Silver Spring Networks (SSNI) Tops Q1 EPS by 7c
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Silver Spring Networks Reports First Quarter 2016 Financial Results
May 9, 2016 4:06 PM UTC$0.02 non-GAAP Earnings Per Share on $68.9 million Top-Line
43.7% non-GAAP Gross Margin
High Profile Smart Grid and Starfish Awards
REDWOOD CITY, Calif.--(BUSINESS WIRE)-- Silver Spring Networks, Inc. (NYSE: SSNI) today announced financial results for its first quarter ended March 31, 2016.
First Quarter Results (all comparisons made are against the prior year period, unless otherwise stated)
Non-GAAP revenue was $68.9 million, up 9%. GAAP revenue was $48.6 million, down 66%. Non-GAAP gross margin was 43.7%, versus 40.3%.... More