iRobot 2007 Annual Report Download - page 71

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ITEM 6. SELECTED FINANCIAL DATA
The selected historical financial data set forth below as of December 29, 2007 and December 30, 2006 and for
the years ended December 29, 2007, December 30, 2006 and December 31, 2005 are derived from our financial
statements, which have been audited by PricewaterhouseCoopers LLP, our independent registered public account-
ing firm, and which are included elsewhere in this Annual Report on Form 10-K. The selected historical financial
data as of December 31, 2005, 2004 and 2003 and for the years ended December 31, 2004 and 2003 are derived from
our financial statements which have been audited by PricewaterhouseCoopers LLP and which are not included
elsewhere in this Annual Report.
The following selected consolidated financial data should be read in conjunction with our consolidated
financial statements, the related notes and “Management’s Discussion and Analysis of Financial Condition and
Results of Operations” included elsewhere in this Annual Report on Form 10-K. The historical results are not
necessarily indicative of the results to be expected for any future period.
December 29,
2007
December 30,
2006
December 31,
2005
December 31,
2004
December 31,
2003
Year Ended
(In thousands, except earnings per share amounts)
Consolidated Statement of
Operations:
Revenue
Product revenue(1) ........... $227,457 $167,687 $124,616 $82,678 $46,655
Contract revenue ............. 21,624 21,268 17,352 12,365 7,661
Total revenue ............. 249,081 188,955 141,968 95,043 54,316
Cost of Revenue
Cost of product revenue ....... 147,689 103,651 81,855 59,321 31,194
Cost of contract revenue ....... 18,805 15,569 12,534 8,371 6,143
Total cost of revenue ........ 166,494 119,220 94,389 67,692 37,337
Gross Profit(1) ................ 82,587 69,735 47,579 27,351 16,979
Operating Expenses
Research and development ..... 17,082 17,025 11,601 5,504 3,848
Selling and marketing ......... 44,894 33,969 21,796 14,106 12,757
General and administrative ..... 20,919 18,703 12,072 7,298 7,764
Litigation and related
expenses(2) ............... 2,341 — — — —
Total operating expenses ..... 85,236 69,697 45,469 26,908 24,369
Operating Income (Loss)......... (2,649) 38 2,110 443 (7,390)
Net Income (Loss) ............. $ 9,060 $ 3,565 $ 2,610 $ 219 $ (7,411)
Net Income (Loss) Attributable to
Common Stockholders ........ $ 9,060 $ 3,565 $ 1,553 $ 118 $ (7,411)
Net Income (Loss) Per Common
Share
Basic ................... $ 0.37 $ 0.15 $ 0.13 $ 0.01 $ (0.79)
Diluted .................. $ 0.36 $ 0.14 $ 0.11 $ 0.01 $ (0.79)
Shares Used in Per Common Share
Calculations
Basic ................... 24,229 23,516 12,007 9,660 9,352
Diluted .................. 25,501 25,601 14,331 19,183 9,352
37
Form 10-K