Form 8-K · Current Report · Filed 2024-03-15
SilverSun Technologies Announces Major Restructuring and Investment
SilverSun Technologies, Inc. announced a significant restructuring, including a $1 billion investment from Jacobs Private Equity II, LLC, resulting in a corporate spin-off and a planned cash dividend to shareholders. The Company reported a net loss of $1.07 million for 2023, impacted by expenses related to a terminated merger and increased costs. Despite the net loss, the Company saw a 21.2% increase in total revenue and a 20.3% increase in gross profit. CEO Mark Meller highlighted the Company's growth in software and service revenue and expressed optimism for future growth.
- Filer
- Qxo Inc. QXO · NYSE
- Filed
- Accession
- 0001213900-24-022824
- CIK
- 0001236275
- Signal
- Low impactTechnology
- Source
- Official filing on sec.gov ↗
Items reported
Regulation FD Disclosure
Financial Statements and Exhibits
Exhibits (1)
About Qxo Inc.
Qxo Inc. is a company engaged in the innovative technology sector, specializing in developing software solutions that enhance business processes for small and medium enterprises (SMEs). It provides integrated platforms designed to streamline customer relationship management, inventory control, and financial reporting, all vital components for driving operational efficiency. Qxo Inc.'s products are particularly impactful in industries such as retail, healthcare, and professional services, offering scalability and customization tailored to specific client needs. The company's comprehensive approach ensures that businesses can leverage data analytics for strategic planning and decision-making. Headquartered in a technology hub, Qxo Inc. plays a significant role in the digital transformation landscape, continuously adapting to advancements and market demand. Its focus on user-friendly interfaces and seamless integration with existing systems positions Qxo Inc. as a crucial partner for enterprises aiming to leverage technology for growth and competitiveness in modern markets.
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