iRobot Net Falls 48.7 Percent in Q3
October 23, 2013,
BEDFORD, Mass.--Stagnant revenues and rising costs brought a 48.7 percent drop in net income for iRobot in its third quarter, to $7.8 million.
Total revenues in the quarter, which ended on Sept. 28, were $124.5 million, down 1.4 percent from last year's third quarter. In spite of a 16 percent gain in revenue from home robots, product revenue edged up by just 1.2 percent, offset by a 63.8 percent falloff in contract revenue.
Other Articles By Author
HFN Launches Interactive Idea Book
HFN's DIGITAL EDITION
COVER STORY: HFN Turns 90
We commemorate HFN's 90th anniversary by paying tribute to the iconic retailer and supplier brands--and the people--that have helped the industry flourish, then and now.
ALSO IN THIS ISSUE:
- Up & Coming Leaders - The home industry is in capable and visionary hands as this year’s 40 Under 40 list attests. Today’s young leaders span all disciplines and varied levels of operation.
- Omnichannel Retailing - In the Mobile App World, Time is Money