iRobot reported strong Q4 and full-year 2009 numbers.
Company chairman and CEO Colin Angle declared, "We delivered record quarterly revenue of more than $100 million in the fourth quarter and full-year revenue of nearly $300 million. Earnings per share and adjusted EBITDA significantly exceeded expectations for the fourth quarter and full year."
According to an official statement, iRobot generated $41 million of operating cash flow in 2009, compared with $19 million in 2008, and improved their cash and investments position year-over-year by $36 million to nearly $77 million at year end.
Among the highlights for the year:
· International home robot revenue in 2009 increased 35.2 percent from 2008 and comprised more than half of total home robot revenue for the year.
· Government & Industrial Robots revenue increased 10.7 percent in the fourth quarter over last year and ended the year with a record $42 million in product backlog.