Control4 (CTRL) Tops Q1 EPS by 9c

Control4 (NASDAQ: CTRL) reported Q1 EPS of $0.12, $0.09 better than the analyst estimate of $0.03. Revenue for the quarter came in at $50.2 million versus the consensus estimate of $47.29 million.

Q2 and Full-Year 2017 Guidance

Control4 expects revenue in the second quarter of 2017 to be between $59.5 and $61.5 million, which includes expected revenue of approximately $2.5 million from recently-acquired Triad. Control4 expects non-GAAP net income for the second quarter of 2017 to be between $5.6 and $6.7 million, or, based on an expected 26.2 million weighted average shares outstanding (diluted), between $0.21 and $0.25 per diluted share. Control4 expects revenuefor the full year 2017 to be between $239.5 and $243.5 million. Control4 expects non-GAAPnet income to be between $24 and $26 million, or, based on an expected 26.4 million weighted average shares outstanding (diluted), between $0.92 and $0.99 per diluted share.

Control4 does not provide forward guidance on GAAP net income because certain non-GAAP adjustments are inherently difficult to forecast, whereas others relate to the amortization or expensing of items tied to historical events. For the second quarter of 2017, we expect non-GAAP adjustments for stock compensation expense and amortization of intangible assets to be between $2.8 and $3.1 million, and between $1.2 and $1.4 million, respectively.

For earnings history and earnings-related data on Control4 (CTRL) click here.

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