Control4 Corporation Announces Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2018; Provides Earnings Guidance for the Second Quarter of 2018
The company expects revenue in the second quarter of 2018 to be between $67.0 million and $69.0 million. Control4 expects non-GAAP Net Income for the second quarter of 2018 to be between $8.3 million and $9.3 million and based on an expected 27.5 million weighted average shares outstanding (diluted), to be between $0.30 and $0.34 per diluted share. Control4 expects revenue for the full year 2018 to be between $271 million and $275 million. Control4 expects Non-GAAP Net Income to be between $34.8 million and $36.8 million and based on an expected 27.7 million weighted average shares outstanding (diluted), to be between $1.26 and $1.33 per diluted share.