Last $10.15 USD
Change Today 0.00 / 0.00%
Volume 132.0K
As of 6:40 PM 08/28/14 All times are local (Market data is delayed by at least 15 minutes).

silver spring networks inc (SSNI) Snapshot

Open
$10.15
Previous Close
$10.15
Day High
$10.26
Day Low
$10.02
52 Week High
01/16/14 - $23.61
52 Week Low
08/8/14 - $9.05
Market Cap
491.2M
Average Volume 10 Days
193.1K
EPS TTM
$-1.34
Shares Outstanding
48.4M
EX-Date
--
P/E TM
--
Dividend
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Dividend Yield
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Current Stock Chart for SILVER SPRING NETWORKS INC (SSNI)

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silver spring networks inc (SSNI) Details

Silver Spring Networks, Inc. provides networking platform and solutions that enable utilities to transform the power grid infrastructure into the smart grid. The company’s networking platform provides two-way communication between the utility back office and devices on the power grid. Its networking platform consists of hardware, such as access points and relays, as well as UtilOS, a network operating software, and GridScape management and security software. The company’s analytic platform enables its customers to use the data generated by devices on the network to provide insights for decision making. It also offers various solutions, including advanced metering solution, which provides utilities with two-way communication, enabling utilities to perform functions, such as reading meter usage, capturing time-of-use consumption data, connecting and disconnecting service, and detecting power outages; distribution automation solution that provides two-way communication from distribution devices along the power grid to the back office or substations, providing utilities with real-time information for grid monitoring and control; demand-side management consisting of energy efficiency solutions, demand response, and electric vehicle charging solutions; and street light solutions. In addition, the company provides professional services that include network design and optimization, deployment support, software and systems integration, program management, consulting, and training services; managed services and software as a service; and technical, network, and product support at various service levels. It operates in the United States, Canada, Australia, New Zealand, South America, Asia, and Europe. The company was formerly known as Real Time Techcomm, Inc. and changed its name to Silver Spring Networks, Inc. in August 2002. Silver Spring Networks, Inc. was founded in July 2002 and is headquartered in Redwood City, California.

639 Employees
Last Reported Date: 08/12/14
Founded in 2002

silver spring networks inc (SSNI) Top Compensated Officers

Chairman, Chief Executive Officer and Preside...
Total Annual Compensation: $533.3K
Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: $128.7K
Vice Chairman and Executive Vice President
Total Annual Compensation: $400.0K
Executive Vice President of Global Sales
Total Annual Compensation: $300.0K
Compensation as of Fiscal Year 2013.

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

 

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TEV/Sales 1.4x
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