Q2 Earnings: Three Answers From iRobot Corporation (IRBT)

While iRobot’s earnings press release didn’t provide anything new, Angle did provide some color on the platforms during its follow-up earnings conference call.

Specifically, Angle noted they have shipped more than 40 RP-VITA units to InTouch so far, half of which are already installed and in use. For those of you keeping track, that represents healthy progress from the roughly one dozen RP-VITA bots that were in already in use in hospitals by the end of last quarter.

Angle also reminded us that the Ava 500, for its part, still remains in the very early stages and was demonstrated at last month’s InfoComm Conference as well as Cisco Systems, Inc. (NASDAQ:CSCO) Live just a few weeks ago. Of course, while this particular partnership may not mean much in the near term for the $136 billion Cisco, iRobot management was also excited that the Cisco Live conference exposed the Ava 500 platform not only to thousands of Cisco’s customers, but also the company’s vast value-added reseller network.

As a result, and thanks to a positive reception at both events, Cisco and iRobot will be starting a beta program for the Ava 500 by the end of this year, targeting “limited availability through Cisco Systems, Inc. (NASDAQ:CSCO) partners in 2014.”

Foolish takeaway
In the end, this was still a solid quarter for iRobot, and nothing has changed the company’s significant long-term growth story. As a result, and as I stated just last week, I have no plans to sell my shares of iRobot Corporation (NASDAQ:IRBT) anytime in the near future.

Remember, iRobot is still up more than 70% over the past year, so I don’t think long-term shareholders should be particularly concerned about today’s temporary plunge.

The article Q2 Earnings: 3 Answers From iRobot originally appeared on Fool.com and is written by Steve Symington.

Fool contributor Steve Symington owns shares of iRobot. The Motley Fool recommends Cisco Systems (NASDAQ:CSCO) and iRobot.

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