Step Forward for Control4: Bellwether for an Industry in Transition

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1Q 2014 | IN-1018802

 

Mainstream Home Automation Player Control4 Sees Strong Growth

NEWS


Having launched its IPO last year, Control4 is the publically traded face of home automation. Increasingly the company’s performance is seen as an indicator of the health of the broader smart home market. With its recent results, showing an ability to grow its operations and its income despite rising competition from cheaper as well as more expensive rivals, Control4 is providing insights into the wider market for automation.

Control4 Turns in First Yearly Profit in Years

IMPACT


In February, Control4 announced its 2013 fourth quarter and fiscal year results. Revenues and net income grew both in the quarter and throughout the year. Revenue for the fourth quarter was US$35.8 million, up 17% year-over-year. Revenue for the year ended December ...

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