One of the biggest questions that growth stocks face is whether their growth rate is sustainable or not. That's exactly the question being asked by investors in consumer robot company iRobot (NASDAQ: IRBT) after its third-quarter results. Let's look at what happened with one of the biggest robotics stocks on the market and what the company needs to do to get back on track.
The company has three product lines: robotic vacuum cleaners (Roomba), robotic mops (Braava), and robotic lawn mowers (Terra). The Roomba is by far its most important product -- vacuum cleaners were responsible for $715 million of the $787 million revenue in the first nine months of 2019. The remaining $72 million came from mopping products, while its Terra lawn mowers are being readied for a large-scale launch in the spring of 2021.
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