COMPANY PROFILE
iRobot Corp
REFERENCE CODE: B9A0DE0A-90A8-4B0C-A614-C14F50E8A27F
PUBLICATION DATE: 06 Sep 2023
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iRobot Corp
TABLE OF CONTENTS
iRobot Corp
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TABLE OF CONTENTS
Company Overview …………………………………………………………………………………………..3
Key Facts…………………………………………………………………………………………………………. 3
Business Description ………………………………………………………………………………………..4
History ……………………………………………………………………………………………………………..5
Key Employees ……………………………………………………………………………………………….13
Key Employee Biographies ……………………………………………………………………………..14
Major Products & Services ………………………………………………………………………………17
Top Competitors ……………………………………………………………………………………………..19
Company View ………………………………………………………………………………………………..20
Locations And Subsidiaries …………………………………………………………………………….25
iRobot Corp
Company Overview
iRobot Corp
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Company Overview
COMPANY OVERVIEW
iRobot Corp (iRobot) designs and builds home robots for indoor and outdoor use. The company’s home
care robots provide assistance with domestic chores. It offers its products under the brands Roomba,
NorthStar, Create, iAdapt, Aware, Home Base, Looj, Braava, AeroForce, Mirra, vSLAM, iRobot and
Virtual Wall. iRobot is also engaged in the manufacturing of coding robots that are used in providing
coding services to children. The company operates its business across various regions including in the
US, Asia and European regions. iRobot is headquartered in Bedford, Massachusetts, the US.
The company reported revenues of (US Dollars) US$1,183.4 million for the fiscal year ended December
2022 (FY2022), a decrease of 24.4% over FY2021. The operating loss of the company was US$240.4
million in FY2022, compared to an operating loss of US$1.1 million in FY2021. The net loss of the
company was US$286.3 million in FY2022, compared to a net profit of US$30.4 million in FY2021.
The company reported revenues of US$236.6 million for the third quarter ended July 2023, an increase
of 47.6% over the previous quarter.
Key Facts
KEY FACTS
Head Office
iRobot Corp
8 Crosby Dr
Bedford
Massachusetts
Bedford
Massachusetts
USA
Phone
1 781 4303000
Fax
1 781 4303001
Web Address
www.irobot.com
Revenue / turnover (USD Mn)
1,183.4
Financial Year End
December
Employees
1,139
NASDAQ Ticker
IRBT
iRobot Corp
Business Description
iRobot Corp
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Business Description
BUSINESS DESCRIPTION
iRobot Corp (iRobot) develops robotics and artificial intelligence technologies and applies these
technologies in producing and marketing robots. The company sells its robots to consumers through a
variety of distribution channels such as chain stores and other national retailers, and through its online
store; and to the US military and other government agencies around the world. The company operates in
the US, Asia and Europe.
The company operates through a single segment, consumer robots. iRobot’s product portfolio includes
robots for vacuuming, mopping and coding robots. It offers portfolio of solutions with proprietary
technologies for advanced concepts in cleaning, human-robot interaction, mapping and navigation, and
physical solutions, and connected homes. The company offers products that are designed to use indoor
and outdoor cleaning applications. The company offers vacuum robots under the brand Roomba. The
Roomba robots are equipped with powerful cleaning systems and intelligent sensors that clean pet hair,
crumbs, dirt, and daily dust. These robots can be operated from a remote location.
Its serves its product line through various brands including Roomba, Braava and iRobot Education iRobot
offers mopping robots under the brand Braava. The Braava robots are used for different floors and room
sizes. Its product line includes Braava m series, Braava 200 series Braava 300 series and iRobot Bundles
The company offers coding robots under the brand iRobot Education.
The coding robot provides educational insights in regard to coding. Its premium features makes learning
easy in any natural environment including home and school.
Geographically, the company operates its business across four regions including the US, EMEA, Japan
and Others. In FY2022, the US region accounted for 48.2% of the company’s total revenue, followed by
EMEA 30.1%, Japan 14.2% and the remaining 7.5% was contributed by others.
iRobot Corp
History
iRobot Corp
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History
HISTORY
New Products/Services
Year: 2023
In August, the company launched Roomba Combo j5+, i5 robot vacuum for intelligent cleaning.
Regulatory Approval
Year: 2023
In June, iRobot secured approval from the UK’s competition regulator to be acquired by Amazon.
Acquisitions/Mergers/Takeovers
Year: 2021
In November, iRobot acquired Aeris Cleantec AG, a provider of premium air purifiers.
New Products/Services
Year: 2021
In April, the company launched iRobot H1 handheld vacuum for cleaning hard-to-reach areas like
couches, curtains, and stairs.
Contracts/Agreements
Year: 2020
In January, the company entered into a partnership with IFTTT Inc, to enable new embedded smart home
integrations.
New Products/Services
Year: 2020
In the year 2020, the company has introduced Roomba® i3+, a robot vacuum that offers intelligent
navigation and self-emptying capability.
New Products/Services
iRobot Corp
History
iRobot Corp
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Year: 2020
The company has launched its new home intelligence cleaning system under the brand name iRobot
Genius.
Acquisitions/Mergers/Takeovers
Year: 2019
In June, iRobot acquired Root Robotics in Massachusetts, the US.
New Products/Services
Year: 2019
In February, the company launched the Terra robotic mower, which utilizes iRobot’s Imprint Smart
Mapping technology.
Contracts/Agreements
Year: 2018
In October, iRobot entered into a collaboration with Google to integrate robotic and smart home
technologies to advance the next-generation smart home.
Contracts/Agreements
Year: 2017
In July, iRobot entered into an agreement to acquire Robopolis SAS.
Acquisitions/Mergers/Takeovers
Year: 2017
In 2017, the company acquired iRobot-related distribution business of privately-held Sales On Demand
Corporation (SODC) based in Tokyo, Japan.
Acquisitions/Mergers/Takeovers
Year: 2017
iRobot completed the acquisition of Robopolis SAS in October.
iRobot Corp
History
Contracts/Agreements
Year: 2016
iRobot entered into a definitive agreement to sell its Defense and Security business to Arlington Capital
Partners for up to $45 million, in 2016.
Contracts/Agreements
Year: 2015
In 2015, the company’s Defense and Security business unit received two IDIQ contracts with a combined
total ceiling of $96 million from the Naval Surface Warfare Center, Indian Head Explosive Ordnance
Disposal Technology Division.
Contracts/Agreements
Year: 2015
In 2015, iRobot received a $9.8 million contract from the US Marine Corps Systems Command for 75
SUGV robot systems. In the same year, the company received a $4 million contract from the US Navy for
