SilverSun Technologies, Inc. operates as a business application, technology, and consulting company.
Adequate balance sheet and fair value.
Share Price & News
How has SilverSun Technologies's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: SSNT's share price has been volatile over the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: SSNT underperformed the US Software industry which returned 6.4% over the past year.
Return vs Market: SSNT underperformed the US Market which returned -12.7% over the past year.
Price Volatility Vs. Market
How volatile is SilverSun Technologies's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 weeks ago | Simply Wall StHave Insiders Been Selling SilverSun Technologies, Inc. (NASDAQ:SSNT) Shares?
1 month ago | Simply Wall StShould You Worry About SilverSun Technologies, Inc.'s (NASDAQ:SSNT) CEO Pay?
2 months ago | Simply Wall StCan You Imagine How SilverSun Technologies's (NASDAQ:SSNT) Shareholders Feel About The 50% Share Price Increase?
Is SilverSun Technologies undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: SSNT ($1.94) is trading below our estimate of fair value ($8.41)
Significantly Below Fair Value: SSNT is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: SSNT is unprofitable, so we can't compare its PE Ratio to the Software industry average.
PE vs Market: SSNT is unprofitable, so we can't compare its PE Ratio to the US market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate SSNT's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: SSNT is good value based on its PB Ratio (1x) compared to the US Software industry average (4.3x).
How is SilverSun Technologies forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
Forecasted Software industry annual growth in earnings
In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as SilverSun Technologies has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.
This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.
- Examine whether SilverSun Technologies is trading at an attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
- Explore growth companies in the Software industry.
How has SilverSun Technologies performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: SSNT is currently unprofitable.
Growing Profit Margin: SSNT is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: SSNT is unprofitable, and losses have increased over the past 5 years at a rate of -33.1% per year.
Accelerating Growth: Unable to compare SSNT's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: SSNT is unprofitable, making it difficult to compare its past year earnings growth to the Software industry (18.7%).
Return on Equity
High ROE: SSNT has a negative Return on Equity (-16.5%), as it is currently unprofitable.
How is SilverSun Technologies's financial position?
Financial Position Analysis
Short Term Liabilities: SSNT's short term assets ($13.0M) exceed its short term liabilities ($8.7M).
Long Term Liabilities: SSNT's short term assets ($13.0M) exceed its long term liabilities ($1.4M).
Debt to Equity History and Analysis
Debt Level: SSNT's debt to equity ratio (13.4%) is considered satisfactory.
Reducing Debt: SSNT's debt to equity ratio has reduced from 1456.1% to 13.4% over the past 5 years.
Inventory Level: SSNT has a low level of unsold assets or inventory.
Debt Coverage by Assets: SSNT's debt is covered by short term assets (assets are 10.9x debt).
Cash Runway Analysis
For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: SSNT has been profitable on average in the past, therefore cash runway is not a concern.
Forecast Cash Runway: SSNT has been profitable on average in the past, therefore cash runway is not a concern.
What is SilverSun Technologies's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: SSNT's dividend (25.77%) is higher than the bottom 25% of dividend payers in the US market (1.98%).
High Dividend: SSNT's dividend (25.77%) is in the top 25% of dividend payers in the US market (5.49%)
Stability and Growth of Payments
Stable Dividend: SSNT has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: SSNT's dividend payments have increased, but the company has only paid a dividend for 2 years.
Current Payout to Shareholders
Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Mark Meller (59yo)
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 an ...
CEO Compensation Analysis
Compensation vs Market: Mark's total compensation ($USD704.69K) is about average for companies of similar size in the US market ($USD605.16K).
Compensation vs Earnings: Mark's compensation has increased whilst the company is unprofitable.
|Advisor to the Chief Executive Officer||1yr||US$206.50k||no data|
|Chief Financial Officer||1yr||no data||no data|
|Executive Vice President of SWK Technologies||no data||no data||no data|
Experienced Management: SSNT's management team is not considered experienced ( 1 years average tenure), which suggests a new team.
|Independent Director||8.67yrs||US$12.00k||0.13% $11.1k|
|Independent Director||5.17yrs||US$18.00k||0.074% $6.5k|
|Independent Director||3yrs||US$18.00k||0.25% $21.4k|
Experienced Board: SSNT's board of directors are considered experienced (6.9 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
SilverSun Technologies, Inc.'s company bio, employee growth, exchange listings and data sources
- Name: SilverSun Technologies, Inc.
- Ticker: SSNT
- Exchange: NasdaqCM
- Founded: 1988
- Industry: Systems Software
- Sector: Software
- Market Cap: US$8.732m
- Shares outstanding: 4.50m
- Website: https://www.silversuntech.com
Number of Employees
- SilverSun Technologies, Inc.
- 120 Eagle Rock Avenue
- Suite 330
- East Hanover
- New Jersey
- United States
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|SSNT||NasdaqCM (Nasdaq Capital Market)||Yes||Common Stock||US||USD||Jan 2012|
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. 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 customer relationship management and business intelligence products. Further, it 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 in 1988 and is headquartered in East Hanover, New Jersey.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/03/30 04:18|
|End of Day Share Price||2020/03/27 00:00|
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.