Silver Spring
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Silver Spring

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    • Energy & UtilitiesTechnologyapplication softwareenergy efficiencyinternet of thingsnetworkingplatform
    Silver Spring Networks is engaged in creating, building and deploying large-scale networks and solutions enabling the Internet of things for critical infrastructure. The Company provides a networking platform and solutions that enable utilities to transform the power grid infrastructure into the smart grid. Its networking platform enables customers to communicate with devices connected to the power grid. The platform comprises hardware, such as access points and relays, communications modules, SilverLinkOS network operating software, and GridScape management and security software.
    Revenue(FY, 2016)
    $311 M
    Type
    Subsidiary
    Parent Company
    Itron
    HQ
    San Jose, US
    Founded
    2002
    Website
    silverspringnet.com
    Silver Spring was founded in 2002 and is headquartered in San Jose, US
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    Key People/Management at Silver Spring

    Michael Bell

    Michael Bell

    President, CEO
    Catriona Fallon

    Catriona Fallon

    CFO
    Rick Arnold

    Rick Arnold

    General Counsel & Secretary
    Don Reeves

    Don Reeves

    SVP Services & Operations
    Philippe Gaglione

    Philippe Gaglione

    Executive Vice President of Research and Development
    Show more

    Silver Spring Office Locations

    Silver Spring has offices in Singapore, San Jose, Las Vegas, Chicago and in 9 other locations
    San Jose, US (HQ)
    230 W Tasman Dr
    Chicago, US
    4025 Willis Tower 233 S Wacker Dr
    Escondido, US
    105 120 W Grand Ave
    San Antonio, US
    1200 300 Convent St
    Melbourne, AU
    25 360 Collins St
    São Paulo, BR
    1089 Av. Roque Petroni Júnior
    Show all (14)
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    Silver Spring Financials and Metrics

    Summary Metrics

    Founding Date

    		2002

    Total Funding

    		$363.9 m

    Investors

    		Peterson Ventures, DFJ Growth, EMC, GSV Capital, Edison Electric Institute, Foundation Capital, JVB Properties, Kleiner Perkins Caufield & Byers, Northgate Capital, HGST, GV
    Silver Spring is a subsidiary of Itron

    Silver Spring Revenue

    Silver Spring's revenue was reported to be $311.01 m in FY, 2016 which is a 36.5% decrease from the previous period.
    Annual
    USDFY, 2013FY, 2014FY, 2015FY, 2016

    Revenue

    		326.9 m191.3 m489.6 m311 m

    Revenue growth, %

    		(41%)156%(36%)

    Cost of goods sold

    		150.3 m77.2 m202.4 m172.8 b

    Gross profit

    		176.5 m114.1 m287.1 m(172.5 b)
    Quarterly
    USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017

    Revenue

    		72.5 m44.2 m41.6 m28 m143.6 m77.2 m69.5 m48.6 m122 m74.2 m50.3 m261.6 m

    Cost of goods sold

    		49.3 m32.8 m28.2 m26.7 m72.2 m57.2 m36.5 m31.6 m57.4 m45.9 m33.4 m205 m

    Gross profit

    		23.2 m11.4 m13.4 m1.3 m71.5 m20 m33 m17 m64.5 m28.2 m16.9 m56.5 m

    Gross profit Margin, %

    		32%26%32%5%50%26%47%35%53%38%34%22%
    show all
    Annual
    usdY, 2010Y, 2011Y, 2012Y, 2013Y, 2014Y, 2015FY, 2016

    Cash

    		42.7 m71.7 m72.6 m82.6 m60.5 m65.3 m50.4 m

    Accounts Receivable

    		69.7 m54.7 m47.8 m44.8 m

    Inventories

    		4.8 m5.1 m10.8 m8 m

    Current Assets

    		262.1 m222.3 m384.5 m378.4 m
    Quarterly
    USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017

    Cash

    		81.9 m78.5 m64.8 m50.1 m50.7 m61.8 m63.5 m68.4 m68 m48 m49.3 m51.1 m

    Accounts Receivable

    		59.6 m61.4 m58.1 m67.9 m47.9 m41.5 m44.1 m43.8 m47 m45 m48.4 m51.7 m

    Inventories

    		7 m4.9 m4.6 m4.5 m7.3 m4.5 m3.8 m4.1 m2.5 m5.3 m5.5 m5.3 m

    Current Assets

    		281.5 m246.6 m228 m216 m362.6 m371.9 m376.4 m403.7 m378.4 m371.5 m387.8 m219.1 m
    show all
    Annual
    USDFY, 2013FY, 2014FY, 2015FY, 2016

    Net Income

    		(66.8 m)(89.2 m)80 m(21.6 m)

    Depreciation and Amortization

    		6.6 m6.5 m7.8 m8.6 m

    Inventories

    		(1.2 m)(724 k)(5.1 m)(3.5 m)

    Accounts Payable

    		2.8 m(4.1 m)3.1 m(4.5 m)
    Quarterly
    USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017

    Net Income

    		(12.3 m)(27.8 m)(24.6 m)(37.3 m)34.9 m18.7 m18.1 m(18.5 m)7.6 m(7.6 m)(23.2 m)(4.5 m)

    Depreciation and Amortization

    		1.5 m3.9 m5.9 m2.1 m4.2 m6.3 m2.2 m4.5 m

    Inventories

    		(596 k)4.6 m4.5 m7.3 m2.2 m3 m470 k2.1 m(750 k)2.5 m2.8 m

    Accounts Payable

    		(3.1 m)27.7 m28.4 m30.4 m(2.4 m)(131 k)669 k1.2 m(8.9 m)3.4 m4.2 m
    show all
    Show all financial metrics

    Silver Spring Operating Metrics

    FY, 2014FY, 2015Q2, 2016Q3, 2016FY, 2016Q1, 2017

    Billings

    		$276.71 m$281.92 m$71.85 m$76.14 m$294.60 m$67.95 m

    Network Users

    		20 m22.90 m25.50 m

    Patents (foreign)

    		141 155 171

    Patents Pending (foreign)

    		76 74 68
    Show all operating metrics

    Silver Spring Revenue Breakdown

    Embed Graph

    Silver Spring revenue breakdown by geographic segment: 83.7% from United States, 14.0% from Australia and 2.3% from Other

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    Competitors

    Sigfox
    Technology - Private
    Enbala Power Networks
    Technology - Private
    Loriot
    Technology - Private
    Acklio
    Technology - Private
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    Silver Spring Online and Social Media Presence

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    Silver Spring Company Life and Culture

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