Control4 Corporation reported unaudited consolidated earnings results for the fourth quarter and year ended December 31, 2017. For the quarter, the company reported revenue of $68,339,000 against $57,367,000 a year ago. Income from operations was $7,033,000 against $5,068,000 a year ago. Income before income taxes was $6,957,000 against $4,815,000 a year ago. Net income was $6,058,000 or $0.22 per diluted share against $4,014,000 or $0.16 per basic and diluted share a year ago. On non-GAAP basis, the company's income from operations was $11,363,000 against $8,776,000 a year ago. Net income was $11,090,000 or $0.40 per diluted share against $7,762,000 or $0.31 per basic and diluted share a year ago.

For the year, the company reported revenue of $244,725,000 against $208,802,000 a year ago. Income from operations was $14,106,000 against $4,712,000 a year ago. Income before income taxes was $14,437,000 against $4,170,000 a year ago. Net income was $15,979,000 or $0.60 per diluted share against $12,954,000 or $0.53 per basic and diluted share a year ago. Net cash provided by operating activities was $27,490,000 against $17,955,000 a year ago. Purchases of property and equipment were $3,952,000 against $2,682,000 a year ago. On non-GAAP basis, the company's income from operations was $31,958,000 against $21,763,000 a year ago. Net income was $32,118,000 or $1.20 per diluted share against $20,643,000 or $0.85 per diluted share a year ago.

For the first quarter of 2018, the company expects revenue in the first quarter of 2018, which is the seasonally low quarter each year, to be between $56.5 million and $58.5 million. The company expected non-GAAP net income for the first quarter of 2018 to be between $3.5 million and $4.5 million, and based on an expected 27.9 million weighted average shares outstanding (diluted), to be between $0.12 and $0.16 per diluted share.

For the full year 2018, the company expects revenue for the full year 2018 to be between $270 million and $274 million. The company expected Non-GAAP net income to be between $33.5 million and $35.5 million, and based on an expected 28.3 million weighted average shares outstanding (diluted), to be between $1.19 and $1.26 per diluted share.