Review of The Roomba Irobot Vacuum Cleaner

iRobot Reports Record Second-Quarter Revenue and Earnings.
Company Increases 2010 Outlook

BEDFORD Bedford, town, England
Bedford, town (1991 pop. 75,632), county seat of Bedfordshire, central England, on the Ouse
River. It is an important industrial center; diesel engines, pumps, turbines, agricultural machinery,
electrical equipment, and transistors, Mass. -- iRobot This article is about the robot company. For
other uses, see I, Robot (disambiguation). The iRobot Corporation is a public corporation
(NASDAQ: IRBT), based in Burlington, Massachusetts, that designs robots for businesses,
homes, and the military. Corp. (NASDAQ NASDAQ
in full National Association of Securities Dealers Automated Quotations
U.S. market for over-the-counter securities. Established in 1971 by the National Association of
Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : IRBT), a
leader in
delivering robotic robotic
adj.
Relating to, characteristic of, or employing robots. technology-based solutions, today announced
its
financial results for the second quarter ended July July: see month. 3, 2010.
"Revenue, earnings per share and Adjusted EBITDA (Earnings Before Interest, Taxes,
Depreciation and Amortization) A metric used to show a company's profitability, but not its cash
flow. EBITDA became popular in the 1980s to show the potential profitability of leveraged buyouts,
but has become significantly
exceeded expectations for the quarter," said Colin Angle Colin Angle is co-founder and chief
executive officer of iRobot Corporation, maker of the Roomba robotic vacuum cleaner. External
links
iRobot Corporation: Management Team Colin Angle 1: 14 Failed Business Models, chairman
and chief executive officer of iRobot. "Adjusted EBITDA was more
than $12 million,or 13 percent of revenue, and we generated $15 million
of operating cash flow Operating cash flow
Earnings before depreciation minus taxes. Measures the cash generated from operations, not
counting capital spending or working capital requirements.. Cash and investments increased $48
million
year-over-year to more than $98 million at quarter end.
"As a result of outstanding performance by both divisions in
the second quarter and good visibility for the rest of 2010, we are
increasing our full-year financial expectations."

Revenue for the second quarter of 2010 increased 59 percent to $98
million, compared with $61 million for the same quarter one year ago.
Revenue for the first half of 2010 increased 63 percent to $193 million,
compared with $118 million a year ago. Gross margin for the second
quarter increased to 35 percent of revenue, compared with 27 percent of
revenue in the second quarter of 2009. For the first half of 2010, gross
margin was 35 percent, up from 28 percent for the first half of 2009.
Net income in the second quarter of 2010 was $5 million, compared with a
net loss of $3 million in the second quarter of 2009. Net income for the
first half of 2010 was $11 million, compared with a loss of $4 million
for the first half of 2009.
Business Highlights
* International home robot revenue in Q2 2010 was up more than 80
percent year-over-year to $36 million and comprised 67 percent of total
home robot revenue for the quarter. Domestic home robot revenue
increased 20 percent to $17 million from $14 million in the second
quarter of 2009.
* Government & Industrial robot An industrial robot is officially defined by ISO[1] as an
automatically controlled, reprogrammable, multipurpose manipulator programmable in three or
more axes. revenue increased 65 percent in
the second quarter over the second quarter of 2009, driven by shipments
of 138 PackBot PackBot is a series of robots by iRobot. PackBot EOD (Explosive ordnance
disposal) can be controlled by radio or wired control to handle situations involving potential
explosives, thereby reducing the risk of personal injury. robots and 100 Small Unmanned Ground
Vehicles during the
quarter.
* Year-to-date operating cash flow was $25 million, compared with
$12 million in the first half of 2009.
Financial Expectations
Management provides the following expectations with respect to the
year ending January January: see month. 1, 2011 and the third quarter ending October October:
see month. 2,
2010.
<Table><Tbody><Tr><Td colspan="1" rowspan="1">

