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Is iRobot the Company of the Future?


IRBT, iRobot Corporation Future

iRobot has found a way to make money off robots.

Released on Monday, May 1, 2017, 7:10 AM ET
by Email Russ UrbanContact SpeculatingStocks

Pittsburgh, PA (SpeculatingStocks) - The rise of the robots is a theme that we are going to hear more and more of in 2017 and even more so in 2018. Automation may take over 50% of the jobs in the next 10 years. This means that companies that have a pedigree with putting robots to work will be the prime beneficiaries. iRobot Corporation (NASDAQ:IRBT) has shown that it can put robots to work profitability and for consumers.

IRBT has grown revenue from $556 million in 2014 to $616 million in 2015 to $660 million last year. Net income last year came in at $41.93 million. The company is cash flow positive with $34.60 million in cash flow last year and has $214.5 million in cash on the balance sheet and no short or long-term debt. This is a company that has experience in robotics and has a balance sheet that can be used as a springboard into the future. All of this reflects on how well iRobot has been managed.

IRBT has been on an absolute tear since mid-Feburary moving under $55.00 to nearly $80 now. Investors are rewarding IRBT for being properly managed and being in two extremely hot spaces, robotics and automation. These factors both market iRobot as one of the premier companies of the future. IRBT is really the best of breed company of its group.

The company has shown it can focus on one thing, consumer robotics, which is key. However, the company has a longer term plan to play a key role in the smart home. Focus is of utmost importance to a successful business, and when the time comes iRobot will have the expertise to keep leading the way in robotics and automation.

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⇒ About the Author of this News Article:

Russ Urban has been following the stock market for over 17 years and holds a Bachelor's Degree in Finance. From a young age, he watched CNBC with a keen eye and became obsessed with the market and technology. Russ Urban has written hundreds of stock articles and stock picks through the years since he founded, Inc. in 2006 and holds strong faith in the power of the markets and capitalism.

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