iRobot Loss In Line

The second-quarter loss at robotics company iRobot(IRBT Quote) widened, but the company met analysts' expectations and raised its guidance for the full fiscal year.

Net loss in the second quarter of 2007 was $4.8 million, compared with a net loss of $1.8 million a year earlier.

The company posted a loss of cents 20 a share, in line with analyst expectations and wider than the loss of 8 cents a share in the same quarter of fiscal 2006.

Revenue rose 36% to $47 million, compared with $34.6 million for the same quarter a year ago. Analysts were expecting revenue of $41.5 million.

Shares of iRobot were up 95 cents, or 5.1%, to $19.50 after hours.

During the quarter, iRobot said it announced an alliance with Taser(TASR Quote) to deliver new its iRobot PackBot robot for the military and law enforcement.

The company also received two delivery orders from the U.S. military totaling $17.5 million for its PackBot robots and said it expects to complete delivery by the end of January 2008.

For the full fiscal year, iRobot raised its revenue expectations to $233 million to $243 million, up from range of $225 million to $235 million. Pretax income is now likely to range between $3 million to $5 million, up from the $2 million to $4 million issued earlier.

That beats the analyst forecast for revenue of $228.2 million for the year.

Pretax net income for the year is likely to be in the range of $2 million to $4 million, the company said.