Fiscal Year 2010:
</Td><Td colspan="1" rowspan="1"></Td><Td colspan="1" rowspan="1"></Td><Td colspan="1"
rowspan="1"></Td><Td colspan="1" rowspan="1"></Td><Td colspan="1" rowspan="1"></Td><Td
colspan="1" rowspan="1"></Td></Tr><Tr><Td colspan="1" rowspan="1">
Revenue
colspan="1" rowspan="1">
$385 - $390 million
</Td></Tr><Tr><Td colspan="1" rowspan="1">
Earnings Per Share
$0.51 - $0.54
Adjusted EBITDA
$36 - $38 million
</Td></Tr><Tr><Td colspan="1" rowspan="1"></Td><Td colspan="1" rowspan="1"></Td><Td
colspan="1" rowspan="1"></Td><Td colspan="1" rowspan="1"></Td><Td colspan="1"
rowspan="1"></Td><Td colspan="1" rowspan="1"></Td><Td colspan="1"
rowspan="1"></Td></Tr><Tr><Td colspan="1" rowspan="1">
Q3 2010:
Revenue

$91 - $94 million
Earnings Per Share
$0.05 - $0.06
Adjusted EBITDA
$5 - $6 million
rowspan="1"></Td></Tr></Tbody></Table>
Second-Quarter Conference Call
iRobot will host a conference call tomorrow at 8:30 a.m. ET to
discuss its financial results for the second fiscal quarter 2010,
business outlook, and outlook for future financial performance.
Pertinent PERTINENT, evidence. Those facts which tend to prove the allegations of the party
offering them, are called pertinent; those which have no such tendency are called impertinent, 8
Toull. n. 22. By pertinent is also meant that which belongs. Willes, 319. details include:
<Table><Tbody><Tr><Td colspan="1" rowspan="1">
Date:
rowspan="1"></Td><Td colspan="1" rowspan="1"></Td><Td colspan="1" rowspan="1">
Thursday Thursday: see week., July 29, 2010
Time:
8:30 a.m. ET
Call-In Number:
617-847-8705
Passcode:
90382275
rowspan="1"></Td><Td colspan="1" rowspan="1"></Td></Tr></Tbody></Table>
A live, audio broadcast of the conference call will also be
available at http://investor.irobot.com/phoenix.zhtml?c=193096&p=irol-irhome. An archived version
of the broadcast will be available on the
same website shortly after the conclusion of the live event. A replay of
the telephone conference call will be available through August 5 and can
be accessed by dialing 617-801-6888, passcode 69265770.
About iRobot Corp.
iRobot designs and builds robots that make a difference. The
company's home robots help people find smarter ways to clean, and
its government and industrial robots protect those in harm's way.
iRobot's consumer and military robots feature iRobot Aware[R] robot
intelligence systems, proprietary technology incorporating advanced
concepts in navigation navigation, science and technology of finding the position and directing the
course of vessels and aircraft.Early Navigational Techniques
In ancient times, mariners navigated by the guidance of the sun and stars and landmarks along
the coast., mobility, manipulation Manipulation
Dealing in a security to create a false appearance of active trading, in order to bring in more
traders. Illegal. and artificial
intelligence. For more information about iRobot, please visit
www.irobot.com.
For iRobot Investors
Certain statements made in this press release that are not based on
historical information are forward-looking statements which are made
pursuant to the safe harbor Safe Harbor
1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated.
2. A form of shark repellent implemented by a target company acquiring a business that is so
poorly regulated that the target itself is less attractive. provisions of the Private Securities
Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented
several significant substantive changes affecting certain cases brought under the federal securities
laws, including changes related to pleading, discovery, liability, class representation and awards
fees and of 1995. This press release contains express or
implied Inferred from circumstances; known indirectly.
In its legal application, the term implied is used in contrast with express, where the intention
regarding the subject matter is explicitly and directly indicated. forward-looking statements relating
to relating to relate prep → concernant
relating to relate prep → bezglich +gen, mit Bezug auf +acc, among other things,
iRobot Corp.'s expectations regarding future financial performance
and growth, anticipated revenue, Adjusted EBITDA and earnings per share
for fiscal year 2010 and the third quarter of 2010, and demand for and
market acceptance of its products. These statements are neither promises
nor guarantees, but are subject to a variety of risks and uncertainties,
many of which are beyond our control, which could cause actual results
to differ materially from those contemplated in these forward-looking
statements. In particular, the risks and uncertainties include, among
other things: our ability to operate in an emerging market, the
financial strength of our customers and retailers, general economic
conditions, our dependence on the U.S. federal government and government
contracts, market acceptance of our products, changes in government

