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 :



ep.

352

podcast

Robotics Grasping and Manipulation Competition Spotlight, with Yu Sun

Yu Sun, previous chair of the Robotics Grasping and Manipulation Competition, speaks on the value that this competition brought to the robotics community.
21 May 2022, by
ep.

351

podcast

Early Days of ICRA Competitions, with Bill Smart

Bill Smart, one fo the early ICRA Competition Chairs, dives into the high-level decisions involved with creating a meaningful competition.
21 May 2022, by

New imaging method makes tiny robots visible in the body

Microrobots have the potential to revolutionize medicine. Researchers at the Max Planck ETH Centre for Learning Systems have now developed an imaging technique that for the first time recognises cell-​sized microrobots individually and at high resolution in a living organism.
20 May 2022, by

A draft open standard for an Ethical Black Box

Within the RoboTIPS project, we have developed and tested several model of Ethical Black Boxes, including one for an e-puck robot, and another for the MIRO robot.
19 May 2022, by

Unable to attend #ICRA2022 for accessibility issues? Or just curious to see robots?

There are many things that can make it difficult to attend an in person conference in the United States and so the ICRA Organizing Committee, the IEEE Robotics and Automation Society and OhmniLabs would like to help you attend ICRA virtually.
17 May 2022, by
ep.

350

podcast

Duckietown Competition Spotlight, with Dr Liam Paull

Dr. Liam Paull, cofounder of the Duckietown competition talks about the only robotics competition where Rubber Duckies are the passengers on an autonomous driving track.
17 May 2022, by





©2021 - ROBOTS Association


 












©2021 - ROBOTS Association