Control4 Corporation (NASDAQ:CTRL) Q1 2018 Earnings Conference Call - Preliminary Transcript
May 03, 2018 • 05:00 pm ET
million and $9.3 million, or based on an expected 27.5 million fully diluted weighted average shares outstanding to be between $0.30 and $0.34 for fully diluted share.
For the full year of 2018, we expect revenue to be between $271 million and $275 million, and our non-GAAP net income to be between $34.8 million to $36.8 million or based on an expected average 27.7 million fully diluted weighted average shares outstanding during the year between $1.26 and $1.33 per fully diluted share.
Finally, and as a reminder Control4 does not provide forward guidance on GAAP net income because certain non gap adjustments are inherently difficult to forecast, whereas others relate to the amortization or expensing of items tied to historical events. That said our earnings released posted earlier today includes a detailed list of non-GAAP adjustments and a reconciliation between GAAP net income and non-GAAP that income for Q1, 2018, as well as our estimates of non-GAAP stock based compensation and the amortization of intangible assets reflected in our non-GAAP net income guidance for the second quarter of 2018.
We would now like to open the call for your questions.