policies or spending priorities, and competition. Existing and
prospective investors are cautioned not to place undue reliance on these
forward-looking statements, which speak only as of the date hereof hereof
adv.
Of this.
hereof
Adverb
Formal or law of or concerning this
Adv. 1. hereof - of or concerning this; "the twigs hereof are physic".
iRobot Corp. undertakes no obligation to update or revise the
information contained in this press release, whether as a result of new
information, future events or circumstances CIRCUMSTANCES, evidence. The particulars which
accompany a fact.
2. The facts proved are either possible or impossible, ordinary and probable, or extraordinary
and improbable, recent or ancient; they may have happened near us, or afar off; they are public or
or otherwise. For additional
disclosure regarding these and other risks faced by iRobot Corp., see
the disclosure contained in our public filings with the Securities and
Exchange Commission.
This release includes Adjusted EBITDA, a non-GAAP financial measure
as defined by SEC Regulation G. We define Adjusted EBITDA as earnings
before interest, taxes, depreciation and amortization Earnings before interest, taxes, depreciation
and amortization (EBITDA) is a non-GAAP metric that can be used to evaluate a company's
profitability. :EBITDA = Operating Revenue Operating Expenses + Other Revenue, merger and
acquisition expenses, and non-cash stock compensation. A reconciliation
between net income and Adjusted EBITDA is provided in the financial
tables at the end of this press release.
<Table><Tbody><Tr><Td colspan="1" rowspan="1"></Td></Tr><Tr><Td colspan="1"
rowspan="1"></Td></Tr><Tr><Td colspan="1" rowspan="1"></Td></Tr><Tr><Td colspan="1"
rowspan="1">
iRobot Corporation
Consolidated consolidate
v. consolidated, consolidating, consolidates
v.tr.
1. To unite into one system or whole; combine: Statement of Operations See Income statement.
(in thousands, except per share amounts)
(unaudited)
colspan="1" rowspan="1"></Td><Td colspan="1" rowspan="1"></Td></Tr><Tr><Td colspan="1"
colspan="1" rowspan="1"></Td></Tr><Tr><Td colspan="1" rowspan="1"></Td><Td colspan="1"
rowspan="1"></Td><Td colspan="1" rowspan="1">
For the three months ended
</Td><Td colspan="1" rowspan="1"></Td><Td colspan="1" rowspan="1">
For the six months ended
July 3,
June 27,
July 3,
June 27,
2010
2009
2010
2009
Revenue
Product revenue
$
</Td><Td colspan="1" rowspan="1">
85,945
$
52,609
rowspan="1">
$
172,056
$

102,300
</Td><Td colspan="1" rowspan="1"></Td></Tr><Tr><Td colspan="1" rowspan="1">
Contract revenue
rowspan="1">
11,859
rowspan="1">
8,731
20,678
rowspan="1">
15,976
Total
rowspan="1">
97,804
rowspan="1">
61,340
192,734
rowspan="1">
118,276
</Td><Td colspan="1" rowspan="1"></Td></Tr><Tr><Td colspan="1" rowspan="1"></Td><Td

Cost of Revenue
Product revenue
rowspan="1">
55,825
rowspan="1">
37,098
111,425
rowspan="1">
70,537
Contract revenue
rowspan="1">
8,009
rowspan="1">
7,833

14,622
rowspan="1">
15,124
Total
rowspan="1">
63,834
rowspan="1">
44,931
126,047
rowspan="1">
85,661
Gross Margin
rowspan="1">
33,970
rowspan="1">
16,409

