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Irobot Corporation  (IRBT)
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Price: $9.2100 $-0.78 -7.808%
Day's High: $9.9659 Week Perf: -6.59 %
Day's Low: $ 9.11 30 Day Perf: -25.85 %
Volume (M): 2,313 52 Wk High: $ 51.49
Volume (M$): $ 21,305 52 Wk Avg: $34.26
Open: $9.96 52 Wk Low: $9.11



 Market Capitalization (Millions $) 255
 Shares Outstanding (Millions) 28
 Employees 622
 Revenues (TTM) (Millions $) 891
 Net Income (TTM) (Millions $) -305
 Cash Flow (TTM) (Millions $) 70
 Capital Exp. (TTM) (Millions $) 3

Irobot Corporation

iRobot Corporation designs and builds robots that empower people to do more. For 25 years, we have developed proprietary technology incorporating advanced concepts in navigation, mobility, manipulation and artificial intelligence to build industry-leading robots. Our defense and security robots perform tasks such as battlefield reconnaissance and bomb disposal, and multi-purpose tasks for law enforcement agencies and first responders, as well as certain commercial users. Our remote presence robots expand the reach of medical care by connecting physicians with patients from anywhere in the world and also provide autonomous telepresence capabilities enabling remote workers to more personally collaborate throughout the workplace. We sell our robots through a variety of distribution channels, including chain stores and other national retailers, through our on-line store, through value-added distributors and resellers, and to the U.S. military and other government agencies worldwide.

Since our founding, we have accumulated expertise in all the disciplines necessary to design and build durable, high-performance and cost-effective robots through the close integration of software, electronics and hardware. Our core technologies serve as reusable building blocks that we adapt and expand to develop next generation and new products, reducing the time, cost and risk of product development. Our significant expertise in robot design and engineering positions us to capitalize on the growth we expect in the market for robot-based products. We believe that the sophisticated technologies in our existing applications are adaptable to a broad array of markets such as commercial cleaning, elder care, home automation, healthcare, video collaboration, landscaping, agriculture, and other vertical markets.
Over the past thirteen years, we have sold more than 15 million of our home robots. During that time, we also sold approximately 6,000 of our defense and security robots, most of which have been sold to the U.S. military and deployed on missions in Afghanistan and Iraq, and more recently to state, local and international government entities.

We are a technology company with the goal of designing and marketing innovative robots that empower people to do more. Our deep understanding of the consumer, the consumers needs and how robots meet those needs ensures that every robot is created with a person in mind. We strive to drive innovation, serve as an industry catalyst and change the world by fueling the era of robots. We intend to increase the penetration of our products in existing markets, expand existing products into new markets, and develop and launch new products into current and adjacent markets. Our strategy is to maintain a leadership position by delivering robotic technology-based automated home maintenance solutions that delight our customers and anticipate their needs, while extending our technical leadership in the areas of autonomous navigation, manipulation and cloud connectivity and services. With increasing levels of autonomy, continued mobility improvements, more sophisticated sensor suites and advanced human interfaces, our robots will expand in effectiveness and efficiency and reduce the requirements for actual physical operator presence and control. In the area of automated home maintenance, we seek to improve the quality of life with robotic solutions requiring as little human physical intervention as possible.

In order to execute this plan we need to continue to strategically invest in a number of areas to:

Strengthen our marketing capabilities globally and accelerate worldwide consumer adoption of Roomba to maintain our market-leading position in robotic vacuum cleaners;

Better position ourselves in China to capture an even larger share of the rapidly growing market for robotic floor care;

Develop our wet floor care business to generate a material, secondary revenue stream;

Scale our infrastructure to support future connected products;

Explore, develop and grow adjacent non-floor care home robot products that can generate meaningful diversified revenue streams; and

Make continued operational improvements that can reduce product and operating costs.
Key elements of our strategy include:

 

Talent: Investing in our people and our culture. To develop and integrate the best technology and to be the most innovative robotics company, we must attract the most talented people across our functional areas. Our success is directly related to the talents and abilities of our workforce, and to a culture, work environment and leadership that supports its development and growth. Our strategy focuses on transforming our company into one of the most attractive workplaces for those seeking to participate in the robotics field.


Technology: Investing in robotic technology and products to build better robots. A better robot lives in our world by moving around its environment more intelligently, by cooperating with the people it serves more compellingly, and by physically interacting with its surroundings more effectively. We strive to achieve and sustain world leadership with best-in-class technology in the areas of autonomy, navigation, cloud robotics and manipulation. Our superiority in user experience comes from leveraging the powerful capabilities of the connected world combined with thoughtful, intuitive design. We are committed to developing, maturing and integrating these technologies to support our business and make these a reality in our products. We implement these technologies with strict cost requirements to support our high-margin, profitable business model.


Tempo: Investing to improve our agility, speed and operational efficiency. We strive to increase our pace of innovation and bring compelling products to market more quickly in a cost-effective and highly reliable form. We are committed to refining our innovation and product development culture and processes to deliver results faster by increasing the pace of development, gaining efficiencies through designing and leveraging modular architecture and reusable hardware and software components across products, and utilizing remote software updates and cloud computing to provide rapid cycles for release of new features in the installed base of our products.
Brand. We invest in building a company with a vision, that strives to solve difficult problems, and empowers people to do more. We strive to achieve this image by designing high-quality robots with a recognizable look and feel and a streamlined ease of use, by employing impactful marketing, and by continuing to give back to the community. We invest in building and advertising one unified, global brand.

