Silver Spring Networks (SSNI) Tops Q2 EPS by 7c

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Go back to Silver Spring Networks (SSNI) Tops Q2 EPS by 7c

Silver Spring Networks Reports Second Quarter 2016 Financial Results

August 4, 2016 4:13 PM EDT

Solid Execution and Footprint Growth
AMI Award From Major U.S. Integrated Utility

SAN JOSE, Calif.--(BUSINESS WIRE)-- Silver Spring Networks, Inc. (NYSE: SSNI) today announced financial results for its second quarter ended June 30, 2016.

Second Quarter Results (all comparisons made are against the prior year period, unless otherwise stated)

GAAP Results:

Revenue was $122.0 million, up 58%. Gross margin was 52.9%, versus 25.9%. Net income was $26.1 million versus a net loss of ($16.2) million.... More