With 2013 coming to an end, can robotic companies keep up their impressive gains? Shares of top robotic companies in 2013 have had inhumane like gains. I’m convinced these gains will continue right on through 2014. As we become an even more technologically advanced and diverse global economy, the dependence certain companies have on robotic devices to speed up their manufacturing and processing only increases. In 2013, this dependence seemed to increase quite dramatically. Behemoths Google (GOOG) and Amazon (AMZN) have both spent billions acquiring numerous robotic companies in the last couple years. Amazon bought robotic manufacturer Kiva Systems in 2012 for approximately $775 million. Most recently, On December 16th, Googlemade a purchase of Boston Dynamics, an engineering company that has designed mobile research robots for the Pentagon. This acquisition awoke investors and helped them realize the potential that any robotic company has of being bought out by the likes of Google or Amazon.
So what’s in store for 2014? Colin Angle, the CEO at iRobot (IRBT), was not afraid to share his robust thoughts on his own robotic company. He went on record saying “I think it’s going to be a great growth year for us,” he added that iRobot, “is expecting mid to high teen revenue growth in 2014.” These comments rallied investors and subsequently shares of iRobot. Shares of iRobot exploded 15% in the same trading day as the announcement. From the beginning of 2013, iRobot’s stock has risen over $15 per share and according to the CEO, the gains and rewards for shareholders are only going to continue.