Control4 (CTRL) Tops Q1 EPS by 9c
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Control4 Reports Continued, Strong Financial Results for the First Quarter of 2017
May 4, 2017 4:05 PM EDTConnected-Home Momentum and Continued Operational Focus Drive Financial Results
SALT LAKE CITY--(BUSINESS WIRE)-- Control4 Corporation (NASDAQ: CTRL), a leading global provider of smart-home and networking solutions, today announced financial results for its first quarter ended March 31, 2017.
Revenue for the first quarter of 2017 was $50.2 million, compared to revenue of $43.0 million for the first quarter of 2016, representing year-over-year growth of 16.7%. On February 27, 2017, Control4 acquired Triad Holdings, Inc. (Triad) for a purchase price of $9.6 million. Excluding post-acquisition Triad product sales of $1.0 million, year-over-year first quarter revenue growth was 14.3%.
Net income... More
