Control4 Posts Revenue, Net Gains In Q4, Full Year

Cites home-automation awareness, integration with other CE brands
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Salt Lake City — Home-automation supplier Control4 posted strong percentage gains in revenue and net income in the fourth quarter and full fiscal year ending December.

In the fourth quarter of fiscal 2014, revenue rose 15 percent to $41.2 million, with full-year revenue rising 16 percent to $148.8 million.

Net income for the fourth quarter rose 70 percent to $3.9 million; it rose 124 percent to $8.2 million, from $3.5 million, for the full year.

Operating income rose 69 percent in the quarter to $2.46 million, and for the full year by 80 percent to $8.16 million.

Chairman/CEO Martin Plaehn attributed the gains to “the increasing awareness of the benefits of home automation” and more consumer electronics companies integrating Control4’s Simple Device Discovery Protocol into their products to enable control from Control4 home-automation systems.

“We are also advancing our solutions for existing homes and new construction through strategic relationships we have formed with homebuilders and our large and growing dealer network,” he added.

For fiscal 2013, the company posted a 17 percent gain in revenues to $128.5 million and net income of $3.5 million, which contrasted with a 2012 net loss of $3.7 million.

Yesterday, Control4 announced its $9 million purchase of multiroom-A/V supplier Leaf to put it into the distributed-video business.

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