Silver Spring Networks (SSNI) Tops Q3 EPS by 8c
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Silver Spring Networks Reports Third Quarter 2016 Financial Results
November 3, 2016 4:11 PM EDT
Solid Execution and Footprint Growth
New Awards Announced
Today
SAN JOSE, Calif.--(BUSINESS WIRE)-- Silver Spring Networks, Inc. (NYSE: SSNI) today announced financial results for its third quarter ended September 30, 2016.
Third Quarter Results (all comparisons made are against the prior year period, unless otherwise stated):
GAAP Results:
Revenue was $74.2 million, up 7%. Gross margin was 38.1%, versus 47.5%. Net loss was ($15.2) million versus a net loss of ($0.6) million. Net loss per diluted share was ($0.29) versus a ($0.01)... More