iRobot Shareholder Meeting Details

An anonymous poster added this to the comments (I did not attend the June 28 Annual Shareholder meeting):

The meeting was interesting. The company was vague about most things (as would be expected) but there were a few interesting bits of info thrown out. These are some of the things that I thought were interesting (but certainly there was much more presented.):
- On the G&I side, they see growth from 4 to 10 major products next year, and many more in the future.
- They posted a slide on potential sales of G&I products in a 3-5 yr outlook that was extremely optimistic: 10,000 - 20,000 SUGV, 2,000 - 3,000 PackBot, 500 - 1,000 Warrior, 200 - 400 intelligent vehicles (R-Gator & unmanned sm boats).
- Still maintaining that there will be 2 new non-floor-cleaning home robots this year with no clues as to what they will be.
- Increasing direct and international sales (doing at least as well per capita in Canada as they are in the US.)
- In the long-term (4 years), they are looking to increase gross profit to 40-42% of revenue. (Up from 36-37% projected for this year.) They expect to do this by increasing direct business, selling with higher margins and higher quality, and increasing product lifecyle revenue (accessories, etc., which has higher margins) among other things.