Yes. Can see transcript on website. Here is extra color: Angle was cagey about new product that will have VSLAM in 2015. There will definitely be one. When pushed, he would not commit to whether it will be Roomba or a new product category...just mentioned "home". I suspect it will be Roomba and he did not want to expressly say that as it will hurt sales of existing models. New RP-VITA and AVA product categories are not going to ramp up until scalability (i.e., standardization and expediency and low cost of implementation are achieved)...plan to do so this year. Angle says they have the right platform today to succeed when pushed on it. Japan is weak and causing Q1 2015 numbers to suck. China will pick up most of the slack and advertising is more slanted to Roomba vs. "wet" than initially planned as they believe Roomba has more runway that initially thought. More focus on international on defense and growth looks relatively good there. That was it. So, good Q, average guidance and a TBD on new entry. With $220 sitting in cash and mid-teen growth rates and new product entry, the PE is low in my opinion. I suspect it will hold around 30 until Q1 results....may go as low as 25 and then bounce. Until there is significant growth somewhere else...new product or AVA/RP VITA take off, this thing will hover for a while...while generating cash and profits...so it is still a keeper.
He has made his fortune while the stock went nowhere for a decade. Now he has left the company in a position where their only revenue generating product is about to become roadkill courtesy of dyson and other new competitors. We need a visionary.
I agree: (1) Defense (2) Healthcare (3) Consumer (4)Space. The "3rd Industrial Revolution" is just starting, and intelligent robots are the future.
A visionary of roomba? What else did he do? Even this roomba is unlikely to survive. In Asia, people have many other brands to choose from..... Colin should go and we need a true visionary!
From Motley Fool:
iRobot Corporation (NASDAQ: IRBT ) just released reasonably solid fourth-quarter results. But if iRobot stock's 8% after-hours drop is any indication, the market isn't happy. So what happened?
On one hand, quarterly revenue climbed 20.7% year over year to $159.3 million. That's within iRobot's guidance range, but below Wall Street's optimistic expectations for sales of $164 million. Net income, on the other hand, nearly tripled to $0.31 per share, which is both at the high end of iRobot's expected range and above analysts' expectations for earnings of $0.30 per share.
"All three of our businesses met our expectations and made significant progress against their strategic plans," said iRobot CEO Colin Angle, "setting us up well for 2015."
iRobot enjoyed solid 19% year-over-year growth in overall Home iRobot sales, including an increase of over 20% domestically and 17% overseas. Meanwhile, though iRobot's press release didn't contain specifics, it did say the Remote Presence business "continued to ramp sales" of RP-VITA telemedicine robots for use in hospitals, and it sold Ava 500 Video Collaboration robots to "several" Fortune 500 companies.
Finally, iRobot says its Defense & Security business "delivered results consistent with expectations, exited 2014 with a solid backlog, and is positioned for healthy growth in 2015." For perspective, this means iRobot's D&S business is poised for its first year-over-year sales increase since 2011.
On guidance Speaking of which, for the current quarter iRobot expects revenue of $114 million to $117 million, and earnings per share of $0.08 to $0.10. Both ranges are well below analysts' expectations for sales and earnings of $133.8 million and $0.27 per share, respectively.
To its credit, iRobot's full-year outlook at least partially narrows that gap; iRobot expects 2015 revenue of $625 to $635 million, representing 12% to 14% growth over 2014, and earnings per share between $1.25 and $1.45. Even so, the midpo
Sentiment: Strong Buy
or takeUNDER target... flat revs, no real guidance. Wall Street hates this company, if IRBT focused more on defense initiatives etc instead of cleaning a lazy woman's house, this would be a lot higher. And to think I almost bought some of this at $36 recently... long way to go here, fire the CEO and get some new blood with VISION... GLTA, I have no position here.
Get real there are no real competitors, the other products, so far, are high priced junk. IRBT is way ahead in household, military, remote medical, remote business, so you don't know diddly squat and the IRBT CEO ....if compared to you... enough said.
Total Cash Per Share (mrq): $7.49
I see absolutely nothing negative about this company for long term.
Sentiment: Strong Buy
Willem Mesdag‘s Red Mountain Capital as it initiated a stake in iRobot Corporation (NASDAQ:IRBT) by acquiring some 1.5 million shares representing 5.1% of the company’s outstanding common stock.
And suck every last drop of blood out of the retail shareholder.....Major beat on the top and bottom despite being in a Global Depression......and the stock goes even lower yet again???
Right after the High Speed trader was arrested for causing the flash Crash too.
I just noticed in FreshPatents that iRobot is patenting a "Compact Autonomous Coverage Robot", which appears to be Roomba-ish vacuum device with a flat front that can better clear in corners. Good thing, too, as the Panasonic cleaner is touted as being able to clean in corners due to its wedge-shaped design. Nice to see iRobot is looking to expand its robotic cleaning line even further.
Sentiment: Strong Buy
It may get back to $40. The question is when! There is an increasing competitors for Roomba and the company has no new products. It needs a new CEO!!!