- Down in AH trading yesterday following its Q4 report, iRobot (IRBT +15.1%) is now up sharply, as investors focus on the company's Q4 beat and strong 2014 revenue guidance more than its light Q1 guidance and 2014 EPS forecast.
- Needham (Buy) has upped its PT to $41 from $39. The firm is pleased with the 31% Y/Y Q4 growth seen by iRobot's home robot business (86% of revenue) on the back of 50% U.S. sales growth, and expects the business to keep up its momentum in 2014. It's also upbeat about the potential of iRobot's telepresence robots.
- Gross margin rose 240 bps Y/Y in Q4, as higher defense/security margins offset a 160 bps drop in home robot margins. 494K home robot units were shipped at an ASP of $223 (+$8 Q/Q and +$6 Y/Y).
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From other sites
at CNBC.com (Mar 6, 2015)
at Zacks.com (Feb 26, 2015)
at Benzinga.com (Feb 4, 2015)
at CNBC.com (Jan 14, 2015)
at CNBC.com (Nov 20, 2014)
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