| Type | Subsidiary |
| Parent Company | Itron |
| HQ | San Jose, CA, US |
| Founded | 2002 |
| Website | silverspringnet.com |
| Cybersecurity rating | BMore |
Silver Spring was founded in 2002 and is headquartered in San Jose, CA, US
Viewing summary data as a guest
Sign up for free to see all dataKey People/Management at Silver Spring
Michael Bell
President, CEO
Catriona Fallon
CFO
Rick Arnold
General Counsel & Secretary
Don Reeves
SVP Services & Operations
Philippe Gaglione
Executive Vice President of Research and Development
Silver Spring Office Locations
Silver Spring has offices in San Jose, Chicago, Escondido, Honolulu and in 9 other locations
San Jose, CA, US (HQ)
230 W Tasman Dr
Chicago, IL, US
233 S Wacker Dr
Escondido, CA, US
120 W Grand Ave #105
Honolulu, HI, US
Honolulu, HI, USA
Las Vegas, NV, US
Las Vegas, NV, USA
Miami, FL, US
Miami, FL, USA
Silver Spring Financials and Metrics
Summary Metrics
Founding Date | 2002 |
Total Funding | $369.2 m |
Investors | Kleiner Perkins, Foundation Capital, Northgate Capital, Threshold, Peterson Ventures, EMC, GSV Capital, Edison Electric Institute, JVB Properties, GV, HGST |
In total, Silver Spring had raised $369.2 m. 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
Quarterly
| USD | Q1, 2013 | Q2, 2013 | Q3, 2013 | Q1, 2014 | Q2, 2014 | Q3, 2014 | Q1, 2015 | Q2, 2015 | Q3, 2015 | Q1, 2016 | Q2, 2016 | Q3, 2016 | Q1, 2017 | Q2, 2017 | Q3, 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | 53.7m | 103.5m | 72.5m | 44.2m | 41.6m | 28.0m | 143.6m | 77.2m | 69.5m | 48.6m | 122.0m | 74.2m | 50.3m | 261.6m | 47.6m |
Cost of goods sold | 43.6m | 55.3m | 49.3m | 32.8m | 28.2m | 26.7m | 72.2m | 57.2m | 36.5m | 31.6m | 57.4m | 45.9m | 33.4m | 205.0m | 33.8m |
Gross profit | 10.1m | 48.3m | 23.2m | 11.4m | 13.4m | 1.3m | 71.5m | 20.0m | 33.0m | 17.0m | 64.5m | 28.2m | 16.9m | 56.5m | 13.8m |
Gross profit Margin, % | 19% | 47% | 32% | 26% | 32% | 5% | 50% | 26% | 47% | 35% | 53% | 38% | 34% | 22% | 29% |
Annual
Quarterly
| USD | Q1, 2013 | Q2, 2013 | Q3, 2013 | Q1, 2014 | Q2, 2014 | Q3, 2014 | Q1, 2015 | Q2, 2015 | Q3, 2015 | Q1, 2016 | Q2, 2016 | Q3, 2016 | Q1, 2017 | Q2, 2017 | Q3, 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Cash | 142.4m | 125.0m | 81.9m | 78.5m | 64.8m | 50.1m | 50.7m | 61.8m | 63.5m | 68.4m | 68.0m | 48.0m | 49.3m | 51.1m | 58.9m |
Accounts Receivable | 50.0m | 69.7m | 59.6m | 61.4m | 58.1m | 67.9m | 47.9m | 41.5m | 44.1m | 43.8m | 47.0m | 45.0m | 48.4m | 51.7m | 50.0m |
Prepaid Expenses | 4.6m | 6.6m | 5.6m | 5.9m | 7.9m | 7.4m | 7.5m | 9.4m | 9.6m | 11.3m | 14.2m | 11.6m | 8.4m | 11.4m | 13.0m |
Inventories | 12.3m | 12.6m | 7.0m | 4.9m | 4.6m | 4.5m | 7.3m | 4.5m | 3.8m | 4.1m | 2.5m | 5.3m | 5.5m | 5.3m | 6.1m |
Annual
Quarterly
| USD | Q1, 2013 | Q2, 2013 | Q3, 2013 | Q1, 2014 | Q2, 2014 | Q3, 2014 | Q1, 2015 | Q2, 2015 | Q3, 2015 | Q1, 2016 | Q2, 2016 | Q3, 2016 | Q1, 2017 | Q2, 2017 | Q3, 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Net Income | (64.4m) | (54.9m) | (67.2m) | (27.8m) | (52.4m) | (89.7m) | 34.9m | 18.7m | 18.1m | (18.5m) | 7.6m | (7.6m) | (23.2m) | (4.5m) | (29.8m) |
Depreciation and Amortization | 1.7m | 3.4m | 5.0m | 1.5m | 2.9m | 4.7m | 1.9m | 3.9m | 5.9m | 2.1m | 4.2m | 6.3m | 2.2m | 4.5m | 6.7m |
Inventories | (4.6m) | (5.0m) | 534.0k | (596.0k) | (767.0k) | (779.0k) | (604.0k) | 2.2m | 3.0m | 470.0k | 2.1m | (750.0k) | 2.5m | 2.8m | 2.0m |
Accounts Payable | (1.6m) | 7.4m | (1.7m) | (3.1m) | (3.4m) | (3.2m) | 2.9m | (2.4m) | (131.0k) | 669.0k | 1.2m | (8.9m) | 3.4m | 4.2m | 10.0m |
Silver Spring Revenue Breakdown
Silver Spring revenue breakdown by geographic segment: 83.7% from United States, 14.0% from Australia and 2.3% from Other
Silver Spring Cybersecurity Score
Silver Spring Online and Social Media Presence
