Silver Spring
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Silver Spring

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    • Energy & UtilitiesTechnologyapplication softwareenergy servicesinternet of thingsplatform
    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
    TypeSubsidiary
    Parent CompanyItron
    HQSan Jose, US
    Founded2002
    Websitesilverspringnet.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

    		326.9m191.3m489.6m311.0m

    Revenue growth, %

    		(41%)156%(36%)

    Cost of goods sold

    		150.3m77.2m202.4m172.8b

    Gross profit

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

    Revenue

    		72.5m44.2m41.6m28.0m143.6m77.2m69.5m48.6m122.0m74.2m50.3m261.6m

    Cost of goods sold

    		49.3m32.8m28.2m26.7m72.2m57.2m36.5m31.6m57.4m45.9m33.4m205.0m

    Gross profit

    		23.2m11.4m13.4m1.3m71.5m20.0m33.0m17.0m64.5m28.2m16.9m56.5m

    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

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

    Accounts Receivable

    		69.7m54.7m47.8m44.8m

    Inventories

    		4.8m5.1m10.8m8.0m

    Current Assets

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

    Cash

    		81.9m78.5m64.8m50.1m50.7m61.8m63.5m68.4m68.0m48.0m49.3m51.1m

    Accounts Receivable

    		59.6m61.4m58.1m67.9m47.9m41.5m44.1m43.8m47.0m45.0m48.4m51.7m

    Inventories

    		7.0m4.9m4.6m4.5m7.3m4.5m3.8m4.1m2.5m5.3m5.5m5.3m

    Current Assets

    		281.5m246.6m228.0m216.0m362.6m371.9m376.4m403.7m378.4m371.5m387.8m219.1m
    show all
    Annual
    USDFY, 2013FY, 2014FY, 2015FY, 2016

    Net Income

    		(66.8m)(89.2m)80.0m(21.6m)

    Depreciation and Amortization

    		6.6m6.5m7.8m8.6m

    Inventories

    		(1.2m)(724.0k)(5.1m)(3.5m)

    Accounts Payable

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

    Net Income

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

    Depreciation and Amortization

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

    Inventories

    		(596.0k)4.6m4.5m7.3m2.2m3.0m470.0k2.1m(750.0k)2.5m2.8m

    Accounts Payable

    		(3.1m)27.7m28.4m30.4m(2.4m)(131.0k)669.0k1.2m(8.9m)3.4m4.2m
    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

    Tantalus Systems
    Energy & Utilities - Private
    Loriot
    Technology - Private
    Enbala Power Networks
    Technology - Private
    Sigfox
    Technology - Private
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    Silver Spring Online and Social Media Presence

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    Silver Spring News and Updates

    October 01, 2018

    AMI Smart Water Management – Global Market Growth with Latest Industry Innovation including powerful manufacturer’s like - Landis+Gyr, Itron, GE Digital Energy, Siemens, Kamstrup, Sensus, Elster Group, Silver Spring Networks, Sanxing, Linyang Electronics,

    Secondary research methodologies such as data collection from company websites, press releases, and several regional and global databases were undertaken for formulating the study. Posted via Industry Today. Follow us on Twitter @IndustryToday
    September 27, 2018

    EwingCole's Net Zero Designed Unisphere Opens in Silver Spring

    SILVER SPRING, Md., Sept. 27, 2018 /PRNewswire/ -- EwingCole, one of the nation's leading architecture, engineering, and interior design firms, is pleased to announce that opening ceremonies for the six-story expansion of United Therapeutics' downtown campus took place on Friday,...
    September 26, 2018

    Silver Spring Foods Poised for Growth with New Management Team Members

    EAU CLAIRE, Wis., Sept. 26, 2018 /PRNewswire/ -- Wisconsin-based Silver Spring Foods, the world's largest grower and processor of horseradish, today announced its goal to exceed 100 million pounds of production over the next 52 weeks following three new company executive appointments...
    September 19, 2018

    DC Auto Dealer, Koons of Silver Spring, Announces Washington Capitals Goalie, Braden Holtby, as new Spokesperson

    SILVER SPRING, Md., Sept. 19, 2018 /PRNewswire/ -- Automotive dealer, Koons of Silver Spring, a multi-franchised Ford, Lincoln and Mazda dealership near Washington DC, announces Washington Capitals Goalie and 2018 Stanley Cup Champion, Braden Holtby, as their new Spokesperson. "We wanted...
    August 23, 2018

    Silver Spring Foods Horseradish Partners with Lambeau Field

    EAU CLAIRE, Wis., Aug. 23, 2018 /PRNewswire/ -- Wisconsin-based Silver Spring Foods, the world's largest grower and processor of horseradish, is partnering with Lambeau Field, home of the Green Bay Packers, for the NFL season. Silver Spring Foods horseradish will be served wherever Bloody ...
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    Silver Spring Company Life and Culture

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