SWK PARENT PROFITS, ADDS CASH
- Tuesday, 13 August 2013
- News and Analysis
SilverSun Technologies, parent of SWK Technologies, reported net income of $62,185 for the second quarter ended June 30, largely attributable to a sharp drop in share-based compensation. The earnings compared to a loss of $334,031 in last year's corresponding period. The company was able to increase G&A and R&D spending, but overall expenses fell as the shared-based pay dropped to $4,404 in the most recently end period, compared to $408,183 a year earlier.
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