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.
Company Growth (employees)
Type
Public
HQ
San Jose, US
Founded
2002
Size (employees)
702 (est)+8%
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
San Antonio, US
1200 300 Convent St
Escondido, US
105 120 W Grand Ave
Chicago, US
4025 Willis Tower 233 S Wacker Dr

Silver Spring Data and Metrics

Silver Spring Financial Metrics

Silver Spring's revenue was reported to be $311 m in FY, 2016 which is a 36% decrease from the previous period.
USD

Revenue (FY, 2016)

311 m

Revenue growth (FY, 2015 - FY, 2016), %

(36%)

Gross profit (FY, 2016)

(172.5 b)

Gross profit margin (FY, 2016), %

(55464%)

Net income (FY, 2016)

(21.6 m)

EBIT (FY, 2016)

(19.9 b)

Market capitalization (23-Jun-2017)

609.4 m

Closing share price (23-Jun-2017)

11.5

Cash (31-Dec-2016)

50.4 m
Silver Spring's current market capitalization is $609.4 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%)

Operating expense total

157.1 m144.2 m142.8 m158.1 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)
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 m12.5 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

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
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)2.3 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)

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 Order Book 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

Patents Pending (foreign)

767468

Customers

454953

Network users

20 m22.9 m25.5 m

Patents (US)

7295110

Patents (foreign)

141155171

Patents Pending (US)

736261

Order Book

$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

Endpoints

698 k747 k569 k511 k

Network Users

25.5 m

Silver Spring Market Value History

Silver Spring Revenue Breakdown

Silver Spring Job Categories

Silver Spring Online and Social Media Presence

Silver Spring News and Updates

Silver Spring Company Life and Culture

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