Control4 Corp Income Statement - Real Clear Investing - You World of Transparent Investing

Selected Quarter:

31-Mar
2019

Gross receipts in the form of cash (great!) and promises to pay (Account Receivables - not so great as some of them will never be collected but reality of business!) from all its customers

	2014 30-Jun	2014 30-Sep	2014 31-Dec	2015 31-Mar	2015 30-Jun	2015 30-Sep	2015 31-Dec	2016 31-Mar	2016 30-Jun	2016 30-Sep	2016 31-Dec	2017 31-Mar	2017 30-Jun	2017 30-Sep	2017 31-Dec	2018 31-Mar	2018 30-Jun	2018 30-Sep	2018 31-Dec	Selected Quarter: 2019 31-Mar	Last Twelve Months LTM 2019 31-Mar	Last Quarter Annualized LQA 2019 31-Mar
Total Revenue	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	61,252	64,583	68,132	59,149	69,228	71,594	72,487	60,425	273,734	241,700

Selected Quarter:

31-Mar
2019

Cost (labor, materials, depreciation, overhead, etc) for delivering service or manufacturing a product that business sells

105.0%

	2014 30-Jun	2014 30-Sep	2014 31-Dec	2015 31-Mar	2015 30-Jun	2015 30-Sep	2015 31-Dec	2016 31-Mar	2016 30-Jun	2016 30-Sep	2016 31-Dec	2017 31-Mar	2017 30-Jun	2017 30-Sep	2017 31-Dec	2018 31-Mar	2018 30-Jun	2018 30-Sep	2018 31-Dec	Selected Quarter: 2019 31-Mar	Last Twelve Months LTM 2019 31-Mar	Last Quarter Annualized LQA 2019 31-Mar
Cost of revenue	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	29,993	31,520	33,658	28,410	32,866	34,484	34,695	31,142	133,187	124,568
Gross profit	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	31,259	33,063	34,474	30,739	36,362	37,110	37,792	29,283	140,547	117,132
Sales and marketing	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	11,943	12,692	11,743	12,535	12,553	13,520	12,226	13,342	51,641	53,368
Research and development	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	10,055	10,347	10,392	10,940	10,511	11,144	11,010	11,817	44,482	47,268
General and administrative	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	5,587	5,109	5,513	6,293	6,328	6,913	6,865	7,117	27,223	28,468
Litigation settlement	45,679	45,679	45,679	45,679	45,679	45,679	-	45,679	45,679	45,679	45,679	-	-	-	-	-	-	-	-	-	-	-
Other expenses	-	-	-	45,679	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total operating expenses	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	$27,585	$28,148	$27,648	$29,768	$29,392	$31,577	$30,101	$32,276	$123,346	$129,104

Selected Quarter:

31-Mar
2019

Income after excluding Operating Expenses from Total Revenue

5.0%

Key metric that shows earnings potential of the company's business model

	2014 30-Jun	2014 30-Sep	2014 31-Dec	2015 31-Mar	2015 30-Jun	2015 30-Sep	2015 31-Dec	2016 31-Mar	2016 30-Jun	2016 30-Sep	2016 31-Dec	2017 31-Mar	2017 30-Jun	2017 30-Sep	2017 31-Dec	2018 31-Mar	2018 30-Jun	2018 30-Sep	2018 31-Dec	Selected Quarter: 2019 31-Mar	Last Twelve Months LTM 2019 31-Mar	Last Quarter Annualized LQA 2019 31-Mar
Operating income	$45,679	$45,679	$45,679	$45,679	$45,679	$45,679	$45,679	$45,679	$45,679	$45,679	$45,679	$45,679	$3,674	$4,915	$6,826	$971	$6,970	$5,533	$7,691	($2,993)	$17,201	($11,972)

Selected Quarter:

31-Mar
2019

Cost usually unrelated to delivering service or manufacturing a product that business sells

0.1%

	2014 30-Jun	2014 30-Sep	2014 31-Dec	2015 31-Mar	2015 30-Jun	2015 30-Sep	2015 31-Dec	2016 31-Mar	2016 30-Jun	2016 30-Sep	2016 31-Dec	2017 31-Mar	2017 30-Jun	2017 30-Sep	2017 31-Dec	2018 31-Mar	2018 30-Jun	2018 30-Sep	2018 31-Dec	Selected Quarter:	Last Twelve Months LTM 2019 31-Mar	Last Quarter Annualized LQA 2019 31-Mar
Other expense or income	45,679	45,679	45,679	-	45,679	45,679	45,679	45,679	45,679	45,679	45,679	-	248	79	(261)	(357)	(425)	(82)	(674)	(87)	(1,268)	(348)
Other expense net	-	-	-	-	-	-	-	-	-	-	-	45,679	-	-	-	-	-	-	-	-	-	-
Total non-operating income (expense)	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	248	79	(261)	(357)	(425)	(82)	(674)	(87)	(1,268)	(348)

Selected Quarter:

31-Mar
2019

Income after excluding Operating and Non-operating Expenses from Total Revenue

5.1%

Another income metric but unlike Operating Income it is closer to the ultimate income metric - Net Income by removing expenses that are not related to earning Revenue as they are supposed to be accidental and transitory

	2014 30-Jun	2014 30-Sep	2014 31-Dec	2015 31-Mar	2015 30-Jun	2015 30-Sep	2015 31-Dec	2016 31-Mar	2016 30-Jun	2016 30-Sep	2016 31-Dec	2017 31-Mar	2017 30-Jun	2017 30-Sep	2017 31-Dec	2018 31-Mar	2018 30-Jun	2018 30-Sep	2018 31-Dec	Selected Quarter: 2019 31-Mar	Last Twelve Months LTM 2019 31-Mar	Last Quarter Annualized LQA 2019 31-Mar
EBIT	$45,679	$45,679	$45,679	$45,679	$45,679	$45,679	$45,679	$45,679	$45,679	$45,679	$45,679	$45,679	$3,922	$4,994	$6,565	$614	$6,545	$5,451	$7,017	($3,080)	$15,933	($12,320)

