Why iRobot Corporation Will Clean Up for Investors
iRobot's (NASDAQ: IRBT) most recent quarter has investors dancing in the streets. The company handily beat both earnings and revenue estimates. In fact, management felt so good about their outlook that they raised guidance for the year, and in a separate announcement, the company said it would acquire its largest European distributor Robopolis.
Data source: iRobot. Chart by author. *Excludes effect of Robopolis acquisition.
The company's bread and butter is home robotics with four product types available for purchase. These robots help consumers clean and wash floors, maintain swimming pools, and even clear out gutters. That may be a wide range of capabilities, but the products share a focus and vision that will be key to the company's success going forward.
Source: Fool.com
