iRobot 2009 Annual Report Download - page 70

Download and view the complete annual report

Please find page 70 of the 2009 iRobot annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 132

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132

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.
January 2,
2010
December 27,
2008
December 29,
2007
December 30,
2006
December 31,
2005
Year Ended
(In thousands, except earnings per share amounts)
Consolidated Statements of
Operations:
Revenue
Product revenue ................. $262,199 $281,187 $227,457 $167,687 $124,616
Contract revenue ................. 36,418 26,434 21,624 21,268 17,352
Total revenue ................. 298,617 307,621 249,081 188,955 141,968
Cost of revenue
Cost of product revenue ........... 176,631 190,250 147,689 103,651 81,855
Cost of contract revenue ........... 30,790 23,900 18,805 15,569 12,534
Total cost of revenue ............ 207,421 214,150 166,494 119,220 94,389
Gross Margin ..................... 91,196 93,471 82,587 69,735 47,579
Operating Expenses
Research and development ......... 14,747 17,566 17,082 17,025 11,601
Selling and marketing . ............ 40,902 46,866 44,894 33,969 21,796
General and administrative ......... 30,110 28,840 20,919 18,703 12,072
Litigation and related expenses(1) .... — — 2,341 — —
Total operating expenses ......... 85,759 93,272 85,236 69,697 45,469
Operating (Loss) Income ............ 5,437 199 (2,649) 38 2,110
Net Income ...................... $ 3,330 $ 756 $ 9,060 $ 3,565 $ 2,610
Net Income Attributable to Common
Stockholders .................... $ 3,330 $ 756 $ 9,060 $ 3,565 $ 1,553
Net Income Per Common Share
Basic ......................... $ 0.13 $ 0.03 $ 0.37 $ 0.15 $ 0.13
Diluted ........................ $ 0.13 $ 0.03 $ 0.36 $ 0.14 $ 0.11
Shares Used in Per Common Share
Calculations
Basic ......................... 24,998 24,654 24,229 23,516 12,007
Diluted ........................ 25,640 25,533 25,501 25,601 14,331
(1) Consists of costs for litigation relating to lawsuits filed against Robotic FX, Inc. and Jameel Ahed, as well as
settlement costs related to the litigation.
January 2,
2010
December 27,
2008
December 29,
2007
December 30,
2006
December 31,
2005
(In thousands)
Consolidated Balance Sheet Data:
Cash and cash equivalents ......... $ 71,856 $ 40,852 $ 26,735 $ 5,583 $ 76,064
Short term investments ............ 4,959 — 16,550 64,800 —
Total assets .................... 199,584 163,678 169,092 135,308 124,935
Total liabilities .................. 66,390 44,002 58,865 40,389 37,379
Total stockholders’ equity .......... 133,194 119,676 110,227 94,919 87,556
36