iRobot Corporation

iRobot Corporation

iRobot Corporation

Overview
Date Founded

2000

Headquarters

8 CROSBY DRIVE, BEDFORD, MA, 01730

Type of Company

Public

Employees (Worldwide)

1,128

Industries

Appliances & Electronics
Internet Software & Services
Industrial Machinery & Manufacturing
Computer Software

Company Description

iRobot designs and builds robots that make a difference. iRobot was founded in 1990 by Massachusetts Institute of Technology roboticists with the vision of making practical robots a reality. In 2012, iRobot generated $436 million in revenue and employed more than 500 of the robot industry’s top professionals, including mechanical, electrical and software engineers and related support staff. iRobot stock trades on the NASDAQ stock market under the ticker symbol IRBT. iRobot’s corporate headquarters are located in Bedford, Mass. The company also has offices in California, the United Kingdom, China and Hong Kong.

Contact Data
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Executives & Employees

Co-Founder

Executive Vice President & Chief Financial Officer

Executive Vice President & Chief Financial Officer

Chief Technology Officer

Executive Vice President & Chief Product Officer

Chief Legal Officer, Executive Vice President & Secretary

Chief Supply Chain

Executive Vice President, Human Resources & Corporate Communications

Executive Vice President, Engineering

Owner

Board of Directors

Senior Advisor-Principal Investors & Private Equity at The Boston Consulting Group, Inc.

Former Executive Vice President, Chief Financial & Accounting Officer at PTC, Inc.

Former Executive Vice President, Finance & Chief Financial Officer at Varian Medical Systems, Inc.

Former Senior Vice President-Product Development (Palm Inc.) at HP, Inc.

Chief Executive Officer at International Data Group, Inc.

Former Vice President-Consumer Shopping Experience at Amazon.com, Inc.

Former Chairman & President-China Region at Motorola, Inc.

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Owners & Shareholders
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GO ETF's strategy is to track the performance of the applicable benchmark index of the relevant exchange traded fund. The firm range of specialist exchange traded products include commodities, FX and thematic equities traded on major exchanges globally.

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Raging Capital Management predominately employs a long-short strategy on behalf of the funds, which focuses mainly on small- to mid-cap US companies. Each SPV generally holds a specific underlying investment, which may be held directly by the funds or used to facilitate a specific co-investment opportunity.Raging Capital seeks to achieve superior long-term, absolute, risk-adjusted returns regardless of overall market performance without taking outsized risks, and to maximize after tax returns. To achieve this, the firm employs a hedged/long-short, generalist investment strategy that invests primarily in equity and debt securities of small to mid-cap US companies, with primary focus on companies that are not well covered by Wall Street analysts. Raging Capital also selectively executes activist strategies, which may include advocating to change the board composition, corporate strategy and/or financial strategy of the funds' portfolio companies when they believe such actions will help protect and maximize the value of the funds' investments. Raging Capital uses a fundamental and research-driven in which returns are derived from security selection, not market direction. In managing the funds, Raging Capital may use complementary derivatives in order to selectively enhance returns and/or reduce risk.Raging Capital Management is an activist firm and is included in the SharkWatch50 as one the 50 most prominent activist investors.

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Walleye Capital LLC, part of Walleye Investments Fund LLC, is a company headquartered in Plymouth, MN. The firm provides investment advice. It was founded by Mark Steven Lyons. Andrew J. Carney has been the CEO since 2006.

Recent Transactions
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iRobot Corporation purchases Robopolis SAS from Evolem SA

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iRobot Corporation purchases Sales On Demand Corp. /iRobot Distribution Business from Sales on Demand Corp.

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InTouch Technologies, Inc., Beringea LLP purchase AcuteCare Telemedicine LLC

Insider Transactions
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Transaction Advisors
Legal Advisor

Advised oniRobot Corporation issued USD Common Stock

Underwriter

Advised oniRobot Corporation issued USD Common Stock

Underwriter

Advised oniRobot Corporation issued USD Common Stock

Legal Advisor

Advised oniRobot Corporation issued USD Common Stock

Legal Advisor

Advised oniRobot Corporation purchases Evolution Robotics, Inc.

