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Friday, February 11, 2011

iRobot 2010 revenue up +34%

2010 revenue increased 34% to $401 million for the full year, while adjusted EBITDA more than doubled to $49 million or 12% of revenue. iRobots international home robot revenues grew 66% to $151 million. 
iRobot continued to focus on strengthening the balance sheet resulted in year-end cash and investments of $122 million, up 59% from $77 million a year ago. 
in 2011 iRobot plans to develop high-quality robots for multibillion-dollar automated home maintenance and remote presence markets.
iRobot's intellectual property is protected by more than 100 defensible worldwide patents that we will continue to defend should we detect infringement. Likewise, our brands are protected by 18 trademark registrations in the United States and more than 65 trademarks internationally. 
For fiscal year 2011 management expects revenue of $450 - $465 million and earnings per share of $0.90 - $1.0. 
(Source: iRobotiRobot CEO Q4 2010 Results - Earnings Call Transcript)

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