An Interview with iRobot CEO Colin Angle
There\u2019s no doubt the pandemic has helped accelerate the growth story for iRobot (NASDAQ: IRBT). Best known for its Roomba robotic vacuums, iRobot\u2019s revenue soared 43% year over year in the third quarter, buoyed by a 70% increase in e-commerce sales and an 86% jump in sales of its premium ($500 or above) robots.
\nBut iRobot\u2019s ambitions extend well beyond its flagship vacuum line. In this exclusive interview with 7investing Lead Advisor Steve Symington, iRobot Chairman, co-founder, and CEO Colin Angle covers everything from iRobot's efforts to build stronger direct relationships with consumers to the recent launch of their Genius Home Intelligence Platform, the challenges of tariffs and international trade tensions, the status of their Terra robotic lawnmower project, and the company\u2019s longer-term vision for smart homes and the home-robotics industry.
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