Home
Global Supplier Directory
APPLIANCE Engineer
Supplier Solutions
APPLIANCE Line
Whitepaper Library
Calendar of Events
Association Locator
Contents Pages
Market Research
Subscription Center


 
Daily News

iRobot Reports 4Q Revenue Loss
Feb 20, 2009
 Printable format
 Email this Article
 Search

For the fiscal year ended Dec. 27, 2008, iRobot Corp. reported that revenue fell 8.1% to US$90.7 million, compared with $98.7 million for the same quarter one year ago. Revenue for the full year increased 23.5% to $307.6 million from $249.1 million for the full year 2007. Net income in 4Q 2008 was $5.4 million compared with $20.7 million in 4Q 2007.

"2009 will continue to present challenges for domestic home robot sales but aggressive management of the company’s and our retailers’ inventory in the fourth quarter of 2008 has positioned us well in the current environment," said Colin Angle, chairman and CEO of iRobot. "We expect international demand for home robots to continue to be strong. Growth in our Government & Industrial division will be fueled by sales of PackBot FasTac in the beginning of the year and by the sale of new products later in the year."

Despite the overall revenue loss, the company said its international home robot revenue in 4Q 2008 was more than double the level of 4Q 2007 and comprised almost half of total home robot revenue in the quarter. Overall home robot revenue grew 20% for the full year.

Back to Daily News

 

Daily News

...........................................................

Dec 19, 2014: Whirlpool Corp. provides guidance for 2015

Dec 19, 2014: Panasonic to showcase built-in appliances at LivingKitchen 2015

Dec 19, 2014: New residential construction in November 2014

Dec 19, 2014: 2014 U.S. steel production up 0.7% from 2013

Dec 19, 2014: Strong North American PCB Order Growth in October

More Daily News>>

RSS Feeds
.........................................................
Appliance Industry
Market Research

...........................................................

November 2014: Appliance Magazine Market Insight Annual Subscriptions
November 2014: U.S. Appliance Industry: Market Value, Life Expectancy & Replacement Picture 2014
October 2014: Portrait of the European Appliance Industry
September 2014: Appliance Industry Focus: HVAC




 
Contact Us | About Us | Subscriptions | Advertising | Home
UBM Canon © 2014  

Please visit these other UBM Canon sites

UBM Canon Corporate | Design News | Test & Measurement World | Packaging Digest | EDN | Qmed | Plastics Today | Powder Bulk Solids | Canon Trade Shows