IRBT - iRobot Corporation

​

iRobot Corporation designs, builds, and markets robots for the consumer, defense and security, telemedicine, and mobile video collaboration markets worldwide. It operates through two segments, Home Robots, and Defense and Security Robots. The company provides consumer products, such as floor vacuuming, automatic floor mopping, floor scrubbing, pool cleaning, and gutter cleaning robots. It also offers defense and security products, such as tactical ground robots comprising the combat-tested 510 PackBot; the 310 SUGV robot; the 110 FirstLook small, light, throwable robot; and the 710 Kobra multi-purpose robot capable of carrying heavy payloads, as well as remote presence products, such as telemedicine and video collaboration robots. The company sells its products through chain stores and other national retailers; its on-line store; and distributors and resellers, as well as to the U.S. military and other government agencies. iRobot Corporation was founded in 1990 and is headquartered in Bedford, Massachusetts.

 

IRobot beats 3Q profit forecasts
BEDFORD, Mass. (AP) _ IRobot Corp. (IRBT) on Tuesday reported third-quarter net income of $19.5 million.

The Bedford, Massachusetts-based company said it had profit of 70 cents per share.

The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 42 cents per share.

The robotics technology company posted revenue of $168.6 million in the period.

For the current quarter ending in December, iRobot said it expects revenue in the range of $202 million to $207 million.

The company expects full-year earnings to be $1.36 to $1.44 per share, with revenue ranging from $650 million to $655 million.

IRobot shares have risen 24 percent since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $44, a rise of 47 percent in the last 12 months.