iRobot Boosts Net by 36 Percent in Fourth Quarter
February 14, 2011,
BEDFORD, Mass.-Fourth-quarter net income for iRobot jumped to $7 million, 36 percent more than in its fiscal fourth quarter of last year.
Gross margin in the quarter rose 204 basis points to 39.9 percent. Total operating expenses increased 47 percent in dollars and 792 basis points as a percentage of sales, to 33.3 percent. However, iRobot's bottom line was helped by an 80 percent drop in income-tax expense.
For the full fiscal year, iRobot's net income skyrocketed by 667 percent to $25.5 million. Total revenue rose 34 percent to $401 million.