Silver Spring

Silver Spring Networks is engaged in creating, building and deploying large-scale networks and solutions enabling the Internet of things for critical infrastructure. The Company provides a networking platform and solutions that enable utilities to transform the power grid infrastructure into the smart grid. Its networking platform enables customers to communicate with devices connected to the power grid. The platform comprises hardware, such as access points and relays, communications modules, SilverLinkOS network operating software, and GridScape management and security software.
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
 Catriona Fallon

Catriona Fallon

CFO
Rick Arnold

Rick Arnold

General Counsel & Secretary
Don Reeves

Don Reeves

SVP Services & Operations
Philippe Gaglione

Philippe Gaglione

Executive Vice President of Research and Development

Silver Spring Office Locations

Silver Spring has offices in San Jose, Chicago, Escondido, San Antonio and in 9 other locations
Melbourne, AU
25 360 Collins St
Paris, FR
26 Boulevard Malesherbes
London, GB
305 1 Eversholt St
Chicago, US
4025 Willis Tower 233 S Wacker Dr
Escondido, US
105 120 W Grand Ave
San Antonio, US
1200 300 Convent St
Show all (14)

Silver Spring Financials and Metrics

Summary Metrics

Silver Spring is a subsidiary of Itron

Silver Spring Financials

Silver Spring's revenue was reported to be $311 m in FY, 2016
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)
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017

Revenue

72.5 m44.2 m41.6 m28 m143.6 m77.2 m69.5 m48.6 m122 m74.2 m50.3 m261.6 m

Cost of goods sold

49.3 m32.8 m28.2 m26.7 m72.2 m57.2 m36.5 m31.6 m57.4 m45.9 m33.4 m205 m

Gross profit

23.2 m11.4 m13.4 m1.3 m71.5 m20 m33 m17 m64.5 m28.2 m16.9 m56.5 m

Gross profit Margin, %

32%26%32%5%50%26%47%35%53%38%34%22%
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
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017

Cash

81.9 m78.5 m64.8 m50.1 m50.7 m61.8 m63.5 m68.4 m68 m48 m49.3 m51.1 m

Accounts Receivable

59.6 m61.4 m58.1 m67.9 m47.9 m41.5 m44.1 m43.8 m47 m45 m48.4 m51.7 m

Inventories

7 m4.9 m4.6 m4.5 m7.3 m4.5 m3.8 m4.1 m2.5 m5.3 m5.5 m5.3 m

Current Assets

281.5 m246.6 m228 m216 m362.6 m371.9 m376.4 m403.7 m378.4 m371.5 m387.8 m219.1 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)
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017

Net Income

(12.3 m)(27.8 m)(24.6 m)(37.3 m)34.9 m18.7 m18.1 m(18.5 m)7.6 m(7.6 m)(23.2 m)(4.5 m)

Depreciation and Amortization

1.5 m3.9 m5.9 m2.1 m4.2 m6.3 m2.2 m4.5 m

Accounts Receivable

8.3 m58.1 m67.9 m47.9 m13.6 m11.1 m4 m859 k2.8 m(3.6 m)(7 m)

Inventories

(596 k)4.6 m4.5 m7.3 m2.2 m3 m470 k2.1 m(750 k)2.5 m2.8 m
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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

Silver Spring's Web-traffic and Trends

Silver Spring Online and Social Media Presence

Silver Spring Company Life and Culture

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