iRobot Corp. Announces Unaudited Consolidated Financial Results for the First Quarter Ended March 29, 2014; Provides Earnings Guidance for the Second Quarter Ending June 28, 2014 and Reaffirms Earnings Guidance for the Fiscal Year Ending December 27, 2014
Apr 22 14
iRobot Corp. announced unaudited consolidated financial results for the first quarter ended March 29, 2014. Revenue for the first quarter of 2014 was $114.2 million, compared with $106.2 million for the first quarter of 2013. Net income in the first quarter of 2014 was $5.3 million, compared with net income of $8.4 million in the first quarter of 2013. Quarterly diluted earnings per share were $0.18, compared with diluted earnings per share of $0.29 in the first quarter of 2013. Adjusted EBITDA for the first quarter of 2014 was $14.2 million, compared with $15.2 million in the first quarter of 2013. Operating income was $7,980,000, compared to $8,964,000 for the last year. Income before income taxes was $7,793,000, compared to $8,868,000 for the last year. Net cash used in operating activities was $7,762,000, compared to net cash provided by operating activities of $156,000 for the last year. Purchase of property and equipment was $2,177,000, compared to $1,077,000 for the last year.
Management provided the following expectations with respect to the second quarter ending June 28, 2014 and fiscal year ending December 27, 2014. For the second quarter ending June 28, 2014, the company expects revenue in the range of $138 - $145 million, earnings per share in the range of $0.15 - $0.25 and adjusted EBITDA in the range of $13 - $17 million.
The company is reaffirming full-year financial expectations of revenue between $560 and $570 million, EPS of $1.00 to $1.15 and adjusted EBITDA of $74 to $78 million, or roughly 14% of revenue. These expectations are a strong next step in progressing towards three-year targets.
iRobot Corporation to Report Q1, 2014 Results on Apr 22, 2014
Apr 15 14
iRobot Corporation announced that they will report Q1, 2014 results After-Market on Apr 22, 2014
iRobot Corp. Announces Availability of Ava(R) 500
Mar 17 14
iRobot Corp. announced that the company's Ava 500 video collaboration robot is ready for delivery in the U.S., Canada and select European markets through select certified Cisco resellers. iRobot Ava 500 offers a whole new level of telepresence to the enterprise. The remote user gets the 'better than being there' benefits of telepresence plus a physical presence through complete freedom of movement. The easy-to-use, self-driven robot allows people to use video to see and be seen while collaborating in environments that would otherwise be difficult or impossible from afar, including hallways and manufacturing floors. With the benefits of telepresence, Ava 500 helps globally dispersed teams work more closely together without the need for costly and time-consuming travel, enabling increased collaboration between executives, managers and employees. With Ava 500, more work gets done, more collaboration takes place and more relationships can be built. A complete hardware and software solution, Ava 500 brings together iRobot's autonomous mobile robotics platform with Cisco's telepresence solutions. It provides enterprise-class security, reliability and scalability. Applications: iRobot Ava 500 is ideal when freedom of movement and physical presence are needed to achieve an even more personal degree of remote collaboration. It holds potential for a wide range of applications including: Remote management: Managers can have a physical presence and be able to collaborate, manage and work with their team from a remote location, creating a more dynamic, conversational workplace. Collaborative work environments: With Ava 500, someone at home can do the job as if he or she were sitting among the team, moving from cube to cube with full participation. Manufacturing: Allows a remote user to freely walk to different parts of the manufacturing floor as if he or she was physically present, putting eyes on the problems, delivering immediate insight and providing an immediate return. Supply chain /logistics: Brings remote managers and clients right to the heart of their operations. Clients can experience multiple locations without making a special trip, and managers can talk to their employees in their workspaces. Data center: Allows a remote technician to move around the premises as part of standard inspections, and in the event of a problem, provide access to a manager or client without the need for an on-site visit. Laboratories and clean rooms: Gives access to a laboratory or a pharmaceutical clean room without compromising the environment. Remote visitors and experts can observe the work being done, speak with employees and make immediate decisions. Call centers: Delivers a personal connection between managers or trainers and call center employees, bringing their physical presence into the call centers more frequently and less expensively than through travel. Executive briefing center /customer experience centers: With busy schedules, Ava 500 can provide broader access to senior-level executives wherever they are in the world, with hands-on briefings, strategy reviews, product demonstrations and opportunities for relationship building. Corporate training: Allows access to remote experts to lead training, and for other remote participants to be more actively involved, moving around from team to team. Features: Ava 500 delivers high-definition, industry-standard video and unprecedented ease of use. The remote user schedules and controls Ava 500 using an iPad(R), selecting the destination by tapping a location on a map or by choosing a location or employee name. At the time of the meeting, the robot autonomously navigates its way to the desired location and initiates the call using a Cisco TelePresence EX60. Because Ava 500 is autonomous and maps its own environment, there is no need to drive the robot or to understand the location's layout. Ava 500 intelligently and safely self-navigates busy, real-world enterprise environments without bumping into people or objects. When desired, manual operations to rotate the robot, move the telepresence system up-and-down, and tilt the camera are also provided for more refined control of the robot. This allows the user to move about the room, participate in side discussions, and to be at either a standing or sitting height. At the end of the meeting, the Ava 500 simply disconnects and automatically returns to its charging station. Availability: Ava 500 is available through select certified Cisco resellers.