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Irobot Corp

 
Hoover's Profile: iRobot Corporation
(NASDAQ (GM):IRBT)
Company Financials
Income Statement
Balance Sheet
Cash Flow Statement

Contact Information
iRobot Corporation
8 Crosby Dr.
Bedford, MA 01730
MA Tel. 781-430-3000
Fax 781-430-3001

Type: Public
On the web: http://www.irobot.com
Employees: 479
Employee growth: 13.2%

If you're a fan of the old Jetsons episodes, you'll probably appreciate iRobot. The company makes robots for all sorts of applications, from government and military to home appliances. Its Roomba FloorVac and Scooba are the first of their kind to automatically clean floors. iRobot also makes the Looj gutter-cleaning 'bot, the Seaglider unmanned underwater robot for use in oceans, and the PackBot, which performs battlefield reconnaissance and bomb disposal for the US Army. iRobot boasts offices in the US and Hong Kong and sells its products through retailers worldwide. The company was founded in 1990 by robot engineers from the Massachusetts Institute of Technology. iRobot acquired Nekton Research in 2008.

Key numbers for fiscal year ending December, 2008:
Sales: $307.6M
One year growth: 23.5%
Net income: $0.8M
Income growth: (91.7%)

Officers:
Chairman and CEO: Colin M. Angle
EVP, CFO, and Treasurer: John J. Leahy
VP Marketing Communications: Nancy Dussault Smith

Competitors:
Electrolux
Lockheed Martin
Samsung Electronics

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