BEDFORD, Mass., Nov. 1, 2010 – iRobot Corp. (NASDAQ: IRBT), a leader in delivering robotic technology-based solutions, announced today that it has been named to Forbes magazine’s just released list of “Best Small Companies in America.” Ranked no. 16 on the list, iRobot was selected for its significant sales and earnings growth in a challenging economic environment.
“We are very pleased to be recognized as a high-performing company amongst such a remarkable group,” said Colin Angle, chairman and chief executive officer of iRobot. “Now in our 20th year, we are proud of our role in helping to build an industry that has had such a profound impact on many lives. We look forward to what lies ahead in robotics as we continue to see tremendous growth opportunities for our home and government sectors worldwide.”
To qualify for Forbes’ “Best Small Companies in America” list, candidates must be publicly traded for at least one year, generate annual revenue between $5 million and $1 billion, and boast a stock price no lower than $5 per share. The rankings are based on earnings growth, sales growth and return on equity in the past 12 months and over five years. Each company’s stock performance compared with that of its peers was also factored in to compile the rankings.
For more information and to view the full list, please visit: www.forbes.com/best-small-companies.
About iRobot Corp.
iRobot designs and builds robots that make a difference. The company’s home robots help people find smarter ways to clean, and its government and industrial robots protect those in harm’s way. iRobot’s consumer and military robots feature iRobot Aware® robot intelligence systems, proprietary technology incorporating advanced concepts in navigation, mobility, manipulation and artificial intelligence. For more information about iRobot, please visit www.irobot.com.
For iRobot Investors
Certain statements made in this press release that are not based on historical information are forward-looking statements which are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. This press release contains express or implied forward-looking statements relating to, among other things, iRobot Corp.’s expectations concerning management's plans, objectives and strategies. These statements are neither promises nor guarantees, but are subject to a variety of risks and uncertainties, many of which are beyond our control, which could cause actual results to differ materially from those contemplated in these forward-looking statements. Existing and prospective investors are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. iRobot Corp. undertakes no obligation to update or revise the information contained in this press release, whether as a result of new information, future events or circumstances or otherwise. For additional disclosure regarding these and other risks faced by iRobot Corp., see the disclosure contained in our public filings with the Securities and Exchange Commission including, without limitation, our most recent Annual Report on Form 10-K.