4.22k Twitter followers
Silver Spring has 4.22k Twitter Followers. The number of followers has decreased 0.7% month over month and decreased 1.6% quarter over quarter
Silver Spring's Trends
Silver Spring Company Culture
Overall Culture
B
72/100
CEO Rating
C-
63/100
Compensation
C
67/100
Diversity
B
72/100
Silver Spring News and Updates
September 03, 2019
TCSAccess Selects Silver Spring, Maryland for New Headquarters
TCS Associates, a nationally known leader providing Accessibility and Assistive Technology services for organizations with employees with disabilities, has rebranded. TCS Associates will now operate under the name TCSAccess. TCSAccess stands for Training, Compliance, Support, and Access – the four p…
May 08, 2019
Civitas Capital Group Closes on Dual-branded Hampton Inn by Hilton & Homewood Suites by Hilton in Silver Spring, Maryland
SILVER SPRING, Md., May 8, 2019 /PRNewswire/ -- Civitas Capital Group ("Civitas"), a leading independent specialty asset management and financial services firm, has closed on the acquisition of a dual-branded Hampton Inn by Hilton Silver Spring and Homewood Suites by Hilton Silver Spring...
January 10, 2019
Smart Gas Meters 201 Global Market Key Players - Cyan Technology, Landis+Gyr, Sensus, Edmi, Iskraemeco, Schneider Electric, Silver Spring Networks, Zenner, Linyang.......
Smart Gas Meters – Global Market Growth, Opportunities, Analysis Of Top Key Players And Forecast To 2023 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...
Silver Spring Blogs
June 01, 2021
Inspiring Resourcefulness with Girl Scouts
As the leader of digital marketing at Itron and the past board chair for Girl Scouts of Eastern Washington and North Idaho, I recognize the importance of supporting STEM careers for young women. To
May 24, 2021
Building A Smart City - It Takes A Village
Smart city solutions help utilities and cities reimagine how they can deliver services to improve efficiencies, lower carbon emissions, create safer neighborhoods and enhance the quality of life for their citizens.
May 18, 2021
Accepting Nominations: 2021 Excellence in Resourcefulness Awards
In partnership with Frost & Sullivan, we are now accepting nominations for the 2021 Excellence in Resourcefulness Awards.
May 17, 2021
Will Your Lights Be on When the Power Goes Out?
On March 11, 2011, the Fukushima nuclear power plant in Japan was damaged by an earthquake and tsunami, resulting in widespread and long-term power outages for many Japanese citizens. Several months later, Nissan demonstrated the ability to discharge power from their Nissan Leaf electric vehicle (EV…
May 13, 2021
IUW APAC: Connecting People, Insights and Solutions to Create a More Resourceful World
Coming off the heels of our first-ever Itron Utility Week Asia-Pacific (APAC) conference, we’re excited and energized for the opportunity […]
Silver Spring Frequently Asked Questions
When was Silver Spring founded?
Silver Spring was founded in 2002.
Who are Silver Spring key executives?
Silver Spring's key executives are Michael Bell, Catriona Fallon and Rick Arnold.
How many employees does Silver Spring have?
Silver Spring has 331 employees.
What is Silver Spring revenue?
Latest Silver Spring annual revenue is $311 m.
What is Silver Spring revenue per employee?
Latest Silver Spring revenue per employee is $939.6 k.
Who are Silver Spring competitors?
Competitors of Silver Spring include energyOrbit, Sigfox and Enbala Power Networks.
Where is Silver Spring headquarters?
Silver Spring headquarters is located at 230 W Tasman Dr, San Jose.
Where are Silver Spring offices?
Silver Spring has offices in San Jose, Chicago, Escondido, Honolulu and in 9 other locations.
How many offices does Silver Spring have?
Silver Spring has 14 offices.
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