SilverSun Technologies FY23 EPS $(0.20) Vs $(0.05) YoY; Revenue $54,516,941
Benzinga
15 Mar 2024
Fiscal 2023 Financial Highlights
Total revenue was $54,516,941, compared with $44,985,276 in 2021, an increase of 21.2%.
Gross profit was $21,613,809, compared with $17,960,736 in 2021, an increase of 20.3%.
Earnings before interest, taxes, depreciation, and amortization (EBITDA) plus share-based compensation, were $2,716,154, compared with earnings before interest, taxes, depreciation and amortization plus share-based compensation of $914,280 in 2022, an increase of $1,801,874.
The Company incurred an expense of $2,986,107 related to the terminated merger agreement with Rhodium Enterprises.
Net loss per share in 2023 (on a diluted basis) was ($0.20), compared to net loss per share of ($0.05) in 2022.
As of December 31, 2023, cash totaled $6,143,298, and the Company had $1,241,383 in long term liabilities.
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