66,687
rowspan="1">
32,615
Operating Expense Operating Expense
The essential things that a company must purchase in order to maintain business.
Notes:
For example, the payment of employees wages are an operating expense.
Also known as OPEX. </Td><Td colspan="1" rowspan="1"></Td><Td colspan="1"
rowspan="1"></Td><Td colspan="1" rowspan="1"></Td></Tr><Tr><Td colspan="1" rowspan="1">
Research & development
rowspan="1">
5,691
rowspan="1">
3,896
10,190
rowspan="1">
7,474
Selling & marketing
rowspan="1">
10,581
rowspan="1">
8,940
20,225
rowspan="1">
17,906
General & administrative
rowspan="1">
9,313
rowspan="1">
7,365
17,789
rowspan="1">
14,495
Total
rowspan="1">
25,585
rowspan="1">
20,201
48,204
rowspan="1">
39,875
Operating income Operating Income
The profit realized from a business' own operations.
Notes:
This would not include income from things such as investments in other firms. Also referred to as
operating profit or recurring profit. (loss)
rowspan="1">
8,385
rowspan="1">
(3,792
)
rowspan="1">
18,483
rowspan="1">
(7,260
)
rowspan="1">
Other income (expense), net
rowspan="1">
40
rowspan="1">
91
69
rowspan="1">
(208
)

rowspan="1">
Pre-tax income (loss)
rowspan="1">
8,425
rowspan="1">
(3,701
)
rowspan="1">
18,552
rowspan="1">
(7,468
)
Income tax expense (benefit)
rowspan="1">
3,111
rowspan="1">
(1,092
)
rowspan="1">
7,070
rowspan="1">
(3,072
)
Net income (loss)
$
5,314
$
(2,609
)
$
11,482
$
(4,396
)
rowspan="1">
Net income (loss) per common share:
Basic
$
0.21
$
(0.10
)
$
0.46
$
(0.18
)
Diluted dilute
tr.v. diluted, diluting, dilutes
1. To make thinner or less concentrated by adding a liquid such as water.
2. To lessen the force, strength, purity, or brilliance of, especially by admixture. </Td><Td
colspan="1" rowspan="1"></Td><Td colspan="1" rowspan="1">
$
0.20
$
(0.10
)
$
0.44
$
(0.18
)

rowspan="1">
Shares used in Per Common Share Calculations:
Basic
rowspan="1">
25,294
rowspan="1">
24,967
25,217
rowspan="1">
24,946
Diluted
rowspan="1">
26,375
rowspan="1">
24,967

26,226
rowspan="1">
24,946
rowspan="1"></Td></Tr><Tr><Td colspan="1" rowspan="1"></Td><Td colspan="1"
Stock-based compensation included in above figures:
Cost of product revenue
$
355
$
278
rowspan="1">
$
687
$
491
Cost of contract revenue
rowspan="1">
110
rowspan="1">
162
236
rowspan="1">
325
Research & development
rowspan="1">
245
rowspan="1">
101
277
rowspan="1">
98
Selling & marketing
rowspan="1">
289
rowspan="1">
338
645
rowspan="1">
655
General & administrative
rowspan="1">
1,202
rowspan="1">
1,016
2,246
rowspan="1">
1,928
Total
$
2,201
$
1,895
rowspan="1">
$
4,091
$
3,497
</Td><Td colspan="1" rowspan="1"></Td></Tr></Tbody></Table><Table><Tbody><Tr><Td
colspan="1" rowspan="1"></Td></Tr><Tr><Td colspan="1" rowspan="1"></Td></Tr><Tr><Td
iRobot Corporation
Condensed condense
v. condensed, condensing, condenses
v.tr.
1. To reduce the volume or compass of.
2. To make more concise; abridge or shorten.
3. Physics
a. Consolidated Balance Sheet consolidated balance sheet
A balance sheet in which assets and liabilities of a parent company and its controlled subsidiaries
are combined, thereby presenting balance sheet items for the parent and its subsidiaries as if they
were a single firm. </Td></Tr><Tr><Td colspan="1" rowspan="1">
(unaudited, in thousands)
July 3,
January 2,
2010
2010
Assets
rowspan="1"></Td><Td colspan="1" rowspan="1"></Td></Tr><Tr><Td colspan="1"
rowspan="1">
Cash and equivalents

