| 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
4.29k Twitter followers
Silver Spring has 4.29k Twitter Followers. The number of followers has decreased 0.4% month over month and decreased 1.1% quarter over quarter
Silver Spring's Trends
Silver Spring Company Culture
Overall Culture
C+
72/100
CEO Rating
D
63/100
Compensation
C
67/100
Diversity
C+
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
February 23, 2021
January 2021: Trends in Estimated Load Impacts of COVID-19 Mitigation Policies on European and North American Electricity Consumption
March 2020 through January 2021 As previously discussed in the first of this blog series on April 13, 2020, as […]
February 18, 2021
Bringing Our Premiere Customer Event to EMEA
For many years, Itron has collaborated with cities and utilities in Europe, Middle East and Africa (EMEA) to provide innovative, […]
February 10, 2021
Summing and Averaging
The Sum function in MetrixND seems like a complex way to make adding difficult. In a MetrixND transformation, numbers are […]
February 08, 2021
Itron Named in 2020 Gartner Market Guide for Meter Data Management
As a trusted, proven leader in meter data management (MDM), Itron manages data from more than 45 million meters representing […]
February 03, 2021
Itron Named in Gartner Emerging Technologies Report
Itron’s distributed intelligence applications, delivered in conjunction with our industrial IoT network, enable new and innovative approaches to solving critical […]
January 26, 2021
Trends in Estimated Load Impacts of COVID-19 Mitigation Policies on European and North American Electricity Consumption
March through December 2020 As previously discussed in the first of this blog series on April 13, 2020, as lockdown […]
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 348 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 $893.7 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.
Learn about Craft real-time company insights
Receive alerts for 300+ data fields across thousands of companies