Control4 Sees Sales Up, Income Down In Q3

Expands base of active North American dealers as custom market grows
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Control 4 revenues grew in the company’s fiscal third quarter ending September 30, but net income fell in the quarter, and the home control company posted a net loss for the first nine months of the year.

Control4’s core U.S. and international businesses posted revenue growth of 15 percent and 19 percent, respectively, driving up global core-business growth by 19 percent. Revenue growth would have been higher, however, if not for softness in the company’s non-core hospitality business, Control4 said.

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