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 or join and become a member 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?






3D-Printed UAVs Complete Preliminary UK Trials

Parker Hannifin Moves Forward with Indego Exoskeleton

Modular Robotics: A Scrappy Approach to Educational Robots

Factory Robots Get STAMINA Boost

How Honeybee’s Unexpected Meeting with NASA Changed Everything