CONTROL4 CORP (CTRL) [Rocket]

In millions, except per share items	Dec-31-18	Dec-31-17	Dec-31-16	Dec-31-15	Dec-31-14	Dec-31-13	Dec-31-12	Dec-31-11
	10-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K
Total revenues	272.5	244.2	208.1	163.2	148.8	128.5	109.5	93.4
Revenue growth	11.6%	17.3%	27.5%	9.7%	15.8%	17.3%	17.3%	24.6%
Cost of goods sold	130.5	120.2	105.1	81.6	72.4	64.2	57.2	50.5
Gross profit	142.0	123.9	103.0	81.5	76.4	64.3	52.3	42.8
Gross margin	52.1%	50.8%	49.5%	50.0%	51.3%	50.0%	47.7%	45.9%
Selling, general and administrative [+]	77.2	69.8	62.5	49.9	40.1	34.3	30.3	27.4
Sales and marketing	50.8	47.8	42.2	32.6	25.9	22.0	20.2	17.5
General and administrative	26.4	21.9	20.3	17.4	14.2	12.3	10.2	9.8
Research and development	43.6	40.6	36.0	32.4	27.4	25.0	20.3	19.2
Other operating expenses			0.5	0.0	0.0	0.1	4.7
EBITDA [+]	30.6	22.5	12.0	3.6	11.9	7.5	-1.1	-2.0
EBITDA growth	36.2%	87.8%	234.1%	-69.9%	59.7%	-790.8%	-45.1%	-86.1%
EBITDA margin	11.2%	9.2%	5.7%	2.2%	8.0%	5.8%	-1.0%	-2.1%
Depreciation	3.9	3.7	3.3	2.9	2.5	2.2	1.7	1.6
EBITA	26.6	18.8	8.6	0.7	9.4	5.3	-2.8	-3.6
EBITA margin	9.8%	7.7%	4.2%	0.4%	6.3%	4.1%	-2.6%	-3.8%
Amortization of intangibles	5.5	5.2	4.6	1.5	0.5	0.3	0.3	0.1
EBIT [+]	21.2	13.6	4.0	-0.8	8.9	4.9	-3.1	-3.7
EBIT growth	56.1%	235.5%	-592.1%	-109.3%	79.6%	-261.0%	-17.6%	-76.3%
EBIT margin	7.8%	5.6%	1.9%	-0.5%	6.0%	3.8%	-2.8%	-4.0%
Interest income, net [+]	1.2	0.4	0.0	0.2	0.1	-0.5	-0.3	-0.4
Interest expense						0.5	0.3	0.4
Interest income	1.2	0.4	0.0	0.2	0.1		0.0	0.0
Other income (expense), net [+]	-1.5	-0.1	-0.6	-0.8	-0.4	-0.7	-0.3	0.2
Litigation settlement			0.5	0.0	0.0	0.4	2.9
Other	-1.5	-0.1	-0.6	-0.8	-0.4	-0.7	-0.3	0.2
Pre-tax income	20.8	13.9	3.5	-1.4	8.6	3.8	-3.6	-3.9
Income taxes	-23.0	-1.6	-8.8	0.3	0.4	0.2	0.1	0.0
Tax rate					4.8%	6.6%		0.0%
Net income	43.8	15.5	12.3	-1.7	8.2	3.5	-3.7	-3.9
Net margin	16.1%	6.3%	5.9%	-1.0%	5.5%	2.7%	-3.4%	-4.2%

Basic EPS [+]	$1.67	$0.62	$0.53	($0.07)	$0.34	$0.33	($1.58)	($2.02)
Growth	168.2%	18.6%	-867.3%	-119.9%	4.3%	-120.9%	-21.9%	-79.7%
Diluted EPS [+]	$1.60	$0.58	$0.50	($0.07)	$0.32	$0.16	($1.58)	($2.02)
Growth	176.3%	14.3%	-837.1%	-121.5%	102.1%	-110.0%	-21.9%	-79.7%

Shares outstanding (basic) [+]	26.2	24.8	23.4	24.1	23.7	10.6	2.4	1.9
Growth	5.8%	6.0%	-3.0%	1.8%	123.3%	349.5%	22.7%	17.4%
Shares outstanding (diluted) [+]	27.5	26.8	24.4	24.1	25.6	22.3	2.4	1.9
Growth	2.6%	9.9%	1.0%	-5.9%	15.2%	843.3%	22.7%	17.4%

EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.