Control4 Corporation announced unaudited consolidated earnings results for the second quarter and half year ended June 30, 2016. For the quarter, revenue was $53,215,000 against $44,641,000 a year ago. Income from operations was $815,000 against $2,107,000 a year ago. Income before income taxes was $693,000 against $2,219,000 a year ago. Net income was $524,000 or $0.02 per basic and diluted common share against $2,041,000 or $0.08 per basic and diluted common share a year ago. Non-GAAP income from operations was $5,675,000 against $4,189,000 a year ago. Non-GAAP net income was $5,500,000 or $0.23 per diluted common share against $4,123,000 or $0.16 per diluted common share a year ago.

For the half year, revenue was $96,250,000 against $76,724,000 a year ago. Loss from operations was $2,526,000 against $2,265,000 a year ago. Loss before income taxes was $2,738,000 against $2,542,000 a year ago. Net income was $7,163,000 or $0.30 per diluted common share against net loss of $2,190,000 or $0.09 per basic and diluted common share a year ago. Net cash provided by operating activities was $175,000 against net cash used in operating activities of $2,601,000 a year ago. Purchases of property and equipment were $1,171,000 against $1,927,000 a year ago. Non-GAAP income from operations was $6,473,000 against $2,877,000 a year ago. Non-GAAP net income was $6,454,000 or $0.27 per diluted common share against $2,952,000 or $0.12 per basic and diluted common share a year ago.

The company expects revenue in third quarter 2016 to be between $52.5 million and $54.5 million. In addition, the company expects non-GAAP net income for third quarter 2016 to be between $4.7 million and $5.7 million, or between $0.19 and $0.23 per diluted share.

For the full year 2016, the company is raising its annual guidance to $202 million to $206 million for revenue, and $17 million to $19 million for non-GAAP net income, or non-GAAP EPS of $0.70 to $0.78 per diluted share.