Silver Spring Networks (SSNI) Repors Q1 Loss Per Share of 44c
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Silver Spring Networks Reports First Quarter 2017 Financial Results
May 9, 2017 4:10 PM EDTSAN JOSE, Calif.--(BUSINESS WIRE)-- Silver Spring Networks, Inc. (NYSE: SSNI) today announced preliminary financial results for its first quarter ended March 31, 2017.
First Quarter Financial Highlights (all comparisons made are against the prior year period, unless otherwise stated):
GAAP results:
Revenue was $50.3 million, versus $48.6 million. Cost of revenue was $33.4 million, or 66.4% of revenue, versus $31.6 million or 65.0%. Operating expense was $40.1 million, versus $35.9 million. Tax expense was $0.6 million. Other income (expense) was $0.5 million.... More