On February 5th iRobot reported their quarterly and annual report. 4Q revenue was up 25% from the previous year and full year 2013 revenue of $487 was up 12%.
“2013 was a great year for iRobot. Our Home Robot business increased 20 percent over 2012, driven by growth in both domestic and overseas markets,” said Colin Angle, chairman and CEO. “All three of our businesses met our expectations and made significant progress against their strategic plans, setting us up well for 2014.
Since that 2/5 announcement, iRobot’s stock has risen $10, about 23%. Pundits and financial analysts suggest the following reasons for the sudden rise in iRobot’s stock: