Control4 Corporation (NASDAQ:CTRL)
Control4 Corporation (NASDAQ:CTRL) shares continue to move higher on the back of last Friday’s financial release. On Thursday, CTRL closed at $11.57 then Control4 Corporation released their quarterly financials and CTRL shares reached a high of $14.22. Today CTRL shares reached $15.81 – that represents a gain of over 35% from Thursday’s close. CTRL shares are up 13% so far in today’s trading.
Control4 Corporation (NASDAQ:CTRL) develops and commercializes products that turn your house into a smart home. They provide devices that connect your home’s music, video, lighting, temperature, communications, and home protection systems. Imagine the operating system of your computer – just as it serves as the broad platform to run many programs, Control4’s software performs the same functionality to your home’s systems.
4th quarter financial results were better than expected. Revenue was $57.4 million – a 34% YoY increase and above street estimates of $54.5 million. Adjusted EPS for CTRL was $0.31 besting last year’s same quarter which came in at $0.07 and above street estimates of $0.24.
Control4 Corporation (NASDAQ:CTRL), based in Salt Lake City, UT, has almost 5,000 retailers and distributors in 91 countries. In a call to shareholders, Control4 management stated that it believes it has penetrated 1.4% of the U.S. market for households with an annual income over $150,000.
Sales for Control4 Corporation (NASDAQ:CTRL) have steadily increased since 2012 when the company posted a figure of $109.5 million. In 2016 the company posted sales of $208.8 million. CTRL EPS has not been as bright for shareholders. Last year CTRL EPS was $0.55 which was better than the 2014 loss of $0.07 but only marginally better than the prior two years’ profits which were $0.33 and $0.34 respectively.
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