Control4 Corporation announced unaudited consolidated earnings results for the first quarter ended March 31, 2018. Revenue for the first quarter was $59,149,000 against $50,208,000 a year ago. Income from operations was $971,000 against loss of $1,859,000 a year ago. Income before income taxes was $850,000 against loss of $1,965,000 a year ago. Net income was $966,000 or $0.04 per basic and diluted share against $821,000 or $0.03 per basic and diluted share a year ago. Net cash provided by operating activities was $469,000 against $2,459,000 a year ago. Purchases of property and equipment were $892,000 against $922,000 a year ago. Non-GAAP net income was $5,763,000 or $0.21 per diluted share against $3,020,000 or $0.12 per diluted share a year ago.

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.