Founded in 1990 and incorporated in Delaware in 2000, the iRobot Corporation designs robots such as an autonomous home vacuum cleaner (Roomba), the Scooba that scrubs and cleans hard floors, and military and police robots, such as the PackBot. iRobot is a public corporation (NASDAQ: IRBT), based in Bedford, Massachusetts.
iRobot Corporation (iRobot), incorporated in August 1990, designs and builds robots. The Company’s home care robots perform time-consuming domestic chores while its government and industrial robots perform tasks, such as battlefield reconnaissance and bomb disposal, multi-purpose tasks for local police and first responders, and long-endurance oceanic missions. It sells its robots to consumers through a range of distribution channels, including chain stores and other national retailers, and through its on-line store, and to the United States military and other government agencies globally. It designs and builds robots for the consumer and government and industrial markets. It sells its products through distinct sales channels to the consumer and government and industrial markets. In the United States and Canada, it sells its consumer products through a network of national retailers. As January 1, 2011, this network consisted of more than 30 retailers, which often sell either one or some combination of its products. Its domestic retail operations are supported by distributors to whom it sells product directly. It sells its government and industrial products directly to end users and indirectly through prime contractors and distributors. During the fiscal year ended January 1, 2011 (fiscal 2010) sales to non-the United States customers accounted for 41.1% of total revenue.
Consumer Products
The Company sells various products, which are designed for use in and around the home. Its consumer products are focused on both indoor and outdoor cleaning applications. It offers multiple Roomba floor vacuuming robots and Scooba floor washing robots. Its Roomba robot’s compact disc shape allows it to clean under beds and other furniture, resulting in cleaner floors. Roomba is programmed to keep operating until the floor is clean. In addition, it cleans automatically upon the push of a button. Its Scooba robot’s cleaning process allows the robot to simultaneously sweep, wash, scrub and dry hard floors, all at the touch of a button. Its Verro Pool Cleaning Robot is used to clean a standard size pool in about an hour while removing debris from the pool floor, walls and stairs. Verro is brought to market under the iRobot brand through a relationship with the Aqua Products Group companies, including AquaJet LLC and Aquatron, Inc., which developed the pool cleaning robots.
The Company’s Looj Gutter Cleaning Robot cleans an entire stretch of gutter. The Looj also features a detachable handle that doubles as a wireless remote control, providing control of the robot while cleaning. Its Create Programmable Robot is a fully assembled programmable robot. The Create has 10 built-in demos and 32 sensors, which allows users to experiment with robotics. An open cargo bay allows the user to add their grippers, wireless connections, computers or other hardware. The Create is based on the iRobot Roomba technology and is compatible with Roomba’s re-chargeable batteries, remote control and other accessories.
Government and Industrial Products
In government and industrial product markets, the Company offers both ground and maritime unmanned vehicles. Its tactical ground robots include the combat-tested 510 PackBot line of small, unmanned ground robots, the 310 small unmanned ground vehicle (SUGV) and 320 SUGV multi-purpose ground robots and 210 Negotiator for state and local police and first responders. The PackBot, SUGV, and Negotiator robot series make up a family of robots using many common platform components and offer its flipper technology, which enables robots to climb stairs, navigate rubble, and penetrate inaccessible areas. These robots keep war fighters and public safety officials out of harm’s way and performing search, reconnaissance, mapping, bomb disposal and other dangerous missions. As of January 1, 2011, more than 3,500 robots had been delivered to military and civil defense forces globally. Its Aware 2 software is incorporated into the 510 PackBot chassis and operator control unit. As a result, PackBot can support multiple configurations and payloads with the same chassis and operator control unit, providing customers with a single robot capable of multiple missions.
iRobot utilizes configure-to-order (CTO) procurement options for its 510 PackBot, allowing customers to tailor the product to their specific mission needs. During fiscal 2010, over 300 310 SUGV mini-explosive ordnance disposals (EODs) were delivered. The 320 SUGV (Army designation XM1216) Increment I infantry robot completed development and a limited user test (LUT). Within its maritime business, the 1Ka Seaglider is a autonomous underwater vehicle designed for oceanic missions to measure temperature, salinity, depth-averaged current and other data for scientific and military planners. During fiscal 2010, iRobot Seaglider robots were deployed to and assisted in monitoring the Gulf of Mexico oil spill disaster. These Seagliders were equipped with sensors, which aided in determining the presence of suspended oil below the surface and also measured dissolved oxygen levels to help predict impacts on sea life.