$
75,810
$
71,856
Short term investments
rowspan="1">
22,957
rowspan="1">
4,959
Accounts receivable accounts receivable n. the amounts of money due or owed to a business or
professional by customers or clients. Generally, accounts receivable refers to the total amount due
and is considered in calculating the value of a business or the business' problems in paying, net
rowspan="1">
27,133
rowspan="1">
35,171
Unbilled unbilled
adj.
1. Not having been billed or charged for: unbilled medical charges.
2. Appearing, as in a movie, without being credited: an unbilled walk-on. revenues

rowspan="1">
2,313
rowspan="1">
1,831
Inventory
rowspan="1">
30,684
rowspan="1">
32,406
Deferred tax assets
rowspan="1">
8,669
rowspan="1">
8,669
Other current assets Other Current Assets
A balance sheet item that includes the value of non-cash assets due within one year.
Notes:
Examples are things like prepaid expenses and accounts receivable. </Td><Td colspan="1"
3,290
rowspan="1">
4,119
Total current assets Current Assets
Appearing on a company's balance sheet, it represents cash, accounts receivable, inventory,
marketable securities, prepaid expenses, and other assets that can be converted to cash within
one year. </Td><Td colspan="1" rowspan="1"></Td><Td colspan="1" rowspan="1"></Td><Td
170,856
rowspan="1">
159,011
Property, plant and equipment, net
rowspan="1">
22,374
rowspan="1">
20,230
Deferred tax assets
rowspan="1">
5,623
rowspan="1">
6,089
Other assets other assets
Assets of relatively small value. For financial reporting purposes, firms frequently combine small
assets into a single category rather than listing each item separately. </Td><Td colspan="1"
14,008
rowspan="1">
14,254
Total assets
$
212,861
$
199,584
Liabilities and stockholders' equity
rowspan="1">
Accounts payable

$
31,768
$
30,559
Accrued accrue
v. accrued, accruing, accrues
v.intr.
1. To come to one as a gain, addition, or increment: interest accruing in my savings account.
2. expenses
rowspan="1">
13,363
rowspan="1">
14,384
Accrued compensation
rowspan="1">
11,153
rowspan="1">
13,525
Deferred revenue and customer advances

rowspan="1">
1,969
rowspan="1">
3,908
Total current liabilities Current Liabilities
Usually appearing on a company's balance sheet, it represents the amount owed for interest,
accounts payable, short-term loans, expenses incurred but unpaid, and other debts due within one
year. </Td><Td colspan="1" rowspan="1"></Td><Td colspan="1" rowspan="1"></Td><Td
58,253
rowspan="1">
62,376
Long term liabilities
rowspan="1">
3,799
rowspan="1">
4,014
Stockholders' equity
rowspan="1">
150,809
rowspan="1">
133,194
Total liabilities and stockholders' equity
$
212,861
$
199,584
</Td></Tr></Tbody></Table><Table><Tbody><Tr><Td colspan="1"
iRobot Corporation
Consolidated Statement of Cash Flows

July 3,
June 27,
July 3,
June 27,
2010
2009
2010
2009
Cash flows from operating activities:
Net income (loss)
$
5,314
rowspan="1">
$
(2,609
)
$
11,482
rowspan="1">
$
(4,396
)
Adjustments to reconcile net income (loss) to net cash provided by
(used in) operating activities:
Depreciation and amortization

rowspan="1">
1,917
1,950
3,755
3,864
Loss on disposal of property and equipment
rowspan="1">
2
87
47
102
Stock-based compensation
rowspan="1">
2,201
1,895
4,091
3,497
Benefit from deferred tax assets
rowspan="1">
(511
)
rowspan="1">
(511
)
Non-cash director deferred compensation

rowspan="1">
33
33
66
66
Changes in operating assets Operating Assets
Another term for working capital. and liabilities -- (use) source
Accounts receivable
rowspan="1">
(1,054
)
rowspan="1">
(8,099
)

rowspan="1">
8,038
4,639
Unbilled revenue
rowspan="1">
978
(326
)
rowspan="1">
(482
)
rowspan="1">
(1,445
)
Inventory
rowspan="1">
(816
)
rowspan="1">
2,104
1,722
5,922
Other assets
rowspan="1">
44
(1,001
)
rowspan="1">
797
(2,163
)
Accounts payable
rowspan="1">
2,277
1,981
1,209
1,564
Accrued expenses
rowspan="1">
(990
)
rowspan="1">
225
(1,031
)

rowspan="1">
(33
)
Accrued compensation
rowspan="1">
4,850
1,656
(2,372
)
rowspan="1">
634
Deferred revenue
rowspan="1">
(7
)
rowspan="1">
256
(1,939
)
rowspan="1">
342
Change in long term liabilities
rowspan="1">
(107
)
rowspan="1">
(108
)
rowspan="1">
(215
)
rowspan="1">
(215