Selected Quarter:

31-Mar
2019

Expenses driven mostly by company management's choices, nature of business (capital intensive vs not) about financing (debt vs equity) and legal structure

1.8%

	2014 30-Jun	2014 30-Sep	2014 31-Dec	2015 31-Mar	2015 30-Jun	2015 30-Sep	2015 31-Dec	2016 31-Mar	2016 30-Jun	2016 30-Sep	2016 31-Dec	2017 31-Mar	2017 30-Jun	2017 30-Sep	2017 31-Dec	2018 31-Mar	2018 30-Jun	2018 30-Sep	2018 31-Dec	Selected Quarter: 2019 31-Mar	Last Twelve Months LTM 2019 31-Mar	Last Quarter Annualized LQA 2019 31-Mar
Interest expense and income	-	-	-	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	61	125	185	236	256	327	403	344	1,330	1,376
Interest expense	45,679	45,679	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total other expense or income	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	309	204	(76)	(121)	(169)	245	(271)	257	62	1,028
Income before income taxes	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	3,983	5,119	6,750	850	6,801	5,778	7,420	(2,736)	17,263	(10,944)
Income tax expense or benefit	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	242	85	891	(116)	161	67	(23,103)	(766)	(23,641)	(3,064)

Selected Quarter:

31-Mar
2019

Ultimate measure of Income - Net result after excluding all expenses from Total Revenue

3.3%

It is a residue that is left from Total Revenue after paying all kind of expenses and belongs to all equity holders in the company. Some of these shareholders such Non-controlling interest or Preferred equity gets their share before Common shareholders

	2014 30-Jun	2014 30-Sep	2014 31-Dec	2015 31-Mar	2015 30-Jun	2015 30-Sep	2015 31-Dec	2016 31-Mar	2016 30-Jun	2016 30-Sep	2016 31-Dec	2017 31-Mar	2017 30-Jun	2017 30-Sep	2017 31-Dec	2018 31-Mar	2018 30-Jun	2018 30-Sep	2018 31-Dec	Selected Quarter: 2019 31-Mar	Last Twelve Months LTM 2019 31-Mar	Last Quarter Annualized LQA 2019 31-Mar
Net income (loss)	$45,679	$45,679	$45,679	$45,679	$45,679	$45,679	$45,679	$45,679	$45,679	$45,679	$45,679	$45,679	$3,741	$5,034	$5,859	$966	$6,640	$5,711	$30,523	($1,970)	$40,904	($7,880)

Basic shares outstanding as of certain dates reported by Company on its annual and quarterly filings, these numbers are NOT used calculation of basic EPS. They help to see share issuance by company in perspective

	2014 24-Jul	2014 24-Oct	2015 10-Feb	2015 23-Apr	2015 23-Jul	2016 09-Feb	2016 29-Apr	2016 29-Jul	2016 28-Oct	2017 10-Feb	2017 28-Apr	2017 28-Jul	2017 27-Oct	2018 09-Feb	2018 27-Apr	2018 27-Jul	2018 26-Oct	2019 07-Feb	2019 03-May	2019 03-May	2019 03-May
Common	45,678,795	45,678,795	45,678,795	45,678,795	45,678,795	45,678,795	45,678,795	45,678,795	45,678,795	45,678,795	45,678,795	45,678,795	24,855,661	25,266,497	25,833,471	26,009,357	26,095,635	26,708,202	26,520,482	26,660,960	26,660,960	26,660,960

Selected Quarter:

31-Mar
2019

Net Income / Shares Outstanding = EPS before dilution or Basic EPS; Net Income/ ( Shares Outstanding + potentially available shares from conversion of various option instruments)

	2014 30-Jun	2014 30-Sep	2014 31-Dec	2015 31-Mar	2015 30-Jun	2015 30-Sep	2015 31-Dec	2016 31-Mar	2016 30-Jun	2016 30-Sep	2016 31-Dec	2017 31-Mar	2017 30-Jun	2017 30-Sep	2017 31-Dec	2018 31-Mar	2018 30-Jun	2018 30-Sep	2018 31-Dec	Selected Quarter: 2019 31-Mar	Last Twelve Months LTM 2019 31-Mar	Last Quarter Annualized LQA 2019 31-Mar
Net Income per basic share	$45,678,795.00	$45,678,795.00	$45,678,795.00	$45,678,795.00	$45,678,795.00	$45,678,795.00	$45,678,795.00	$45,678,795.00	$45,678,795.00	$45,678,795.00	$45,678,795.00	$45,678,795.00	$0.15	$0.20	$0.23	$0.04	$0.25	$0.22	$1.16	($0.07)	$1.56	($0.28)
Net Income per diluted share	$45,678,795.00	$45,678,795.00	$45,678,795.00	$45,678,795.00	$45,678,795.00	$45,678,795.00	$45,678,795.00	$45,678,795.00	$45,678,795.00	$45,678,795.00	$45,678,795.00	$45,678,795.00	$0.14	$0.19	$0.22	$0.04	$0.24	$0.21	$1.12	($0.07)	$1.50	($0.28)

Control4 Corp

Short Description

Income Statement

Cost of revenue

Sales and marketing

Research and development

General and administrative

Operating Income

Other expense or income

EBIT

Income tax expense or benefit

Interest expense and income

Net income (loss)