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iRobot Reports First Quarter 2008 Results May 2, 2008 |
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iRobot Corp. announced its financial results for the fiscal quarter ended March 29, 2008. Revenues for the first quarter of 2008 grew to $57.3 million, compared with $39.5 million in the first quarter of 2007. Gross profit for the first quarter of 2008 increased to $15.4 million (26.8% of sales), compared with $11.1 million (28.2% of sales) in the first quarter of 2007. Net loss in the first quarter of 2008 was $4.0 million compared with a net loss in the first quarter of 2007 of $5.5 million.