)
Net cash provided by (used in) operating activities
rowspan="1">
14,642
(2,467
)
rowspan="1">
25,168
11,867
Cash flows from investing activities:
Purchase of property and equipment
rowspan="1">
(3,629
)
rowspan="1">
(1,672
)
rowspan="1">
(5,668
)
rowspan="1">
(2,448
)
Purchases of investments
rowspan="1">
(7,831
)
rowspan="1">
(25,411
)
rowspan="1">
Sales of investments
rowspan="1">
7,500
7,500
Net cash used in investing activities
rowspan="1">
(3,960
)
rowspan="1">
(1,672
)
rowspan="1">
(23,579
)
rowspan="1">
(2,448
)
rowspan="1">
Cash flows from financing activities:
Proceeds from stock option exercises
rowspan="1">
1,823
132
1,927
459
Income tax withholding Withholding
Any tax that is taken directly out of an individual's wages or other income before he or she
receives the funds.
Notes:
In other words, these funds are "withheld" from your wages. payment associated with restricted
stock
vesting Vesting
The process by which employees accrue non-forfeitable rights over employer contributions that
are made to the employee's qualified retirement plan account.
Notes: </Td><Td colspan="1" rowspan="1"></Td><Td colspan="1" rowspan="1"></Td><Td
(120
)
rowspan="1">
(9
)
rowspan="1">
(279
)
rowspan="1">
(9
)
Tax benefit of excess stock based compensation deductions
rowspan="1">
568
268
717
268
Net cash provided by financing activities
rowspan="1">
2,271
391
2,365
718
Net increase (decrease) in cash and cash equivalents
rowspan="1">
12,953
(3,748
)
rowspan="1">
3,954
10,137
Cash and cash equivalents, at beginning of period
rowspan="1">
62,857
54,737
71,856
40,852
Cash and cash equivalents, at end of period
$
75,810
rowspan="1">
$
50,989
rowspan="1">
$
75,810
rowspan="1">
$
50,989
</Td><Td colspan="1" rowspan="1"></Td></Tr></Tbody></Table><Table><Tbody><Tr><Td

iRobot Corporation
Supplemental Information
(unaudited)
July 3,
June 27,
July 3,
June 27,
2010

2009
2010
2009
rowspan="1">
Revenue: *
Home Robots
$
52,904
rowspan="1">
$
34,099
rowspan="1">
$
105,451
rowspan="1">
$
66,922
Domestic
$
17,160
rowspan="1">
$
14,358
rowspan="1">
$
33,247
rowspan="1">
$
29,643
International
$
35,744
rowspan="1">
$
19,741
rowspan="1">
$
72,204
rowspan="1">
$
37,279
Retail
$
47,525
rowspan="1">
$
27,263
rowspan="1">
$
93,792
rowspan="1">
$
54,079
Direct
$
5,379
rowspan="1">
$

6,836
rowspan="1">
$
11,659
rowspan="1">
$
12,843
Government & Industrial
$
44,900
rowspan="1">
$
27,241
rowspan="1">
$

87,283
rowspan="1">
$
51,354
Domestic
$
43,406
rowspan="1">
$
25,404
rowspan="1">
$
80,473
rowspan="1">
$

