Silver Spring Networks (SSNI) Tops Q4 EPS by 1c
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Silver Spring Networks Reports Fourth Quarter Financial Results
February 16, 2016 4:18 PM UTC
$0.08 non-GAAP Earnings Per Share on $75 million Top-Line
47%
non-GAAP Gross Margin
$6.3 Million in Cash Flow from
Operations
REDWOOD CITY, Calif.--(BUSINESS WIRE)-- Silver Spring Networks, Inc. (NYSE: SSNI) today announced financial results for its fourth quarter and year ended December 31, 2015.
Fourth Quarter Results (all comparisons made are against the prior year period, unless otherwise stated)
Non-GAAP revenue $75.0 million, up 7%. GAAP revenue $199.2 million, up 157%. Non-GAAP gross margin 47.1%, versus 41.3%. GAAP gross margin 50.9%, versus 39.0%. Non-GAAP net... More