Robohub.org
 

iRobot shares plummet 33%; GM of government & industrial robots division to leave

by
09 February 2012



share this:

… Fourth quarter net income jumped 52 percent compared to the year before on strong demand for robots built for the consumer market. But CEO Colin Angle warned that robot sales to government agencies might slow in 2012.
… iRobot expects revenue in 2012 to be between $465 million and $485 million while net income will be between 75 cents and 95 cents per share – well below expectations of $1.44 per share and revenue of $532.7 million that analysts were predicting.
… Most UAV and robot manufacturers are suffering US DoD cuts but much of that is being offset by actively marketing foreign military and government purchases as drones and robotic warriors spread around the world.
… UPDATE 2/17: Robert Moses, the general manager of the government and industrial robots division of iRobot will leave and an interim manager has been chosen.
… There’s also the problem of repatriating the thousands of robots returning from Iraq and Afghanistan. The first to figure out a marketable civilian use wins!




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 :



Women in Tech leadership resources from IMTS 2022

There’ve been quite a few events recently focusing on Women in Robotics, Women in Manufacturing, Women in 3D Printing, in Engineering, and in Tech Leadership. One of the largest tradeshows in the US is IMTS 2022. Here I bring you some resources shared in the curated technical content and leadership sessions.
29 September 2022, by and

MIT engineers build a battery-free, wireless underwater camera

The device could help scientists explore unknown regions of the ocean, track pollution, or monitor the effects of climate change.
27 September 2022, by

How do we control robots on the moon?

In the future, we imagine that teams of robots will explore and develop the surface of nearby planets, moons and asteroids - taking samples, building structures, deploying instruments.
25 September 2022, by , and

Have a say on these robotics solutions before they enter the market!

We have gathered robots which are being developed right now or have just entered the market. We have set these up in a survey style consultation.
24 September 2022, by

Shelf-stocking robots with independent movement

A robot that helps store employees by moving independently through the supermarket and shelving products. According to cognitive robotics researcher Carlos Hernández Corbato, this may be possible in the future. If we engineer the unexpected.
23 September 2022, by

RoboCup humanoid league: Interview with Jasper Güldenstein

We talked to Jasper Güldenstein about how teams transferred developments from the virtual humanoid league to the real-world league.
20 September 2022, by and





©2021 - ROBOTS Association


 












©2021 - ROBOTS Association