Earnings

iRobot negotiations with another potential acquirer fell through, and its main creditor has set a deadline of Jan. 15 for certain conditions.

iRobot said if it can’t obtain new capital, it “may be forced to significantly curtail or cease operations and would likely seek bankruptcy protection.”

Teradyne Robotics, which includes Mobile Industrial Robots and Universal Robots, said revenue is not meeting expectations.

Ondas said it plans to invest in corporate development and strategic growth, including acquisitions, joint ventures, and investments. 

Shoucheng Robotics Advanced Materials Industrial Co. said it will expand the humanoid value chain from components to applications.

Things have gotten so bad that iRobot has suspended future financial guidance and opted not to host an earnings call for Q2.

Catch the debate with Aaron Prather about his Top 10 list of influential robots.

Universal Robots generated 84% of Teradyne Robotics’ revenue, which also includes Mobile Industrial Robots.

Giovanni Campanella from Texas Instruments gives updates on on industrial automation, humanoid robot design challenges, and the expanding world of robotics.

Beckhoff said it is planning new product launches in the areas of software and PC-based robotics control technology.

ABB has announced plans to spin off its robotics division, saying it has ‘limited synergies’ with its other business units.

igus reported strong sales and continues to innovate in affordable robotics, sustainability, and availability of its motion plastics.

FANUC saw mixed results in 2024 as sales dipped, but profits rose, driven by factory automation and service growth.

Teradyne has laid off about 10% of UR and MiR’s staff, largely in sales, marketing, and service roles, to manage its growth.

Since the start of 2024, iRobot has reduced its global workforce by nearly 50%.

Significant declines in the automotive and semiconductor industries led to the decline in robot sales, according to the Association for Advancing Automation.

The Wilmington, Mass.-based company brought in more revenue in Q2 2024 than it did in Q1 and in Q2 2023, respectively.

Intuitive Surgical reported profits of $545 million, or $1.51 per diluted share.

See a revenue breakdown for both Universal Robots and Mobile Industrial Robots, which are both owned by Teradyne.

Symbotic’s revenue increased 98% to $1.18 billion in 2023 thanks to deals with Albertson’s, Target and Walmart.

Sarcos decides to pivot from physical robots to AI software solutions and announced major restructuring.

IDS Imaging Development Systems, a leading industrial camera manufacturer, far exceeded industry expectations in the first half of 2023.