iRobot Corp - Company Profile

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Business Description

iRobot Corp (iRobot) is a designer, developer, and marketer of consumer robots. It operates through a single reporting segment: Consumer Robot. The company classified its offerings under three product categories: Floor Care Robots, Cleaning Products, Air Purifiers, and Coding Robots. The Floor Care Robots category includes floor vacuuming robots under Roomba brand and automatic floor mopping robots under Braava brand. Roomba floor vacuuming robots also includes the Roomba Combo j7 floor cleaning robot, accessories and consumables, including the replacement dirt disposal bags for the Clean Base, batteries, brushes, and filters. The Braava family of robots also offers related consumables and accessories, such as replacement tanks and batteries, washable and disposable mopping pads, and cleaning solution. The company operates in Asia and Europe.

R&D Overview

iRobot R&D arm focuses on the development of new products and related accessories, and the enhancement of existing products through the development of new applications. Its R&D team develops new hardware products and software, and improves its existing software to meet emerging trends and customer demands. As of December 2023, the company held more than 1,000 foreign patents and 556 US patents. It has more than 350 pending patent applications across the world. The company It carries out R&D activities Bedford, Massachusetts. In FY2023, the company incurred expenses of US$144.1 million on R&D, which as a percentage of revenue stood at 16.2%.




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Performance

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Performance

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Performance

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Performance

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