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Control4 Posts Q3 Gains, Adds D&M’s Caudill To Board [TWICE] - ResidentialSystems.com

Control4 Posts Q3 Gains, Adds D&M’s Caudill To Board [TWICE]

Home-automation supplier Control4 posted sales and net income gains in the third quarter and added D&M Holdings executive James Caudill to its board of directors.
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Home-automation supplier Control4 posted sales and net income gains in the third quarter and added D&M Holdings executive James Caudill to its board of directors.

Third-quarter revenue grew 16 percent year-over-year to $39.1 million and by 16 percent for the nine-month period to $107.6 million. Net income grew 65 percent to $2.8 million in the quarter and by 250 percent to $4.2 million for the nine-month period.

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. 

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