Silver Spring Networks (SSNI) Reports Q2 EPS of $0.34
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Silver Spring Networks Reports Second Quarter 2017 Financial Results
August 8, 2017 4:10 PM EDTSAN JOSE, Calif.--(BUSINESS WIRE)-- Silver Spring Networks, Inc. (NYSE: SSNI) today announced preliminary financial results for its second quarter ended June 30, 2017.
Second Quarter Financial Highlights (all comparisons made are against the prior year period, unless otherwise stated):
GAAP results:
Revenue was $261.6 million, up 114.5% year-over-year. Cost of revenue was $205.0 million, or 78.4% of revenue, versus $57.4 million or 47.1% in the second quarter of 2016. Operating expense was $38.3 million including a $1.2 million restructuring charge, versus $37.8 million in the second quarter of 2016.... More