BEDFORD, Mass.—Third-quarter net income for iRobot, the producer of robots for home, industry and government use, fell 33 percent to $2.6 million.
Much of the decline could be attributed to a 15 percent drop in third-quarter revenue, which totaled $78.6 million. iRobot posted cuts of 36 percent, 9.6 percent and 2.1 percent for research and development, selling and marketing, and general and administrative expenses, respectively, from the third quarter of 2008. In addition, total cost of revenue decreased 14.3 percent.
The company was able to cite some positives for its third-quarter business. An iRobot statement said international revenue from home robots jumped 55 percent in the quarter; international sales now constitute half of the company’s total home-robot revenue.