ProfileJobs (26)

Silver Spring

Energy & UtilitiesTechnologyapplication softwareenergy efficiencyinternet of thingsnetworkingplatform
Silver Spring Networks builds networks that enable a utility to make the business changes necessary today to improve efficiency, reliability, and customer service while reducing costs. Built for real-time networking, its open standards permit multiple vendors to innovate new products and services for the utility while remaining scalable and secure for system-wide implementation.
Revenue(Q1, 2017)
$50.3 M
Market capitalization(2017-08-22)
$683.7 M
Backlog(FY, 2016)
$159.2 M
Company Growth (employees)
Type
Public
HQ
San Jose, US
Founded
2002
Size (employees)
704 (est)
Website
silverspringnet.com
Silver Spring was founded in 2002 and is headquartered in San Jose, US

Key People at Silver Spring

Michael Bell

Michael Bell

President, CEO
Rick Arnold

Rick Arnold

General Counsel & Secretary

Silver Spring Office Locations

Silver Spring has offices in San Jose, Chicago, Escondido, San Antonio and in 9 other locations
San Jose, US (HQ)
230 W Tasman Dr
São Paulo, BR
1089 Av. Roque Petroni Júnior
Paris, FR
26 Boulevard Malesherbes
London, GB
305 1 Eversholt St
Singapore, SG
02-11 460 Alexandra Rd
Melbourne, AU
25 360 Collins St
Show all (14)

Silver Spring Data and Metrics

Silver Spring Financial Metrics

Silver Spring's revenue was reported to be $50.3 m in Q1, 2017
USD

Revenue (Q1, 2017)

50.3 m

Gross profit (Q1, 2017)

16.9 m

Gross profit margin (Q1, 2017), %

34%

Net income (Q1, 2017)

(23.2 m)

EBIT (Q1, 2017)

(23.1 m)

Market capitalization (22-Aug-2017)

683.7 m

Cash (31-Mar-2017)

49.3 m
Silver Spring's current market capitalization is $683.7 m.
USDFY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016

Revenue

326.9 m191.3 m489.6 m311 m

Revenue growth, %

(41%)156%(36%)

Cost of goods sold

166.1 m115.3 m150.3 m77.2 m202.4 m172.8 b

Gross profit

176.5 m114.1 m287.1 m(172.5 b)

Gross profit Margin, %

54%60%59%(55464%)

Sales and marketing expense

39.4 b

R&D expense

70.7 b

General and administrative expense

45.8 b

Operating expense total

155.9 b

EBIT

(41.8 m)(87.9 m)83 m(19.9 b)

EBIT margin, %

(13%)(46%)17%(6406%)

Interest expense

343 k4.3 m1.2 m132 k52 k7 m

Interest income

86 k316 k468 k470 m

Pre tax profit

(66.6 m)(87.7 m)83.1 m(19.3 b)

Income tax expense

363 k390 k224 k1.4 m3.1 m(2.4 b)

Net Income

(66.8 m)(89.2 m)80 m(21.6 m)
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Revenue

41.6 m28 m143.6 m77.2 m69.5 m48.6 m122 m74.2 m50.3 m

Cost of goods sold

28.2 m26.7 m72.2 m57.2 m36.5 m31.6 m57.4 m45.9 m33.4 m

Gross profit

13.4 m1.3 m71.5 m20 m33 m17 m64.5 m28.2 m16.9 m

Gross profit Margin, %

32%5%50%26%47%35%53%38%34%

Sales and marketing expense

8.9 m10.1 m9.3 m8.9 m7.9 m9.6 m8.6 m10.4 m9.1 m

R&D expense

17.3 m17 m15.7 m16.1 m15.8 m15.5 m17.9 m18.2 m18.6 m

General and administrative expense

11.9 m9.6 m12.1 m10.5 m9.3 m10.8 m11.2 m11.7 m12.3 m

Operating expense total

38.1 m36.7 m37.1 m35.4 m33 m35.9 m37.8 m40.3 m40 m

EBIT

(24.7 m)(37.4 m)34.1 m(16.5 m)(394 k)(18.9 m)26.7 m(14.2 m)(23.1 m)

EBIT margin, %

(59%)(133%)24%(21%)(1%)(39%)22%(19%)(46%)

Interest expense

85 k7 k

Interest income

85 k7 k

Pre tax profit

(24.6 m)(37.4 m)34.4 m(16.5 m)(493 k)(18.5 m)27.1 m(14.1 m)(22.6 m)

Income tax expense

4 k(140 k)(476 k)(290 k)32 k961 k1.1 m(570 k)

Net Income

(24.6 m)(37.3 m)34.9 m(16.2 m)(622 k)(18.5 m)26.1 m(15.2 m)(23.2 m)
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

PP&E

12.4 m12.9 m14.1 m29 m

Total Assets

516.4 m548.2 m457.7 m447.1 m

Accounts Payable

31.3 m27.5 m30.6 m26.8 m

Current Liabilities

166.7 m143.9 m378.8 m363.2 m

Total Liabilities

478.7 m

Additional Paid-in Capital

539 m573.3 m594.3 m618.6 m

Retained Earnings

(617.3 m)(706.4 m)(626.4 m)(648.1 m)

