Get the most out of Ro­bot­ics Business Review!



This is an article excerpt. Please register to view the entire article.
Learn more about membership benefits and start your membership today!

iRobot Stock Drops After Closing Maritime Operations in North Carolina
80 layoffs occur as a result of government indecision regarding defense robot purchases
By RBR Staff


“Our defense and security business had its best performance of the year, delivering revenue of $30 million. U.S. government funding and program delays, however, continued to negatively impact our near-term expectations for this business unit. With home robots accounting for more than 80% of the company’s total revenue, iRobot’s financial performance will be driven by growth in the consumer business and less impacted by the ups and downs in the defense business.”

                                                                   …

To continue reading, join today.

Get started
Create your membership.
Already a member?





Comments
No comments yet. Be the first to post a comment.

Name:

Email:


View comment guidelines

Remember me

Notify me of follow-up comments?




Special Focus: Robots and the Law

Special Focus: 3D Printing
3D Printing

The new reality of customizable, one-off production:
Additive Manufacturing (AM). Where it’s going, why and what’s
driving its emergence.


RoboBusiness as Tool for Creativity and Innovation

Does HP’s Meg Whitman Scare Stratasys?

Tomorrow’s Supply Chains Today
More in 3D Printing



Microsoft Lays Off Robotics Team

3D Robotics' Wild Week: Richard Branson, Intel, Iris+

ReWalk Eyes Future After $36M IPO

Volvo Opens $70M AstaZero Test Site for Self-Driving Cars

Unbounded Robotics Shutdown: A Lesson for All Startups