Last $9.95 USD
Change Today -0.09 / -0.90%
Volume 108.8K
SSNI On Other Exchanges
Symbol
Exchange
New York
Frankfurt
As of 11:39 AM 08/21/14 All times are local (Market data is delayed by at least 15 minutes).

silver spring networks inc (SSNI) Key Developments

Silver Spring Networks, Inc. Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014; Provides Earnings Guidance for the Third Quarter and Full Year 2014

Silver Spring Networks, Inc. announced unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported net revenue of USD 41,607,000 against USD 103,510,000 a year ago. Operating loss was USD 24,672,000 against operating income of USD 9,982,000 a year ago. Loss before provision for income taxes was USD 24,587,000 against income before provision for income taxes of USD 9,798,000 a year ago. Net loss attributable to common stockholders was USD 24,591,000 against net income attributable to common stockholders of USD 9,470,000 a year ago. Diluted net loss per share attributable to common stockholders was USD 0.51 against diluted net income per share attributable to common stockholders of USD 0.19 a year ago. Non-GAAP net loss was USD 9,885,000 against USD 4,459,000 a year ago. Basic and diluted non-GAAP loss per share was USD 0.20 against USD 0.10 a year ago. Net cash used in operating activities was USD 3,395,000 against USD 14,048,000 a year ago. Purchases of property and equipment were USD 1,956,000 against USD 1,139,000 a year ago. Non-GAAP net revenue was USD 63,604,000 against USD 86,451,000 a year ago. The non-GAAP revenue was towards the higher end of its guidance and down as expected. Non-GAAP operating loss was USD 9,966,000 against USD 3,947,000 a year ago. Adjusted LBITDA was USD 8,547,000 against USD 2,306,000 a year ago. For the six months, the company reported net revenue of USD 85,836,000 against USD 157,213,000 a year ago. Operating loss was USD 51,843,000 against USD 29,592,000 a year ago. Loss before provision for income taxes was USD 51,795,000 against USD 54,504,000 a year ago. Net loss attributable to common stockholders was USD 52,398,000 against USD 159,896,000 a year ago. Basic and diluted net loss per share attributable to common stockholders was USD 1.09 against USD 5.58 a year ago. Non-GAAP net loss was USD 18,848,000 against USD 12,853,000 a year ago. Basic and diluted non-GAAP loss per share was USD 0.39 against USD 0.45 a year ago. Net cash used in operating activities was USD 6,655,000 against USD 22,961,000 a year ago. Purchases of property and equipment were USD 3,698,000 against USD 2,462,000 a year ago. For the full year of 2014, the company expects non-GAAP revenue of approximately USD 300 million, non-GAAP gross margin of approximately 35%. The company expects non-GAAP loss per share of approximately USD 0.30 and a full year share count of approximately 48 million. For the third quarter of 2014, the company expects non-GAAP revenue of approximately USD 65 million to USD 70 million, non-GAAP gross margins of approximately 30% to 32%. The company expects non-GAAP loss per share of approximately USD 0.18 to USD 0.22 and share count of approximately 49 million.

Silver Spring Networks, Inc. Expands Smart Infrastructure Partnership with EDMI Ltd

Silver Spring Networks, Inc. announced an expanded relationship with EDMI Ltd. to offer smart city and smart energy solutions in several new regions. Following the first phase of deployment with the Singapore Power Group, Silver Spring and EDMI will offer their integrated solutions in Australia and New Zealand, Europe and Southeast Asia. Through the expanded relationship, Silver Spring will also leverage EDMI devices as control nodes to help manage and monitor intelligent street lights as part of the Silver Spring Smart City Solution.

Silver Spring Networks, Inc. to Report Q2, 2014 Results on Aug 06, 2014

Silver Spring Networks, Inc. announced that they will report Q2, 2014 results at 5:00 PM, Eastern Standard Time on Aug 06, 2014

Silver Spring Networks, Inc., Q2 2014 Earnings Call, Aug 06, 2014

Silver Spring Networks, Inc., Q2 2014 Earnings Call, Aug 06, 2014

Silver Spring Networks, Inc. Presents at Canaccord Genuity 34th Annual Growth Conference, Aug-13-2014 04:30 PM

Silver Spring Networks, Inc. Presents at Canaccord Genuity 34th Annual Growth Conference, Aug-13-2014 04:30 PM. Venue: InterContinental Hotel, 510 Atlantic Avenue, Boston, MA 02210, United States. Speakers: James P. Burns, Chief Financial Officer and Executive Vice President.

 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup
Recently Viewed
SSNI:US $9.95 USD -0.09

SSNI Competitors

Market data is delayed at least 15 minutes.

Company Last Change
CalAmp Corp $18.46 USD -0.19
Echelon Corp $2.08 USD 0.00
Novatel Wireless Inc $1.98 USD -0.04
OPOWER Inc $16.30 USD 0.00
Sierra Wireless Inc C$28.94 CAD +0.09
View Industry Companies
 

Industry Analysis

SSNI

Industry Average

Valuation SSNI Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 1.9x
Price/Book NM Not Meaningful
Price/Cash Flow NM Not Meaningful
TEV/Sales 1.4x
 | 

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact SILVER SPRING NETWORKS INC, please visit . Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.