Contract Research and Development Projects
The Company is involved in several contract development projects with the United States governmental agencies and departments. The durations of these projects range from a few months to several years. These projects are usually funded as either cost-plus, firm fixed price, or time and materials contracts. In a cost-plus contract, it is allowed to recover its actual costs plus a fixed fee. Under a firm fixed price contract, it receives a fixed amount upon satisfying contractually defined deliverables. On its time and materials contracts, it recovers a specific amount per hour worked based on a bill rate schedule, plus the cost of direct materials, subcontracts, and other non-labor costs, including an agreed-upon mark-up.
iRobot was founded in 1990 by Rodney Brooks, Colin Angle and Helen Greiner after working in MIT's Artificial Intelligence Lab. In 1998 the company received a DARPA research contract which led to the development of the PackBot. In September 2002, iRobot unveiled its home robots flagship, the Roomba, which has gone on to sell more than 3 million units to date. [1] iRobot began being traded on the NASDAQ in November 2005 under ticker symbol IRBT. In October 2008, iRobot announced that over 2000 PackBots have been deployed
OVERALL
Beta: 1.08
Market Cap (Mil.): $880.32
Shares Outstanding (Mil.): 26.30
Annual Dividend: --
Yield (%): --
FINANCIALS
IRBT.O Industry Sector
P/E (TTM): 33.51 14.36 18.33
EPS (TTM): 131.32 -- --
ROI: 15.80 6.59 1.56
ROE: 16.17 8.11 2.40
Roomba is an automated vacuum cleaning robot released in 2000. To date, over 5 million Roombas have been sold.[1] Several versions of the Roomba have been developed. Roomba is powered by a rechargeable battery and many are available with a docking station to which the Roomba should return to recharge at the end of its cleaning cycle. They work in conjunction with accessories that utilize both IR and RF.
The company intentionally allows customers to hack the robot because they want people to experiment and improve the product. The API for the serial has been published and the serial port made easily accessible to make modifications easy to perform.
Name Age Since Current Position
Angle, Colin 43 2008 Chairman of the Board, Chief Executive Officer
Leahy, John 52 2008 Chief Financial Officer, Executive Vice President, Treasurer
Beck, Jeffrey 48 2009 President - Home Robots Division
Moses, Robert 56 2010 President - Government and Industrial Robots
Dyer, Joseph 64 2010 Chief Operating Officer
Weinstein, Glen 40 2005 Senior Vice President, General Counsel, Secretary
Campanello, Russell 55 2010 Senior Vice President - Human Resources
Dean, Alison 46 2010 Senior Vice President, Corporate Finance
McNamee, George 64 Lead Independent Director
Greiner, Helen 43 2008 Director
Brooks, Rodney 56 2008 Director
Chwang, Ronald 63 1998 Independent Director
Gansler, Jacques 76 2004 Independent Director
Geisser, Andrea 68 2004 Independent Director
Meekin, Peter 61 2003 Independent Director
Kern, Paul 65 2006 Independent Director
Sagan, Paul 52 2010 Independent Director
COMPANY ADDRESS
Irobot Corp
63, South Avenue
Burlington MA 01803
iRobot Corporation (iRobot), incorporated in August 1990, designs and builds robots. The Company’s home care robots perform time-consuming domestic chores while its government and industrial robots perform tasks, such as battlefield reconnaissance and bomb disposal, multi-purpose tasks for local police and first responders, and long-endurance oceanic missions. It sells its robots to consumers through a range of distribution channels, including chain stores and other national retailers, and through its on-line store, and to the United States military and other government agencies globally. It designs and builds robots for the consumer and government and industrial markets. It sells its products through distinct sales channels to the consumer and government and industrial markets. In the United States and Canada, it sells its consumer products through a network of national retailers. As January 1, 2011, this network consisted of more than 30 retailers, which often sell either one or some combination of its products. Its domestic retail operations are supported by distributors to whom it sells product directly. It sells its government and industrial products directly to end users and indirectly through prime contractors and distributors. During the fiscal year ended January 1, 2011 (fiscal 2010) sales to non-the United States customers accounted for 41.1% of total revenue.
Consumer Products
The Company sells various products, which are designed for use in and around the home. Its consumer products are focused on both indoor and outdoor cleaning applications. It offers multiple Roomba floor vacuuming robots and Scooba floor washing robots. Its Roomba robot’s compact disc shape allows it to clean under beds and other furniture, resulting in cleaner floors. Roomba is programmed to keep operating until the floor is clean. In addition, it cleans automatically upon the push of a button. Its Scooba robot’s cleaning process allows the robot to simultaneously sweep, wash, scrub and dry hard floors, all at the touch of a button. Its Verro Pool Cleaning Robot is used to clean a standard size pool in about an hour while removing debris from the pool floor, walls and stairs. Verro is brought to market under the iRobot brand through a relationship with the Aqua Products Group companies, including AquaJet LLC and Aquatron, Inc., which developed the pool cleaning robots.
The Company’s Looj Gutter Cleaning Robot cleans an entire stretch of gutter. The Looj also features a detachable handle that doubles as a wireless remote control, providing control of the robot while cleaning. Its Create Programmable Robot is a fully assembled programmable robot. The Create has 10 built-in demos and 32 sensors, which allows users to experiment with robotics. An open cargo bay allows the user to add their grippers, wireless connections, computers or other hardware. The Create is based on the iRobot Roomba technology and is compatible with Roomba’s re-chargeable batteries, remote control and other accessories.
