iRobot Could Still in Early Phases of Long-Term Growth

Published by , March 5, 2018 2:06 pm

(  iRobot could still be in the early phases of a triumphant long-term growth trajectory. The company has already produced impressive returns for shareholders who got in early, with shares up roughly 275% since its 2008 initial public offering. That performance comes even as the stock has lost roughly 20% of its value following the Feb. 7 release of its full-year earnings results.
Only around 11% of households in the U.S. own a product in the robot category. That suggests a long runway for growth, and iRobot seems to be making some smart moves to realize opportunities and sustain its position in the robotic-appliances space. Worldwide sales for the RVC category grew 25% year over year in 2017 according to iRobot, and Research and Markets expect the category to grow at a compound annual rate of 22.5% through 2023. Mopping bots are currently the other big sales driver and account for a smaller share of iRobot’s overall revenue.

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