Silver Spring Networks (SSNI) Posts Q3 Loss of $0.47/Share
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Silver Spring Networks Reports Third Quarter 2017 Financial Results
November 8, 2017 4:15 PM UTCSAN JOSE, Calif.--(BUSINESS WIRE)-- Silver Spring Networks, Inc. (NYSE: SSNI) today announced financial results for its third quarter ended September 30, 2017.
Third Quarter Financial Highlights (all comparisons made are against the prior year period, unless otherwise stated):
GAAP results:
Revenue was $47.6 million, down 35.9% year-over-year. Cost of revenue was $33.8 million, or 71.0% of revenue, versus $45.9 million or 61.9% in the third quarter of 2016. Operating expense was $40.6 million, versus $42.5 million in the third quarter of 2016. Net loss per... More