Silver Spring Networks to Host Conference Call to Discuss Changes to its non-GAAP Financial Reporting on February 13
February 10 2017 - 4:15PM
Business Wire
Silver Spring Networks, Inc. (NYSE: SSNI), a leading networking
platform and solutions provider for the Internet of Important
Things™, today announced that it will host an informational call
with investors to discuss changes it will make to its non-GAAP
financial reporting in future earnings reports. The conference call
will begin at 2:00 PM Pacific time on Monday, February 13, 2017.
Silver Spring Networks will post materials today related to this
change to its website at: http://ir.ssni.com.
On May 17, 2016, the Staff of the United States Securities and
Exchange Commission (the “SEC”) updated their Compliance &
Disclosure Interpretations (“C&DIs”) related to the use of
publicly reported non-GAAP financial measures. After continued
consideration of the C&DIs, Silver Spring Networks has
determined to further modify the way in which it reports its
non-GAAP financial results, beyond the revisions it made beginning
with its second quarter ended June 30, 2016 report.
Silver Spring Networks will continue to report billings, cost of
billings and non-GAAP operating expense, and will also provide the
additional GAAP measures used internally by management to adjust
GAAP measures to arrive at the company’s previously-reported
non-GAAP metrics. Silver Spring Networks is not changing the way it
manages its business, makes planning decisions, evaluates
performance or allocates is resources, but rather is changing the
presentation of its financial reports.
Silver Spring Networks will not be discussing any business or
financial results on this call. Silver Spring Networks will report
its fourth quarter and full year ending December 31, 2016 results
on February 21, 2017 as previously announced.
Call to Discuss Changes to non-GAAP
Financial ReportingDate: February 13, 2017Time: 2:00 P.M.
Pacific TimeDomestic dial-in: 877-407-0832International dial-in:
201-689-8433
Audio
Webcasthttp://ir.ssni.com
A dial-in replay of the conference call will be available until
April 3, 2017 and can be accessed at 877-660-6853 (domestic) or
201-612-7415 (international) passcode 13654303.
An audio webcast replay of the conference call will be available
for one year at
http://ir.ssni.com/investor/events-and-presentations.
About Silver Spring Networks
Silver Spring Networks enables the Internet of Important Things™
by reliably and securely connecting things that matter. Cities,
utilities, and companies on five continents use the company’s
cost-effective, high-performance IoT network and data platform to
operate more efficiently, get greener, and enable innovative
services that can improve the lives of millions of people. With
more than 24.9 million devices delivered, Silver Spring provides a
proven standards-based platform safeguarded with military grade
security. Silver Spring Networks’ customers include Baltimore Gas
& Electric, CitiPower & Powercor, ComEd, Consolidated
Edison, CPS Energy, Florida Power & Light, Pacific Gas &
Electric, Pepco Holdings, and Singapore Power. Silver Spring has
also deployed networks in Smart Cities including Copenhagen,
Glasgow, Paris, Providence, and Stockholm. To learn more, please
visit www.ssni.com.
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version on businesswire.com: http://www.businesswire.com/news/home/20170210005552/en/
Silver Spring Networks, Inc.Mark McKechnie, 669-770-4664Investor
Relationsmmckechnie@ssni.comorAmy Nunnemacher,
669-770-4183Global Communicationsacook@ssni.com
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