Silver Spring Networks (SSNI) Misses Q4 EPS by 29c
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Silver Spring Networks Reports Fourth Quarter and Full Year 2016 Financial Results
February 21, 2017 4:10 PM ESTSAN JOSE, Calif.--(BUSINESS WIRE)-- Silver Spring Networks, Inc. (NYSE: SSNI) today announced preliminary financial results for its fourth quarter and full year ended December 31, 2016.
Fourth Quarter Financial Highlights (all comparisons made are against the prior year period, unless otherwise stated):
GAAP results:
Revenue was $66.3 million, versus $199.2 million. Cost of revenue was $37.8 million, or 57.1% of revenue, versus $97.9 million or 49.1%. Operating expense was $41.9 million, versus $35.6 million. Tax expense was $0.2 million. Other income (expense) was ($0.2)... More