Stock Monitor: CPS Technologies Post Earnings Reporting
LONDON, UK / ACCESSWIRE / March 13, 2018 / Active-Investors.com has just released a free earnings report on Control4 Corp. (NASDAQ: CTRL). If you want access to this report all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/'symbol=CTRL. The Company reported its fourth quarter fiscal 2017 and full fiscal year 2017 operating and financial results on February 08, 2018. The provider of in-home automation and control services outperformed top- and bottom-line expectations, and provided guidance for the upcoming quarter and full fiscal year. Register today and get access to over 1000 Free Research Reports by joining our site below:
www.active-investors.com/registration-sg
Active-Investors.com is currently working on the research report for CPS Technologies Corporation (NASDAQ: CPSH), which also belongs to the Technology sector as the Company Control4. Do not miss out and become a member today for free to access this upcoming report at:
www.active-investors.com/registration-sg/'symbol=CPSH
Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you. This morning, Control4 most recent news is on our radar and our team decided to put out a fantastic report on the company that is now available for free below:
www.active-investors.com/registration-sg/'symbol=CTRL
Earnings Highlights and Summary
For the fourth quarter of the fiscal year 2017, Control4's revenues were $68.3 million compared to $57.4 million in Q4 2016, representing a y-o-y growth of 19%, including approximately $4.3 million of Triad product sales, which the Company acquired on February 27, 2017. Control4's revenue numbers beat analysts' estimates by $1.15 million.
During Q4 2017, Control4's revenues from the sale of controllers increased 6% on a y-o-y basis. On a unit basis, the Company shipped 30,083 controllers during the reported quarter compared to 29,332 shipped in the year ago same period.
For the twelve months ended December 31, 2017, Control4's total revenues advanced 17% to $244.7 million from $208.8 million, including $12.6 million from the sale of Triad Speaker products.
Control4's net income was $6.1 million, or $0.22 per diluted share, in Q4 2017 compared to $4.0 million, or $0.16 per diluted share, in Q4 2016. The Company's non-GAAP net income was $11.1 million, or $0.40 per diluted share, in the reported quarter versus $7.8 million, or $0.31 per diluted share, in the prior year's comparable quarter. Control4's earnings beat Wall Street's estimates of $0.34 per share.
For FY17, Control4's net income was $16.0 million, or $0.60 per diluted share, compared to $13.0 million, or $0.53 per diluted share, in FY16. The Company's non-GAAP net income was $32.1 million, or $1.20 per diluted share, in FY17 compared to $20.6 million, or $0.85 per diluted share, in FY16.
Cash Matters
Control4's unrestricted cash and net investments increased to $86.0 million as of December 31, 2017, compared to $71.7 million as of September 30, 2017, and $61.9 million as of December 31, 2016. This increase reflects free cash flow generation of $11.1 million and $5.7 million received from stock options exercised during the reported quarter.
On February 06, 2018, Control4's Board of Directors approved the expansion of its share buy-back program, enabling the repurchase of up to $20 million in its stock from time to time in the open market during the Company's open trading windows between now and the end of May 2019.
Outlook
For the first quarter of the fiscal year 2018, which is the seasonally the lowest quarter each year, Control4 expects revenues to be between $56.5 million and $58.5 million. The Company is estimating non-GAAP net income to be between $3.5 million and $4.5 million, or $0.12 and $0.16 per diluted share, for the upcoming quarter.
For the full fiscal year 2018, Control4 is projecting revenues to be between $270 million and $274 million. The Company is estimating non-GAAP net income to be in the range of $33.5 million and $35.5 million, or between $1.19 and $1.26 per diluted share.
Stock Performance Snapshot
March 12, 2018 - At Monday's closing bell, Control4's stock slightly fell 0.59%, ending the trading session at $25.31.
Volume traded for the day: 281.12 thousand shares.
Stock performance in the last month - up 0.44%; and past twelve-month period - up 70.67%
After yesterday's close, Control4's market cap was at $646.90 million.
Price to Earnings (P/E) ratio was at 27.78.
The stock is part of the Technology sector, categorized under the Diversified Electronics industry. This sector was up 0.3% at the end of the session.
Active-Investors:
Active-Investors (A-I) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and Canadian stocks. A-I has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.
A-I has not been compensated; directly or indirectly; for producing or publishing this document.
PRESS RELEASE PROCEDURES:
The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third-party research service company (the "Reviewer") represented by a credentialed financial analyst [for further information on analyst credentials, please email info@active-investors.com. Rohit Tuli, a CFA® charterholder (the "Sponsor"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable-effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by A-I. A-I is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.
NO WARRANTY
A-I, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. A-I, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, A-I, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.
NOT AN OFFERING
This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither A-I nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visithttp://active-investors.com/legal-disclaimer/.
CONTACT
For any questions, inquiries, or comments reach out to us directly. If you're a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:
Email: info@active-investors.com
Phone number: 73 29 92 6381
Office Address: 6, Jalan Kia Peng, Kuala Lumpur, 50450 Kuala Lumpur, Wilayah Persekutuan Kuala Lumpur, Malaysia
CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.
SOURCE: Active-Investors