46,695
International
$
1,494
rowspan="1">
$
1,837
rowspan="1">
$
6,810
rowspan="1">
$
4,659
Product
$
33,041
rowspan="1">
$
18,510
rowspan="1">
$
66,605
rowspan="1">
$
35,378
Contract
$
11,859
rowspan="1">
$
8,731
rowspan="1">
$
20,678
rowspan="1">
$
15,976
Product Life Cycle
$
9,581
rowspan="1">
$
4,542
rowspan="1">
$
17,561
rowspan="1">
$
8,931
Gross Margin Percent:
Home Robots
rowspan="1">
39.2
%
rowspan="1">
29.6
%
rowspan="1">
38.6
%
rowspan="1">
30.3
%
rowspan="1">
29.5
%
rowspan="1">
23.1
%
rowspan="1">
29.8
%
rowspan="1">
24.1
%
Total Company
rowspan="1">
34.7
%
rowspan="1">
26.8
%
rowspan="1">
34.6
%
rowspan="1">
27.6
%
Units shipped:
Home Robots *
rowspan="1">
294
192
581
375
rowspan="1">
250
151
516
301
Average gross selling prices for robot units:
Home Robots
$
188
rowspan="1">
$
189
rowspan="1">
$
189
rowspan="1">
$
185
Government & Industrial *
$
94
rowspan="1">
$
93
rowspan="1">
$
95
rowspan="1">
$
88

Government & Industrial Funded Product Backlog Backlog
The total value of sales orders waiting to be fulfilled.
Notes:
This figure is used mainly in the manufacturing industry. Increases or decreases in a company's
backlog indicate the future direction of sales and earnings. *
$
12,164
rowspan="1">
$
17,537
rowspan="1">
$
12,164
rowspan="1">
$
17,537

Days sales outstanding In accountancy, Days Sales Outstanding is a company's average
collection period. A low figure indicates that the company collects its outstanding receivables
quickly. Typically it is looked at either quarterly or yearly (90 or 365 days). </Td><Td colspan="1"
27
52
27
52
Days in inventory
rowspan="1">
50
70

50
70
Headcount head count or headcount
n.
1. The act of counting people in a particular group.
2. The number of people counted in this way.
Noun 1. </Td><Td colspan="1" rowspan="1"></Td><Td colspan="1" rowspan="1"></Td><Td
613
508
613
508

* in thousands
</Td></Tr></Tbody></Table><Table><Tbody><Tr><Td colspan="1"
iRobot Corporation
Adjusted EBITDA Reconciliation to GAAP GAAP
See: Generally Accepted Accounting Principles
GAAP
See generally accepted accounting principles (GAAP). </Td></Tr><Tr><Td colspan="1"
rowspan="1">
July 3,
June 27,
July 3,
June 27,
2010
2009
2010
2009
rowspan="1">
Net income (loss)
$
5,314
rowspan="1">
$
(2,609
)
$
11,482
rowspan="1">
$
(4,396
)
rowspan="1">
Interest income, net
rowspan="1">
(197
)
rowspan="1">
(15
)
rowspan="1">
(367
)
rowspan="1">
(36
)
Income tax expense (benefit)
rowspan="1">
3,111
(1,092
)
rowspan="1">
7,070
(3,072
)
Depreciation
rowspan="1">
1,778
1,820
3,477
3,613
Amortization
rowspan="1">
139
128
278
251

EBITDA
rowspan="1">
10,145
(1,768
)
rowspan="1">
21,940
(3,640
)
Stock-based compensation expense
rowspan="1">
2,201
1,895
4,091
3,497
Merger and acquisition expense
rowspan="1">
61
71
Adjusted EBITDA
$
12,407
rowspan="1">
$
127
rowspan="1">
$
26,102
rowspan="1">
$
(143
)
Use of Non-GAAP Financial Measures

In evaluating its business, iRobot considers and uses Adjusted EBITDA
as a supplemental measure of its operating performance. The Company
defines Adjusted EBITDA as earnings before interest, taxes, depreciation
and amortization, merger and acquisition expenses, and non-cash stock
compensation. The Company also presents Adjusted EBITDA because it
believes it is frequently used by securities analysts, investors and
other interested parties as a measure of financial performance.
rowspan="1">
The term Adjusted EBITDA is not defined under U.S. generally accepted
accounting principles The standard accounting rules, regulations, and procedures used by
companies in maintaining their financial records.
Generally accepted accounting principles (GAAP) provide companies and accountants with a
consistent set of guidelines that cover both broad accounting, or U.S. GAAP, and is not a measure
of operating
income, operating performance or liquidity presented in accordance Accordance is Bible Study
Software for Macintosh developed by OakTree Software, Inc.[]
As well as a standalone program, it is the base software packaged by Zondervan in their Bible
Study suites for Macintosh. with
U.S. GAAP. Adjusted EBITDA has limitations as an analytical tool, and
when assessing the Company's operating performance, investors
should not consider Adjusted EBITDA in isolation, or as a substitute for
net income (loss) or other consolidated income statement consolidated income statement
An income statement that combines the income statements of two or more organizations. As with
other consolidated statements, a consolidated income statement eliminates any funds owed to or
due from firms within the same group. data prepared
in accordance with U.S. GAAP. Among other things, Adjusted EBITDA does
not reflect the Company's actual cash expenditures. Other companies
may calculate similar measures differently than iRobot, limiting their
usefulness as comparative tools. iRobot compensates for these