Legal Advisor

Advised oniRobot Corporation purchases Evolution Robotics, Inc.

Advisors & Consultants
Advisor

Executive Vice President & Chief Financial Officer at iRobot Corporation

Legal Advisor

Co-Chair, Intellectual Property Litigation Practice Group at Choate Hall & Stewart LLP

Advisor

Co-Founder/Chief Executive Officer at Embodied, Inc.

Clients

Amazon.com, Inc. engages in the provision of online retail shopping services. It operates through the following business segments: North America, International, and Amazon Web Services (AWS). The North America segment includes retail sales of consumer products and subscriptions through North America-focused websites such as www.amazon.com and www.amazon.ca. The International segment offers retail sales of consumer products and subscriptions through internationally-focused websites. The Amazon Web Services segment involves in the global sales of compute, storage, database, and AWS service offerings for start-ups, enterprises, government agencies, and academic institutions. The company was founded by Jeffrey P. Bezos in July 1994 and is headquartered in Seattle, WA.

HNA Technology Co. Ltd. engages in the maritime business. Its business includeinternational shipping container transport, warehousing services; land and sea transport; container leasing, owned vessels; equipment and container for import business; ship leasing; owned decommissioned ships and ship equipment for export business; owned rental housing, space leasing, international freight forwarders, international ship management services and domestic ship management business. The company was founded on December 1, 1992 and is headquartered in Tianjin, China.

Key Stats and Financials As of 2019
Market Capitalization
$1.48B
Total Enterprise Value
$1.31B
Earnings Per Share
$2.97
Five Year Compounded Annual Growth Rate Of Revenue
16.83%
Three Year Compounded Annual Growth Rate Of Revenue
22.42%
Debt TEV
0.05x
TEVNet Income
15.3x
Enterprise Value EBITDAOperating
10.2x
Enterprise Value Sales
1.08x
Total Equity
$652M
Total Debt
$61.8M
EBITDAMargin
10.06%
EBITDA
$122M
Net Profit
$85.3M
Revenue
$1.21B
Non-Profit Donations & Grants
$1,000 - $4,999
2016
$1,000 - $4,999
2015
$5,000 - $10K
2014
Political Donations
$5,000 +
Investments
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InTouch Technologies, Inc. engages in the development, manufacture, and marketing of remote presence devices and medical robots for clinical applications. Its solutions include consumer, specialty, and emergent telehealth solutions. The firm also offers implementation, consulting, and physician capacity management solutions. The company was founded by Yulun Wang, Michael Chan, Steve Jordan, and Keith Phillip Laby in 2002 and is headquartered in Santa Barbara, CA.

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Intuition Robotics Ltd. develops social companion technology. Its products enable the older adults to connect with friends and family. The company was founded by Roy Amir, Itai Mendelsohn, and Dor Skuler in 2015 and is headquartered in Ramat-Gan, Israel.

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6 River Systems, Inc. provides turnkey automation solutions for e-commerce fulfillments. The company was founded by Jerome Dubois, Christopher Cacioppo and Rylan Hamilton in 2015 and is headquartered in Waltham, MA.

Investors
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Founder at Streamlined Ventures LLC

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ID Ventures America invests in early-stage companies located in North America primarily in the US. The firm invests in technology companies operating in smart sensors, medical/wellness solutions, robotics/artificial Intelligence and Advanced Network Technologies.

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Lecturer at Dartmouth College

Suppliers
InvenSense, Inc. Semiconductors | San Jose, CA

InvenSense, Inc. develops micro electro mechanical systems based motion processing products for handheld consumer electronics devices. It offers mobile, industrial, automotive, smart remotes, wearables, and drones solutions. The company was founded by Steven Saeed Nasiri in June 2003 and is headquartered in San Jose, CA.