Government and Industrial Products
In government and industrial product markets, the Company offers both ground and maritime unmanned vehicles. Its tactical ground robots include the combat-tested 510 PackBot line of small, unmanned ground robots, the 310 small unmanned ground vehicle (SUGV) and 320 SUGV multi-purpose ground robots and 210 Negotiator for state and local police and first responders. The PackBot, SUGV, and Negotiator robot series make up a family of robots using many common platform components and offer its flipper technology, which enables robots to climb stairs, navigate rubble, and penetrate inaccessible areas. These robots keep war fighters and public safety officials out of harm’s way and performing search, reconnaissance, mapping, bomb disposal and other dangerous missions. As of January 1, 2011, more than 3,500 robots had been delivered to military and civil defense forces globally. Its Aware 2 software is incorporated into the 510 PackBot chassis and operator control unit. As a result, PackBot can support multiple configurations and payloads with the same chassis and operator control unit, providing customers with a single robot capable of multiple missions.
iRobot utilizes configure-to-order (CTO) procurement options for its 510 PackBot, allowing customers to tailor the product to their specific mission needs. During fiscal 2010, over 300 310 SUGV mini-explosive ordnance disposals (EODs) were delivered. The 320 SUGV (Army designation XM1216) Increment I infantry robot completed development and a limited user test (LUT). Within its maritime business, the 1Ka Seaglider is a autonomous underwater vehicle designed for oceanic missions to measure temperature, salinity, depth-averaged current and other data for scientific and military planners. During fiscal 2010, iRobot Seaglider robots were deployed to and assisted in monitoring the Gulf of Mexico oil spill disaster. These Seagliders were equipped with sensors, which aided in determining the presence of suspended oil below the surface and also measured dissolved oxygen levels to help predict impacts on sea life.
Contract Research and Development Projects
The Company is involved in several contract development projects with the United States governmental agencies and departments. The durations of these projects range from a few months to several years. These projects are usually funded as either cost-plus, firm fixed price, or time and materials contracts. In a cost-plus contract, it is allowed to recover its actual costs plus a fixed fee. Under a firm fixed price contract, it receives a fixed amount upon satisfying contractually defined deliverables. On its time and materials contracts, it recovers a specific amount per hour worked based on a bill rate schedule, plus the cost of direct materials, subcontracts, and other non-labor costs, including an agreed-upon mark-up.
iRobot was founded in 1990 by Rodney Brooks, Colin Angle and Helen Greiner after working in MIT's Artificial Intelligence Lab. In 1998 the company received a DARPA research contract which led to the development of the PackBot. In September 2002, iRobot unveiled its home robots flagship, the Roomba, which has gone on to sell more than 3 million units to date. [1] iRobot began being traded on the NASDAQ in November 2005 under ticker symbol IRBT. In October 2008, iRobot announced that over 2000 PackBots have been deployed
OVERALL
Beta: 1.08
Market Cap (Mil.): $880.32
Shares Outstanding (Mil.): 26.30
Annual Dividend: --
Yield (%): --
FINANCIALS
IRBT.O Industry Sector
P/E (TTM): 33.51 14.36 18.33
EPS (TTM): 131.32 -- --
ROI: 15.80 6.59 1.56
ROE: 16.17 8.11 2.40
Roomba is an automated vacuum cleaning robot released in 2000. To date, over 5 million Roombas have been sold.[1] Several versions of the Roomba have been developed. Roomba is powered by a rechargeable battery and many are available with a docking station to which the Roomba should return to recharge at the end of its cleaning cycle. They work in conjunction with accessories that utilize both IR and RF.
The company intentionally allows customers to hack the robot because they want people to experiment and improve the product. The API for the serial has been published and the serial port made easily accessible to make modifications easy to perform.
Name Age Since Current Position
Angle, Colin 43 2008 Chairman of the Board, Chief Executive Officer
Leahy, John 52 2008 Chief Financial Officer, Executive Vice President, Treasurer
Beck, Jeffrey 48 2009 President - Home Robots Division
Moses, Robert 56 2010 President - Government and Industrial Robots
Dyer, Joseph 64 2010 Chief Operating Officer
Weinstein, Glen 40 2005 Senior Vice President, General Counsel, Secretary
Campanello, Russell 55 2010 Senior Vice President - Human Resources
Dean, Alison 46 2010 Senior Vice President, Corporate Finance
McNamee, George 64 Lead Independent Director
Greiner, Helen 43 2008 Director
Brooks, Rodney 56 2008 Director
Chwang, Ronald 63 1998 Independent Director
Gansler, Jacques 76 2004 Independent Director
Geisser, Andrea 68 2004 Independent Director
Meekin, Peter 61 2003 Independent Director
Kern, Paul 65 2006 Independent Director
Sagan, Paul 52 2010 Independent Director
COMPANY ADDRESS
Irobot Corp
63, South Avenue
Burlington MA 01803
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