iRobot Corp. announced that it anticipates revenue for the fourth quarter of 2007 in the range of US$98 million to $100 million and revenue for the full year 2007 in the range of $248 million to $250 million.
Colin Angle, CEO of iRobot, said, "I am extremely pleased to report that we anticipate fourth quarter and full year revenue to be in line with our expectations following a successful holiday season for our new iRobot Roomba 500 Series robot, despite widely reported weakness in general retail. We are expecting pre-tax profit between $12.1 million and $12.6 million for the fourth quarter and a pre-tax profit for the full year between $500,000 and $1 million. We are optimistic about strong revenue growth and improved profitability across the company in 2008. The details of our expectations will be provided during our fourth quarter earnings call in February," he said.
Separately, the company named Jay Leader vice president of Information Technology (IT) and chief information officer (CIO). Leader will be responsible for the development and execution of iRobot's global IT strategy as well as management of the global IT organization. He will focus on driving the company's technology vision and ensure IT strategy aligns with and supports iRobot's growing global business. Previously, Leader was CIO of Nypro, a manufacturing firm, and as managing associate for Coopers & Lybrand LLP.