SilverSun Technologies Inc (SSNT)

[onewhoknows2much]

$SSNT Phenomenal quarter. Net income up 349% for the first nine-months. Income up 3X for the quarter alone as well. #microcap

Original thesis:
http://www.marketfy.com/product/secret-caps/blog/1184/view/60140/

LIVINGSTON, NJ--(Marketwired - Nov 13, 2014) - SilverSun Technologies, Inc. (OTCQB: SSNT), a national provider of transformational business technology solutions and services, today announced its 12th consecutive quarter of double-digit percentage revenue growth, reporting results for the three and nine months ended September 30, 2014.
Financial Highlights for the Three Months Ended September 30, 2014 Compared to the Three Months Ended September 30, 2013:

•Total revenues increased 39%, rising to a record $6,086,465 from $4,374,951.
•Revenues from services climbed 40% to $4,741,227 from $3,379,806.
•Software sales totaled $1,345,238, representing a 35% increase over $995,145.
•Even after factoring in non-cash expenses of $151,190 related to share-base compensation, depreciation and amortization; income from operations rose 853% to $467,506 over a loss from operations of $62,084, which factored in $97,807 in similar non-cash expenses.
•Net income before taxes increased to $446,012 compared to a net loss of $82,219.
•After factoring $197,847 for taxes for the current three month reporting period, net income was $248,165, or $0.00 per diluted share, which compared to a net loss of $82,219, or $0.00 per diluted share.

Financial Highlights for the Nine Months Ended September 30, 2014 Compared to the Nine Months Ended September 30, 2013:

•Total revenues increased to a new historic high of $16,266,032, up 32% from $12,290,088.
•Services revenue totaled $13,364,021, up 33% from $10,050,315.
•Software sales rose 30% to $2,902,011 from $2,239,773.
•Income from operations was $801,877, rising 446% from $146,895. Notwithstanding non-cash expenses related to share-base compensation, depreciation and amortization totaling $381,216 in the first nine months of 2014, income from operations would have totaled $1,183,093.

Net income before taxes totaled $756,160, representing a 692% increase over net income before taxes of $95,496.
After factoring an income tax provision of $327,364, net income was $428,796, or $0.00 per diluted share, a 349% increase when compared to $95,496, or $0.00 per diluted share.

http://www.marketwired.com/press-release/SilverSun-Technologies-Reports-Best-Quarterly-Results-in-Its-12-Year-History-OTCQB-SSNT-1967726.htm