Altium Ltd. Computer Software | Chatswood, Australia

Altium Ltd. engages in developing and selling of computer software for the design of electronic products. It operates through the following segments: Board and Systems; Micro-Controllers and Embedded Systems; and Makers and Content. The Board and Systems segment includes results from PCB business for the americas, EMEA, asia pacific and emerging Markets regions as well as other products sold through partner channels. The Micro-Controllers and Embedded Systems segment comprises of results from tasking sales, operations and research and development. The Makers and Content segment covers the results from Octopart. The company was founded by Nicholas Martin in 1985 and is headquartered in Chatswood, Australia.

Amazon.com, Inc. IT Consulting & Services | Seattle, Washington

Amazon.com, Inc. engages in the provision of online retail shopping services. It operates through the following business segments: North America, International, and Amazon Web Services (AWS). The North America segment includes retail sales of consumer products and subscriptions through North America-focused websites such as www.amazon.com and www.amazon.ca. The International segment offers retail sales of consumer products and subscriptions through internationally-focused websites. The Amazon Web Services segment involves in the global sales of compute, storage, database, and AWS service offerings for start-ups, enterprises, government agencies, and academic institutions. The company was founded by Jeffrey P. Bezos in July 1994 and is headquartered in Seattle, WA.

Competitors
Xiaomi Corp. Other Manufacturing - Beijing, China

Xiaomi Corp. engages in the design, manufacture and sale of smartphone, hardware and software products. Its business covers power bank, audio, camera and lifestyle. Xiaomi doing business through three business segments-Hardware, E-commerce & New Retail and Internet services. Its products include power bank pro, headphones, in-ear headphones pro, bluetooth headset basic with dock, bluetooth speaker, sphere camera, home security camera, action camera, robot builder, electric scooter, bedside lamp, and body composition scale. The company was founded by Jun Lei, Bin Lin, Wan Qiang Li, Feng Hong, De Liu, Chuan Wang, and Jiang Ji Huang on March 3, 2010 and is headquartered in Beijing, China.

Samsung Electronics Co., Ltd. Other Manufacturing - Suwon, South Korea

Samsung Electronics Co., Ltd. engages in the manufacturing and selling of electronics and computer peripherals. The company operates through following business divisions: Consumer Electronics, Information Technology & Mobile Communications and Device Solutions. The Consumer Electronics business division provides cable television, monitor, printer, air-conditioners, refrigerators, washing machines and medical devices. The Information Technology & Mobile Communications business division offers handheld products, communication systems, computers and digital cameras. The Device Solutions business division comprises of memory, system large scale integrated circuit and light emitting diode. The company was founded on January 13, 1969 and is headquartered in Suwon, South Korea.

Hitachi Ltd. Appliances & Electronics - Tokyo, Japan

Hitachi Ltd. engages in the manufacture and sale of electrical equipment. It operates through the following segments: IT, Energy, Industry, Mobility, Life, Hitachi High Technologies, Hitachi Construction Machinery, Hitachi Metals, Hitachi Chemical and Others. The IT segment handles system integration, consulting, control system, cloud service, software, IT products such as storage and servers, and automated teller machines. The Energy segment pertains to power generation system (nuclear power, renewable energy, thermal power) and power grid system. The Industry segment covers industrial and distribution system, water and environment system, and industrial equipment. The Mobility segment includes building system like elevator and escalator, and railway system. The Life segment manages medical equipment; life and ecosystem such as refrigerator, washing machine, room air conditioner and commercial air conditioner; automotive system including powertrain system, chassis system and advanced driving support system. The Hitachi High Technologies segment covers medical / life science products, analytical equipment, semiconductor manufacturing equipment, manufacturing / inspection equipment, and advanced industrial materials. The Hitachi Construction Machinery segment handles hydraulic excavator, wheel loader, mining machine, maintenance / service, civil engineering solution, and mine operation management system. The Hitachi Metals segment manages special steel products, base material products, magnetic materials / power electronics, and wire materials. The Hitachi Chemical segment covers functional materials (electronic materials, wiring board materials, electronic components), advanced components and systems (mobility materials, power storage devices, life science related products). The Others segment comprises of optical disc drives and real estate management, buy and sell. The company was founded by Namihei Odaira in 1910 and is headquartered in Tokyo, Japan.

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