Silver Spring

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.
Type
Subsidiary
Parent Company
Itron
HQ
San Jose, US
Founded
2002
Silver Spring was founded in 2002 and is headquartered in San Jose, US

Key People/Management 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 Financials and Metrics

Silver Spring Summary

Silver Spring is a subsidiary of Itron

Silver Spring Financials

Silver Spring's revenue was reported to be $50.3 m in Q1, 2017
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)
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%
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
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
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)
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
Show all financial metrics

Silver Spring Operating Metrics

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
Show all operating metrics

Silver Spring Revenue Breakdown

Traffic Overview of Silver Spring

Silver Spring Online and Social Media Presence

Silver Spring Company Life and Culture

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