We are focused on behavior-based, artificially-intelligent systems developed to meet customer requirements in multiple market segments. Our systems are designed to move around their environments intelligently, by cooperating with the people they serve and by physically interacting with their surroundings.
Our robots rely on technology related to navigation, cloud robotics and manipulation to accomplish their missions autonomously.
Autonomy. Our robots employ intelligent autonomy because, without autonomy, robots require continuous human attention. Autonomy requires, among other things, advanced navigation and dynamically updated mapping. We seek to achieve and sustain a leadership position in navigation and mapping to enable a higher level of autonomy.


Navigation. Our mobile robots navigate through their environment in a variety of ways. Some do it simply by reacting to encounters with obstacles. Others use more sophisticated means that make use of maps to plan out paths, track their travel, and determine their location in the environment. Intelligent navigation empowers our robots to operate autonomously with purposeful intent. Autonomous navigation is the key enabler for our latest products.
Cloud Robotics. Connectivity and cloud services are important because they can leverage additional computational resources and capabilities. Cloud robotics refers to cloud-based shared services that solve robotic challenges and enhance robots’ capabilities. By using the power of off-board computing and storage, it is possible to develop algorithms that aid with object recognition, post-process and store large maps, and share data between multiple robots operating in the same environment. Cloud robotics will allow our robots to plan more intelligently, be more productive and keep getting smarter as they are used.


Manipulation. Manipulation means physically interacting with the world to move or control objects. It is ultimately what sets robots apart from any other technology.
Combining these four components, we have created proprietary, reusable building blocks of robotics capabilities, including mobility platforms, manipulators, navigation and control algorithms and user interfaces. Our technology building blocks typically allow us to take a known platform and modify it for a new mission instead of starting from scratch for each application. We believe this allows us to design and develop innovative robots quickly and cost-effectively.



   Company Address: 8 Crosby Drive Bedford 1730 MA
   Company Phone Number: 430-3000   Stock Exchange / Ticker: NASDAQ IRBT
   


Customers Net Income fell by IRBT's Customers Net Profit Margin fell to

-57.99 %

2.61 %

• Customers Performance • Customers Expend. • Customers Efficiency • List of Customers


   

Stock Performances by Major Competitors

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Irobot Corporation

Irobot Corporation Overcomes Revenue Decline, Reports Promising Growth in FY 2023

Irobot Corporation Shows Signs of Improvement in Fiscal Year 2023
Irobot Corporation, a leading consumer robotics company, has managed to reduce its losses and improve its financial performance in the fiscal year closing December 30, 2023. The company reported a reduced loss per share of $-2.24 compared to $-3.07 in the previous reporting period, indicating progress in managing costs. Furthermore, despite a decline in revenue of -14.063% to $307.54 million, Irobot Corporation has shown promise by recording a revenue growth of 3.71% compared to the corresponding period a year ago, outperforming other companies in the Appliance & Tool sector.
In the fourth quarter of 2023, Irobot Corporation demonstrated significant improvement from the prior fiscal period. Earnings per share improved from $-2.86 to $-2.24 per share, indicating increased profitability. Moreover, revenue surged by 65.19% from $186.18 million, reflecting positive momentum in the company's business operations.

Irobot Corporation

IRobot Corporation Faces Declining Revenue in Q3 2023 Earnings: A Closer Look at the Financial Performance



In the ever-evolving landscape of the Appliance & Tool sector, Irobot Corporation, a leading player in the industry, recently announced its financial results for the period ending September 30, 2023. While there are several areas of concern, the company also demonstrates signs of progress in certain key metrics. This article aims to examine Irobot Corporation's financial performance in the context of its recent results, alongside the broader market performance.
Earnings and Revenue:
Irobot Corporation reported a decrease in the loss per share for the financial period ending September 30, 2023, compared to a year ago. The loss per share improved from $-4.71 to $-2.86. Furthermore, the income per share improved from $-2.93 in the previous reporting period to $-2.86, indicating a positive trend in the company's financial health.

Irobot Corporation

IRobot Corporation Faces Prolonged Business Slump, Resulting in Year-on-Year Deficit Surge during the Financial Second Quarter of 2023


Introduction
In the financial second quarter of 2023, Irobot Corporation faced significant challenges as lower turnover took a toll on its revenue and resulted in a widened deficit. With diminishing returns at $-2.93 per share and a revenue decline of -7.356% to $236.57 million year on year, the company was forced to tackle adverse market conditions head-on. This article aims to provide an analysis of Irobot Corporation's financial results, examine the broader context of its declining shares, and shed light on what lies ahead for the company.
Impact on Financial Results
The financial second quarter of 2023 proved to be a tough period for Irobot Corporation as it experienced a decline in revenue compared to the previous reporting period. With revenue dropping from $160.29 million to $236.57 million, the company faced a considerable challenge in recovering its financial position. Additionally, the bottom line, with a per-share value of $-2.95, demonstrated a continuation of losses, albeit slightly shrinking compared to the current period. This further highlights the struggle faced by the company during this quarter.






 

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