iRobot announces solid results in Q1, share rising from +33%

iRobot has just announced its first quarterly performance, on the increase compared to analysts' forecasts. The IRBT share took +33% in 1 single day, going from 15 to 20 dollars. The company reported gains of 24 cents per share for the first quarter in 2010 (Q1), while analysts were banking on 4 cents per share. Sales were established at 95 million dollars (+67%) for the first quarter while forecasts were of 83.8 million. Conversely, revenue for the same period the previous year was 57 million dollars with a loss of 7 cents per share. The highlight this year: the sales of its robot vacuum cleaner, Roomba, have doubled. In one year the company has also hired more than 80 persons, taking the number of its employees to 570. iRobot has 64 million dollars in cash and just 4 million of funded debt.