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. it also resells warehouse management system software, which controls the movement and storage of materials; and customer relationship management, human capital management, and business intelligence products. in addition, the company 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
Company profile
Ticker
SSNT
Exchange
Website
CEO
Mark Meller
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
TREY INDUSTRIES INC, TREY RESOURCES INC
SEC CIK
Corporate docs
Subsidiaries
SWK Technologies, Inc. • Secure Cloud Services, Inc. • Critical Cyber Defense Corp. • SilverSun Technology Holdings, Inc. ...
IRS number
161633636
SSNT stock data
Latest filings (excl ownership)
PRE 14A
Preliminary proxy
18 Apr 24
DEFA14A
Additional proxy soliciting materials
17 Apr 24
DEFA14A
Additional proxy soliciting materials
15 Apr 24
8-K
Voting and Support Agreement
15 Apr 24
8-K
SilverSun Technologies Reports 2023 Year End Results
15 Mar 24
8-K
SilverSun Stockholders Approve Equity Investment
15 Mar 24
10-K
2023 FY
Annual report
14 Mar 24
DEFA14A
Additional proxy soliciting materials
13 Feb 24
DEFA14A
Additional proxy soliciting materials
19 Jan 24
PRE 14A
Preliminary proxy
16 Jan 24
Latest ownership filings
SC 13D/A
Jacobs Private Equity II, LLC
15 Apr 24
4
Mark Meller
26 Mar 24
4
Mark Meller
25 Mar 24
144
Notice of proposed sale of securities
25 Mar 24
4
Mark Meller
22 Mar 24
4
Mark Meller
21 Mar 24
4
Mark Meller
20 Mar 24
4
Mark Meller
19 Mar 24
144
Notice of proposed sale of securities
19 Mar 24
SC 13G
MORGAN STANLEY
9 Feb 24
Financial summary
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Diluted EPS |
Annual (USD) | Dec 22 | Dec 21 | Dec 20 | Dec 19 | |
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Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 6.88 mm | 6.88 mm | 6.88 mm | 6.88 mm | 6.88 mm | 6.88 mm |
Cash burn (monthly) | 83.42 k | 29.39 k | 855.43 k | 161.00 k | (no burn) | (no burn) |
Cash used (since last report) | 576.40 k | 203.05 k | 5.91 mm | 1.11 mm | n/a | n/a |
Cash remaining | 6.30 mm | 6.68 mm | 968.88 k | 5.77 mm | n/a | n/a |
Runway (months of cash) | 75.6 | 227.2 | 1.1 | 35.8 | n/a | n/a |
Institutional ownership, Q3 2023
18.9% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 17 |
Opened positions | 1 |
Closed positions | 0 |
Increased positions | 4 |
Reduced positions | 3 |
13F shares | Current |
---|---|
Total value | 2.35 bn |
Total shares | 1.00 mm |
Total puts | 0.00 |
Total calls | 0.00 |
Total put/call ratio | – |
Largest owners | Shares | Value |
---|---|---|
Bard Associates | 423.35 k | $1.41 bn |
AULT Ault Alliance | 170.00 k | $469.00 k |
Vanguard | 163.69 k | $536.90 mm |
Acadian Asset Management | 93.23 k | $310.00 k |
MS Morgan Stanley | 70.97 k | $232.78 mm |
Renaissance Technologies | 30.26 k | $99.00 k |
Private Advisor | 20.00 k | $65.60 mm |
Geode Capital Management | 19.49 k | $64.94 mm |
JB Capital Partners | 10.00 k | $32.80 mm |
Tower Research Capital | 2.31 k | $7.59 mm |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
26 Mar 24 | Meller Mark | Common Stock, par value $0.00001 per share | Sell | Dispose S | No | No | 12.9717 | 2,568 | 33.31 k | 292,584 |
25 Mar 24 | Meller Mark | Common Stock, par value $0.00001 per share | Sell | Dispose S | No | No | 13.0761 | 14,584 | 190.70 k | 295,152 |
22 Mar 24 | Meller Mark | Common Stock, par value $0.00001 per share | Sell | Dispose S | No | No | 13.1871 | 15,876 | 209.36 k | 309,736 |
21 Mar 24 | Meller Mark | Common Stock, par value $0.00001 per share | Sell | Dispose S | No | No | 13.6939 | 56,913 | 779.36 k | 325,612 |
20 Mar 24 | Meller Mark | Common Stock, par value $0.00001 per share | Sell | Dispose S | No | No | 13.356 | 15,521 | 207.30 k | 382,525 |
Press releases
SilverSun Stockholders Approve Equity Investment
15 Mar 24
SilverSun Technologies Reports 2023 Year End Results
14 Mar 24
SWK Celebrates Its Recognition as a Sage Partner Platinum Club 2023 Winner
22 Feb 24
SWK Technologies Named to the CRN MSP 500 List
15 Feb 24
SWK Technologies Named Acumatica 2024 Partner of the Year
7 Feb 24