iRobot Loss In Line

The second-quarter loss at robotics company iRobot(IRBT Quote - Cramer on IRBT - Stock Picks) 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 - Cramer on TASR - Stock Picks) 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.