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

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

Jul 22, 2014: Lennox International Reports Record Profit in Second Quarter

Jul 22, 2014: Whirlpool Launches Hybrid Heat Pump Dryer

Jul 22, 2014: Weber-Stephen Breaks Ground on New Distribution Complex

Jul 21, 2014: Electrolux Sees Continued Improvement in European, North American Major Appliance Markets

Jul 21, 2014: Briggs and Stratton Plans to Scale Back Snapper Brand and Close Georgia Plant

More Daily News>>

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

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

March 2014: Market Research - 62nd Annual U.S. Appliance Industry Forecast
February 2014: Appliance Magazine Market Insight: December 2013
January 2014: Market Research - Appliance Historical Statistical Review: 1954-2012
January 2014: Appliance Magazine Market Insight: November 2013




 
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 | Pharmalive | Plastics Today | Powder Bulk Solids | Canon Trade Shows