Control4 Corp (CTRL) Files $60M IPO

Control4 Corporation (Nasdaq: CTRL) filed a registration with the U.S. Securities and Exchange Commission for an Initial Public Offering. The proposed maximum offering price is $60 million. The company plans to list on the Nasdaq Global Market under the ticker, "CTRL."

The offering is being made via BofA Merrill Lynch, Raymond James, Canaccord Genuity, Cowen and Company, and Needham & Company.

Brief financial picture from the company: "We generated revenue of $74.9 million, $93.4 million and $109.5 million in 2010, 2011 and 2012, respectively, and $26.6 million for the three months ended March 31, 2013. We had a net loss of $16.3 million, $3.9 million and $3.7 million in 2010, 2011 and 2012, respectively, and $1.5 million for the three months ended March 31, 2013."

Control4 is a leading provider of automation and control solutions for the connected home.

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