The JPMorgan webcast is available here, and engadget reports on it here. The new robots will have "mechanical features." Er, we knew that. Greiner said they want to have real launches for the new products instead of just dribble out details. (That seems to bode well for significant products). There also is a chance of moving in to Wal-Mart (Roomba 400 anyone?) Nothing else really new here I heard. The new iRobot Warrior is a key driver in 2008, new marketing chief also is exciting given the need to transform Roomba from niche to maintream. Greiner noted the tweak in guidance that they have more of a bias towards booking profits instead of reinvesting all proceeds into the business. CFO Geoff Clear said target is 40 percent gross profit margin. Around 37 percent now. Hope to leverage operating expenses in future to boost pretax operating margin to mid-teens, etc.
Also of note, iRobot has a analyst day May 30 and another conference June 12, so management is clearly focused on boosting investor confidence and, hopefully, the stock price. So far it seems to be working, as the stock has bounced about 30 percent off of its lows.
Tags: iRobot, robot
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