| Type | Subsidiary |
| Parent Company | Itron |
| HQ | San Jose, US |
| Founded | 2002 |
| Website | silverspringnet.com |
| Cybersecurity rating | BMore |
Silver Spring was founded in 2002 and is headquartered in San Jose, 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, US (HQ)
230 W Tasman Dr
Chicago, US
233 S Wacker Dr
Escondido, US
120 W Grand Ave #105
Honolulu, US
Honolulu, HI, USA
Las Vegas, US
Las Vegas, NV, USA
Miami, 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
4.34k Twitter followers
Silver Spring has 4.34k Twitter Followers. The number of followers has decreased 0.2% month over month and decreased 0.7% quarter over quarter
Silver Spring's Trends
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
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...
Silver Spring Blogs
November 03, 2020
Innovation Takes Center Stage During Itron Utility Week 2020
Last week, we wrapped up our first-ever virtual Itron Utility Week (IUW), bringing together a record number of registrants, including […]
October 26, 2020
IUW 2020: Your Guide to a Stellar Virtual Event
It’s time for Itron Utility Week (IUW) 2020! While it is a completely virtual experience this year, we’re still featuring […]
October 21, 2020
Through September 2020: Trends in Estimated Load Impacts of COVID-19 Mitigation Policies on European and North American Electricity Consumption
As previously discussed in the first of this blog series on April 13, as lockdown policies are enacted to help […]
October 16, 2020
Demand Response During COVID-19 and Summer Heatwaves
Demand response – which consistently has its demise predicted – has not only played a significant, positive role in helping […]
October 14, 2020
Reducing the Potential for Generation Redispatch
The pan-European electricity market enables competitive wholesale and retail exchange of electricity while ensuring the security of the electric grid. […]
October 13, 2020
Providing Resourceful Solutions to Protect Our Most Precious Resource
We may live on a planet that has 71% of its land mass covered in water, but that doesn’t mean […]
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 354 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 $878.6 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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