“Our third quarter and year-to-date results were excellent across all measures and far exceeded our expectations,” said Colin Angle, chairman and chief executive officer of iRobot. “Due to strong performance by both divisions and our expectations for the fourth quarter, we are increasing our full-year 2011 expectations for the second time this year.”
Xconomy.com::iRobot Lays Off About 55 Staff in Advance of Q3 Earnings Report. From the Xconomy.com posting.
"We can confirm that iRobot Corporation has had a reduction in force. This difficult action was taken based on our current view of future defense spending and a shift in program structure."
NASDAQ.com::IRBT Short Interest appears high to me given ~12% of IRBT is closely held with "institutions and mutual funds" owning ~67% of the float.
[update::2011.10.26] http://seekingalpha.com/article/302333-irobot-s-ceo-discusses-q3-2011-earnings-call-transcript?source=yahoo
http://seekingalpha.com/article/302333-irobot-s-ceo-discusses-q3-2011-earnings-call-transcript?source=yahoo
ReplyDeleteComments by iRobot CEO Colin Angle...
ReplyDelete"We have estimated the addressable market for SUGVs to be approximately 15,000 robots over the next five to seven years."
"We have significant runway with our core home robot products as the current market penetration is still less than 10%, [...]"
"Right now we’re not giving our 2012 guidance."
iRobot: J.P. Morgan Downgrades Rating To Neutral - Forbes http://onforb.es/uJ4ahf
ReplyDelete