Robohub.org
 

Battered iRobot stock takes another hit

by
24 October 2012



share this:

… Although iRobot reported that its 3rd quarter profits rose 8% and the company saw revenue growth within its consumer products, the stocks dropped 19% as it warned that it’s revenue outlook had deteriorated 5% further than previously reported.
… Also announced was the closing of the Durham, NC facility – its maritime operation where iRobot produced its Seaglider robot – a military research project – and the layoff of all its 80 employees at that facility.
… iRobot has been on a year-long plan to shore up its military products and research group, grow its consumer products (which included the acquisition of competitor Evolution Robotics) and diversify into new B2B (business-to-business) markets (eg, the product launch with partner InTouch Health), and the use of their AVA platform robot for other vertical markets.
… iRobot suffered a 33% drop in its stock in February and then another 6% in late April. iRobot stock is down 39% year-to-date at its current $18.32 per share price.




Frank Tobe is the owner and publisher of The Robot Report, and is also a panel member for Robohub's Robotics by Invitation series.
Frank Tobe is the owner and publisher of The Robot Report, and is also a panel member for Robohub's Robotics by Invitation series.





Related posts :



Online hands-on science communication training – sign up here!

Find out how to communicate about your work with experts from Robohub, AIhub, and IEEE Spectrum.
13 November 2024, by

Robot Talk Episode 97 – Pratap Tokekar

In the latest episode of the Robot Talk podcast, Claire chatted to Pratap Tokekar from the University of Maryland about how teams of robots with different capabilities can work together.
08 November 2024, by

Robot Talk Episode 96 – Maria Elena Giannaccini

In the latest episode of the Robot Talk podcast, Claire chatted to Maria Elena Giannaccini from the University of Aberdeen about soft and bioinspired robotics for healthcare and beyond.
01 November 2024, by

Robot Talk Episode 95 – Jonathan Walker

In the latest episode of the Robot Talk podcast, Claire chatted to Jonathan Walker from Innovate UK about translating robotics research into the commercial sector.
25 October 2024, by

Robot Talk Episode 94 – Esyin Chew

In the latest episode of the Robot Talk podcast, Claire chatted to Esyin Chew from Cardiff Metropolitan University about service and social humanoid robots in healthcare and education.
18 October 2024, by

Robot Talk Episode 93 – Matt Beane

In the latest episode of the Robot Talk podcast, Claire chatted to Matt Beane from the University of California, Santa Barbara about how humans can learn to work with intelligent machines.
11 October 2024, by





Robohub is supported by:




Would you like to learn how to tell impactful stories about your robot or AI system?


scicomm
training the next generation of science communicators in robotics & AI


©2024 - Association for the Understanding of Artificial Intelligence


 












©2021 - ROBOTS Association