iRobot closed Q1 with a growth of 29%


iRobot announced its financial results for the first quarter ended March 31, 2018. The company reached a revenue of 217.1 million dollar, compared with 168.5 million for the first quarter of 2017, while operating income in the first quarter of 2018 was 25.4 million, compared with 21.6 million in the first quarter of 2017. First-quarter revenue grew 26% in the U.S. and 32% internationally over Q1 2017. iRobot acquisitions have enabled more consistent global control of the company’s brand and execution of its marketing programs. Investments in R&D continue as planned, and new product introductions are on schedule for launch in the second half
«We are off to the strong start we expected in 2018 – Colin Angle, chairman and chief executive officer of iRobot. – First-quarter revenue grew 29% over Q1 2017, driven by growth across all major regions. Robust replenishment, following strong Q4 2017 holiday sell-through, and shipments to support Q2 holidays in the United States, drove domestic revenue growth of 26% over last year. EMEA and Japan also saw significant year-over-year growth of 47% and 38%, respectively, in part driven by the revenue uplift from acquisitions, neither of which we had in Q1 2017.»