limitations by relying primarily on its GAAP results and using Adjusted
EBITDA only supplementally.
</Td></Tr><Tr><Td colspan="1" rowspan="1"></Td></Tr><Tr><Td colspan="1"
rowspan="1"></Td></Tr><Tr><Td colspan="1" rowspan="1"></Td></Tr></Tbody></Table>
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iRobot Reports Record Second-Quarter Revenue and Earnings.

Company Increases 2010 Outlook

increasing our full-year financial expectations."

<Table><Tbody><Tr><Td colspan="1" rowspan="1">

rowspan="1"></Td><Td colspan="1" rowspan="1"></Td><Td colspan="1" rowspan="1"></Td><Td

contracts, market acceptance of our products, changes in government

</Td><Td colspan="1" rowspan="1">

</Td><Td colspan="1" rowspan="1"></Td></Tr><Tr><Td colspan="1" rowspan="1"></Td><Td

rowspan="1"></Td><Td colspan="1" rowspan="1">

</Td><Td colspan="1" rowspan="1"></Td><Td colspan="1" rowspan="1"></Td><Td colspan="1"

colspan="1" rowspan="1"></Td><Td colspan="1" rowspan="1"></Td></Tr><Tr><Td colspan="1"

</Td></Tr><Tr><Td colspan="1" rowspan="1"></Td><Td colspan="1" rowspan="1"></Td><Td

rowspan="1"></Td><Td colspan="1" rowspan="1">

</Td><Td colspan="1" rowspan="1"></Td><Td colspan="1" rowspan="1">

2. Appearing, as in a movie, without being credited: an unbilled walk-on. revenues

</Td><Td colspan="1" rowspan="1"></Td><Td colspan="1" rowspan="1">

Deferred revenue and customer advances

For the three months ended

</Td><Td colspan="1" rowspan="1"></Td><Td colspan="1" rowspan="1"></Td><Td colspan="1"

</Td><Td colspan="1" rowspan="1"></Td><Td colspan="1" rowspan="1"></Td><Td colspan="1"

</Td><Td colspan="1" rowspan="1"></Td><Td colspan="1" rowspan="1"></Td><Td colspan="1"

</Td><Td colspan="1" rowspan="1"></Td><Td colspan="1" rowspan="1"></Td><Td colspan="1"

</Td><Td colspan="1" rowspan="1">

colspan="1" rowspan="1"></Td></Tr><Tr><Td colspan="1" rowspan="1"></Td></Tr><Tr><Td

</Td><Td colspan="1" rowspan="1"></Td><Td colspan="1" rowspan="1">

</Td><Td colspan="1" rowspan="1">

</Td><Td colspan="1" rowspan="1">

</Td><Td colspan="1" rowspan="1">

colspan="1" rowspan="1"></Td><Td colspan="1" rowspan="1"></Td><Td colspan="1"

colspan="1" rowspan="1"></Td><Td colspan="1" rowspan="1"></Td><Td colspan="1"

rowspan="1"></Td><Td colspan="1" rowspan="1">

colspan="1" rowspan="1"></Td><Td colspan="1" rowspan="1"></Td><Td colspan="1"

rowspan="1"></Td></Tr><Tr><Td colspan="1" rowspan="1">

rowspan="1"></Td><Td colspan="1" rowspan="1"></Td><Td colspan="1" rowspan="1"></Td><Td

usefulness as comparative tools. iRobot compensates for these

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