iRobot Going Public

Posted 29 Jul 2005 at 23:38 UTC by steve

andreww writes, "It looks like everybody's poster child for a successful robotics company is going to be doing an IPO. Hopefully this is a sign of things to come as the industry grows and it's products become more useful." This will be a $115 million NASDAQ IPO and they're trying to get the symbol IRBT. For the details, see iRobot's press release. If you're thinking about investing, it's worth nothing that iRobot is losing money ($7.2 million so far this year) and they're losing it twice as fast this year as last year. There are related articles about the IPO on Forbe's, Red Herring, the Boston Globe and ZDNET. There was also a CNET interview with CEO Colin Angle earlier this month.

I'll buy some, posted 1 Aug 2005 at 13:07 UTC by jeffkoenig » (Master)

All my wife wanted for our anniversary was a Roomba. We're going to buy a Scheduler when it is available, hopefully this month.

I think iRobot may be positioned well - they have a working relationship with John Deere, and I can only see that progressing into automated robots for harvesting.

They have government projects. Packbot is in the field.

They've been the best at cracking the home robot market, so far. (Well, maybe Hero was...ulp.)

Regardless, I think I'll throw 'em a few bucks. Maybe not at the IPO, but shortly after. The Robot Store (which was purchased by Jameco) had a good quote printed in their catalog:

"Every dollar you spend is a vote for the kind of future you want to live in."

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