BURLINGTON, Mass. – iRobot Corp. announced that in the quarter ended Sept. 30, its revenue grew to $55.0 million, up from $52.5 million for the third quarter of 2005.
Revenues for the nine months ended Sept. 30 increased to $127.8 million, from $95.5 million for the same period a year ago, the company said.
In other highlights, gross profit for the third quarter grew to $23.0 million (41.8 percent of sales), compared with $20.7 million (39.5 percent of sales) in the third quarter of 2005.
Net income in the third quarter of 2006 was $10.0 million compared with net income in the third quarter of 2005 of $9.8 million. Net income for the nine months ended Sept. 30, 2006 increased to $5.3 million, compared with $2.6 million for the same period a year ago.
“We reported record quarterly revenues and earnings, the highest in our company’s history, while continuing to invest in the growth of the company,” said Colin Angle, co-founder and chief executive officer of iRobot.
“Moving forward, we will continue our product line expansion and invest in cutting edge research programs, while strengthening iRobot’s position as the leader in robot technology.”
iRobot recently has expanded its line of home robots, introducing the Dirt Dog Workshop Robot, for garages, basements and workbench zones, and the Roomba for Pets.
The company also recently unveiled the pre-prototype iRobot Small Unmanned Ground Vehicle, or iRobot SUGV, and the iRobot Warrior robot. The 30-pound SUGV is being developed under a $54 million, multi-year contract with the U.S. Army’s Future Combat Systems program. The Warrior is a 250-pound multi-mission platform with a ground speed of 12 mph and a heavy-lift carrying capacity.
iRobot’s third-quarter conference call, held Thursday evening, is available as an audioo recording at investors.irobot.com/events.cfm, and can be accessed by phone through midnight on Nov. 1 by dialing (719) 457-0820, access code 6822414.
iRobot Corp. (Nasdaq: IRBT) is a provider of robots for dull, dirty or dangerous missions, including the Roomba housecleaning robot. The company’s proprietary iRobot AWARE Robot Intelligence Systems incorporate advanced concepts in navigation, mobility, manipulation and artificial intelligence, enabling the company to build behavior-based military, commercial and consumer robots. Additional information is available at www.irobot.com.
