Control4 Posts $2 Million Profit
Control4 said Friday that it posted a second quarter profit of $2 million, doubling the $1 million profit from the same period the year before. The performance came on slightly raised revenue of $36.7 million.
"We continue to drive operational execution and investment while also improving efficiency demonstrated by strong EPS growth," Martin Plaehn, chairman and chief executive officer of Control4, said as part of the announcement.
"We are seeing significant and encouraging market reception to our wireless and panelized lighting solutions and software in North America and the U.K. In parallel, we continue to advance our product development efforts and expect to be introducing exciting new software in the coming quarter."