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Computer Based Systems
Silver Spring Networks, Inc. is a public company that is listed on the New York Stock Exchange (NYSE) under the ticker symbol "SSNI". The company is a technology and networking company that provides smart grid products and services to the utility industry.
Here are some general information and key metrics for Silver Spring Networks, Inc.:
* Founded: 2002
* Headquarters: Redwood City, California, USA
* Industry: Technology and Utility
* Traded on: New York Stock Exchange (NYSE)
* Ticker Symbol: SSNI
* Sector: Utilities
* Market Capitalization: Around $1.4 Billion
* Enterprise Value: Around $1.7 Billion
Financial Highlights (Q2 2022)
* Revenue: $63.6 million
* GAAP Net Loss: $(10.6) million
* Non-GAAP Net Loss: $(4.6) million
* Adjusted EBITDA: $5.7 million
* Cash and Cash Equivalents: $117.1 million
Key Metrics:
* Smart Meters deployed: Over 22 million
* Utility customers: Over 60
* Countries served: Over 10
* Patents: Over 200 issued and pending patents
Growth and Development:
* Silver Spring Networks has been growing its revenue steadily over the past few years, with a 5-year annual revenue growth rate of around 20%.
* The company has also been expanding its customer base and has signed contracts with several major utility companies.
* SSNI has also been investing in Research and Development to improve its smart grid technology and expand its product offerings.
Earnings:
* Silver Spring Networks' earnings have been inconsistent in the past, but the company has been focusing on improving its profitability.
* The company has been investing in cost-cutting measures and has been implementing restructuring plans to improve its bottom line.
* Analysts expect the company's earnings to improve in the coming years as it continues to grow its revenue and reduce costs.
It's important to keep in mind that the financial performance of a company can change over time and may be affected by various factors such as the overall state of the economy, industry trends, and internal decisions made by the company. Therefore, it's always a good idea to do your own research and consult with financial advisors before making any investment decisions.