 | ||
| 16. Aug 18 | Sell | Jeffrey Roth | Individual | 09. Aug 18 | 09. Aug 18 | -962 | $3.85 | $-3,707 | ||
| 03. Aug 18 | Sell | Jeffrey Roth | Individual | 26. Jul 18 | 31. Jul 18 | -13,800 | $3.85 | $-52,335 | ||
| 18. Jul 18 | Sell | Jeffrey Roth | Individual | 12. Jul 18 | 17. Jul 18 | -11,200 | $3.78 | $-42,049 | ||
| 11. Jul 18 | Sell | Jeffrey Roth | Individual | 03. Jul 18 | 05. Jul 18 | -10,000 | $4.00 | $-40,008 | ||
Management checks
We assess SilverSun Technologies's management by checking for:- Is the CEO's compensation unreasonable compared to market cap? (1 check)
- Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
- Is the average tenure of the management team less than 2 years? (1 check)
- Is the average tenure of the board of directors team less than 3 years? (1 check) SilverSun Technologies has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.
Note: We use the top 6 management executives and board members in our calculations.
Note 2: Insider trading include any internal stakeholders and these transactions .
Full details on the Management part of the Simply Wall St company analysis model.
News
Simply Wall St News
SilverSun Technologies, Inc. (NASDAQ:SSNT): Time For A Financial Health Check
Investors are always looking for growth in small-cap stocks like SilverSun Technologies, Inc. … However, an important fact which most ignore is: how financially healthy is the business? … the current state of its operations and pathway to profitability.
Simply Wall St - – Full articleIf You Had Bought SilverSun Technologies Stock Three Years Ago, You Could Pocket A 105% Gain Today
During the three years of share price growth, SilverSun Technologies actually saw its earnings per share (EPS) drop 37% per year. … It may well be that SilverSun Technologies revenue growth rate of 11% over three years has convinced shareholders to believe in a brighter future. … In that case, the company may be sacrificing current earnings per share to drive growth, and maybe shareholder's faith in better days ahead will be rewarded
Simply Wall St - – Full articleDo Insiders Own Lots Of Shares In SilverSun Technologies, Inc. (NASDAQ:SSNT)?
A look at the shareholders of SilverSun Technologies, Inc. … Insiders often own a large chunk of younger, smaller, companies while huge companies tend to have institutions as shareholders. … SilverSun Technologies is a smaller company with a market capitalization of US$11m, so it may still be flying under the radar of many institutional investors.
Simply Wall St - – Full articleIs SilverSun Technologies, Inc.'s (NASDAQ:SSNT) CEO Pay Fair?
Mark Meller became the CEO of SilverSun Technologies, Inc. … This report will, first, examine the CEO compensation levels in comparison to CEO compensation at companies of similar size. … How Does Mark Meller's Compensation Compare With Similar Sized Companies?
Simply Wall St - – Full articleDoes SilverSun Technologies Inc (NASDAQ:SSNT)'s Capital Return Make The Cut?
Your equity share is granted in return for the capital provided to the business to operate, and in order for an investment to be successful the business has to create earnings from the funds that make up this capital. … Therefore, looking at how efficiently SilverSun Technologies is able to use capital to create earnings will help us understand your potential return. … SilverSun Technologies's Return On Capital Employed
Simply Wall St - – Full articleSilverSun Technologies Inc (NASDAQ:SSNT): Time For A Financial Health Check
SilverSun Technologies Inc (NASDAQ:SSNT) is a small-cap stock with a market capitalization of US$14m. … While investors primarily focus on the growth potential and competitive landscape of the small-cap companies, they end up ignoring a key aspect, which could be the biggest threat to its existence: its financial health. … Assessing first and foremost the financial health is
Simply Wall St - – Full articleDo Institutions Own SilverSun Technologies Inc (NASDAQ:SSNT) Shares?
The big shareholder groups in SilverSun Technologies Inc (NASDAQ:SSNT) have power over the company. … Institutions often own shares in more established companies, while it's not unusual to see insiders own a fair bit of smaller companies. … SilverSun Technologies is a smaller company with a market capitalization of US$16m, so it may still be flying under the radar of many institutional investors.
Simply Wall St - – Full articleIs SilverSun Technologies Inc's (NASDAQ:SSNT) CEO Overpaid Relative To Its Peers?
First, this article will compare CEO compensation with compensation at similar sized companies. … How Does Mark Meller's Compensation Compare With Similar Sized Companies. … Thus we can conclude that Mark Meller receives more in total compensation than the median of a group of companies in the same market, and of similar size to SilverSun Technologies Inc
Simply Wall St - – Full articleWhat Should Investors Know About SilverSun Technologies Inc's (NASDAQ:SSNT) Capital Returns?
and looking to gauge the potential return on investment in SilverSun Technologies Inc (NASDAQ:SSNT). … Your equity share is granted in return for the capital provided to the business to operate, and in order for an investment to be successful the business has to create earnings from the funds that make up this capital. … To understand SilverSun Technologies’s capital returns we will look at a useful metric called return on capital employed.
Simply Wall St - – Full articleBreaking Down SilverSun Technologies Inc's (NASDAQ:SSNT) Ownership Structure
In this article, I'm going to take a look at SilverSun Technologies Inc’s (NASDAQ:SSNT) latest ownership structure, a non-fundamental factor which is important, but remains a less discussed subject among investors. … Ownership structure has been found to have an impact on shareholder returns in both short- and long-term. … Differences in ownership structure of companies can have a profound effect on how management's incentives are aligned with shareholder returns, and whether they adhere to corporate governance best practices.
Simply Wall St - – Full articleCompany Info
Description
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 associated training, technical support, and professional services. The company also publishes and markets MAPADOC, an electronic data interchange software through a network of resellers. In addition, the company resells warehouse management system software, which controls the movement and storage of materials; and offers customer relationship management and business intelligence products. Further, it provides managed services, data back-up, network maintenance and service upgrades, hosting, business continuity, cloud, email, and Web 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 in 1988 and is headquartered in East Hanover, New Jersey.
Details
| Name: | SilverSun Technologies, Inc. |
| SSNT | |
| Exchange: | NasdaqCM |
| Founded: | 1988 |
| $14,177,378 | |
| 4,500,755 | |
| Website: | http://www.silversuntech.com |
| Address: |
SilverSun Technologies, Inc. 120 Eagle Rock Avenue, Suite 330, East Hanover, New Jersey, 07936, United States |
Listings
| Exchange Symbol | Ticker Symbol | Security | Exchange | Country | Currency | Listed on | |
|---|---|---|---|---|---|---|---|
| NasdaqCM | SSNT | Common Stock | Nasdaq Capital Market | US | USD | 13. Jan 2012 |
Number of employees
Current staff
Industry
| Systems Software | |
| Software |
Company Analysis and Financial Data Status
| Area | Date (UTC time) |
|---|---|
| Company Analysis updated: | 2019/03/19 00:24 |
| End of day share price update: | 2019/03/18 00:00 |
| Last earnings filing: | 2018/11/13 |
| Last earnings reported: | 2018/09/30 |
| Last annual earnings reported: | 2017/12/31 |
All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
