25 Apr '12, 10pm

iRobot's Home Robot Business Shows Strong Growth

While its home appliance robot sales remained strong in the first quarter of 2012, iRobot Corp. overall results were hurt by slow sales in its military robotics business. iRobot's overall first-quarter 2012 revenue was $97.8 million, down from $106.3 million for the first quarter of 2011. Net income was $0.7 million, compared with 1Q 2011 net income of $7.5 million. Strong growth in domestic and international markets fueled 20% year-over-year Q1 increase in Home Robot revenue. Home Robots revenue was $81,583,000 in the 1Q 2012, up from $67,882,000 in 1Q 2011. Home Robots domestic U.S. revenue was $21,815,000 in 1Q 2012, up from $18,058,000 in 1Q 2011. Home Robots international revenue was $59,798,000 in 1Q 2012, up from $49,824,000 in 1Q 2011. Total Defense and Security revenue was $16,224,000 in 1Q 2012, down from $38,395,000 in 1Q 2011. "For the full year, we have increa...

Full article: http://www.appliancemagazine.com/news.php?article=1578014...

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