iRobot CEO Colin Angle Talks About Defense and Security in Q2 Results

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iRobot CEO Colin Angle Talks About Defense and Security in Q2 Results

iRobot CEO Colin Angle Talks About Defense and Security in Q2 Results
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iRobot CEO Colin Angle Talks About Defense and Security in Q2 Results

by TheStreet 1:14 mins

Despite meeting analysts' quarterly forecasts, iRobot (IRBT) shares were lower on Wednesday. iRobot reported earnings of 28 cents a share for the second quarter of 2014. The robotic technology company announced revenue of $139.8 million up from $130.4 million in the same quarter last year. The company announced a backlog totaling $21 million in its Defense and Security division at the end of the quarter. iRobot CEO Colin Angle told TheStreet, in a phone interview, he is confident in the company's ability to fulfill the orders. Angle said the latest quarter saw the first even split between orders from domestic and international buyers for its defense and security products. Angle forecasts international expansion within the next year. The Street's Kathryn Mykleseth reports from New York.

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