Total Equity

(78.1 m)(133.8 m)

Financial Leverage

-6.6 x-4.1 x
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Cash

64.8 m50.1 m50.7 m61.8 m63.5 m68.4 m68 m48 m49.3 m

Accounts Receivable

58.1 m67.9 m47.9 m41.5 m44.1 m43.8 m47 m45 m48.4 m

Inventories

4.6 m4.5 m7.3 m4.5 m3.8 m4.1 m2.5 m5.3 m5.5 m

Current Assets

228 m216 m362.6 m371.9 m376.4 m403.7 m378.4 m371.5 m387.8 m

PP&E

12.6 m12.4 m12.6 m12.3 m12.3 m19.5 m28.1 m29.8 m27.5 m

Total Assets

534.3 m552.9 m528.2 m517.9 m529.8 m465.6 m449.4 m437.4 m449.6 m

Accounts Payable

27.7 m28.4 m30.4 m25.4 m28.1 m31.6 m32 m22.4 m29.6 m

Current Liabilities

144.9 m133.2 m372.8 m410 m407.5 m423.7 m363.2 m352.3 m387.1 m

Retained Earnings

(669.7 m)(706.9 m)(671.5 m)(687.7 m)(688.3 m)(645 m)(618.8 m)(634.1 m)(671.5 m)

Total Equity

(111.7 m)(139 m)(94.3 m)(104.9 m)

Financial Leverage

-4.8 x-4 x-5.6 x-4.9 x
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

Accounts Receivable

(13 m)15.6 m7.4 m3.1 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)

Cash From Operating Activities

10 m(8.8 m)19.7 m20.8 m

Purchases of PP&E

(4 m)(6.1 m)(5.4 m)(24.8 m)

Cash From Investing Activities

(67.2 m)(12.3 m)(11.7 m)(33.9 m)

Cash From Financing Activities

77.1 m(983 k)(3 m)(1.6 m)
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Net Income

(24.6 m)(37.3 m)34.9 m(16.2 m)(622 k)(18.5 m)26.1 m(15.2 m)(23.2 m)

Accounts Receivable

58.1 m67.9 m47.9 m41.5 m44.1 m43.8 m47 m45 m48.4 m

Inventories

4.6 m4.5 m7.3 m4.5 m3.8 m4.1 m2.5 m5.3 m5.5 m

Accounts Payable

27.7 m28.4 m30.4 m25.4 m28.1 m31.6 m32 m22.4 m29.6 m
USDY, 2017

Revenue/Employee

71.5 k

Silver Spring Operating Metrics

Silver Spring's Customers was reported to be 53 in FY, 2016, which is a 8% increase from the previous period. Silver Spring's Backlog was reported to be $159.2 m in FY, 2016, which is a 5% increase from the previous period
Q2, 2014Q3, 2014FY, 2014Q1, 2015Q2, 2015Q3, 2015FY, 2015Q1, 2016Q2, 2016Q3, 2016FY, 2016Q1, 2017

Cumulative Endpoints

19.1 m19.7 m20.8 m21.5 m22.3 m23.6 m24.3 m24.9 m26 m

Backlog

$108 m$152 m$159.2 m

Billings

$276.71 m$281.92 m$71.85 m$76.14 m$294.6 m$67.95 m

Patents Pending (foreign)

767468

Network Users

20 m22.9 m25.5 m

Customers

454953

Patents (US)

7295110

Patents (foreign)

141155171

Patents Pending (US)

736261

Endpoints

698 k747 k569 k511 k

Silver Spring Market Value History

Silver Spring Revenue Breakdown

Market Position of Silver Spring

Competitors

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CIMCON Lighting
Technology - Private
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Reviver
Technology - Private
Compare competitors

Traffic Overview of Silver Spring

Silver Spring Online and Social Media Presence

Silver Spring News and Updates

January 26, 2017

‘This Feels Like Being Born Again:’ Gambians Hope for Change and Long for Home

As the new president takes power, we asked readers from Gambia about their hopes and fears for their homeland, and, for those abroad, whether they might return.
January 26, 2017

A Punch List for Public Repairs

What infrastructure project is needed most where you live? Here’s what readers said.
January 24, 2017

Charlie Liteky, 85, Dies; Returned Medal of Honor in Protest

Awarded the medal for bravery in Vietnam, Mr. Liteky later left it in an envelope addressed to President Ronald Reagan in protest of American policy in Central America.
January 21, 2017

Many Left. Many Arrived. All Felt the Mood of a New Era.

The atmosphere was unmistakable on Friday in Washington, where crowds gathered for President Trump’s inauguration, protests broke out and many residents simply skipped town.
January 20, 2017

Inauguration Protesters and Police Clash on Washington’s Streets

A resistance has descended on the capital as Donald J. Trump takes office, prompting officers, some in riot gear, to employ crowd-dispersing sprays.
January 12, 2017

Where I Live: At Home in Washington

Where to go, what to eat and how to drink in the modern capital.
Show more

Silver Spring Company Life and Culture

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