iRobot Q2 Net Climbs as Home Robots Drive Sales
July 24, 2013,
BEDFORD, Mass.-Strong results from home robot sales throughout the world propelled iRobot to a 12.5 percent gain in second-quarter net income, to $8.3 million.
Net revenue for the quarter, which ended on June 29, jumped 17 percent, with the key drive coming from product sales, which rose 18.8 percent. iRobot reported growth in domestic revenue of 26 percent, along with growth in international markets of 18 percent.
Colin Angle, iRobot's chairman and CEO, said the company expects full-year revenue to total between $485 million and $495 million. "Our strong second-quarter results, driven by our home robot business, give us confidence that we will achieve our full-year expectations," Angle said.