Control4 Corporation (NASDAQ:CTRL) Q1 2018 Earnings Conference Call - Final Transcript

May 03, 2018 • 05:00 pm ET

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Control4 Corporation (NASDAQ:CTRL) Q1 2018 Earnings Conference Call - Final Transcript

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Presentation
Executive
Mark Novakovich

outstanding to be between $0.30 and $0.34 per 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-GAAP adjustments are inherently difficult to forecast, whereas others relate to the amortization or expensing of items tied to historical events. That said, our earnings release posted earlier today includes a detailed list of non-GAAP adjustments and a reconciliation between GAAP net income and non-GAAP net 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.