Cowen Cuts Price Target on Control4 (CTRL) Following 3Q Growth Issues

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Go back to Cowen Cuts Price Target on Control4 (CTRL) Following 3Q Growth Issues

Control4 Announces Financial Results for Third Quarter 2015

October 29, 2015 4:05 PM EDT

13% Worldwide Core Business Growth Drives Quarterly Profitability and Cash Flow, Furthering Strong Balance Sheet and $2.8 Million Stock Repurchase

SALT LAKE CITY--(BUSINESS WIRE)-- Control4 Corporation (NASDAQ: CTRL), a leading provider of automation and control solutions for the connected home, today announced financial results for its third quarter ended September 30, 2015.

Revenue for the third quarter of 2015 was $43.6 million, compared to revenue of $39.1 million for the third quarter of 2014, representing a year-over-year growth rate of 11%. Revenue for the nine months ended September 30, 2015 was $120.3 million, representing a 12% increase from $107.6 million for the nine... More