iRobot has declared that it has been ranked 16th in the "Best Small Companies in America,” a recently launched list of Forbes magazine. iRobot was chosen for its momentous growth in sales and profits in an exigent economic scenario.
Colin Angle, Chairman and CEO of iRobot, expressed his pleasure to be identified as a top-performing company amidst such an outstanding group. He added that they are working on identifying the future of robotics due to the sustained growth prospects for the government and home segments universally.
In order to get enlisted in the "Best Small Companies in America," the companies must have publicly traded for not less than a year. Also these candidates must produce annual revenue in the range of $5 million and $1 billion, showing off a share price of minimum $5 per share. The positions are based on sales growth, profit growth and equity return over the last 12 months as well as for more than five years. Also the performance of the share of every candidate will be evaluated with that of other contenders for determining the rankings.