From the provided financial data, what is iRobots financial condition? What do the financial statements suggest about the companys future? If present trends continue, where do you see iRobot in the next few years?

Financial Summary for iRobot, Fiscal Year 2013- Fiscal Year 2017 EXHIBIT Year Ended January 2, December December 28, 2013 December December 27, 2014 31, 2016 2016 30, 2017 (In thousands, except earnings per share amounts) Consolidated Statements of Income: $487,401 $556,846 $616,778 $883,911 $660,604 Total revenue 221,154 288,926 258,055 433,159 319,315 Gross margin 53,117 32,618 57,557 60,618 Operating income 72,690 14,606 4,774 18,841 25,402 19,422 Income tax expense 27,641 44,130 37,803 41,939 50,964 Net income Net Income Per Share Data: $0.97 $1.51 $1.49 $1.28 $1.85 Basic $0.94 $1.77 $1.48 $1.47 $1.25 Diluted Shares Used In Per Common Share Calculations: 27,698 28,495 27,611 29,550 29,485 Basic 29,354 28,753 28,292 30,107 30,210 Diluted Consolidated Balance Sheet Data: $179,915 $185,957 $165,404 $128,635 $214,523 Cash and cash equivalents 21,954 36,166 37,225 39,930 33,124 Short-term investments 493,213 416,337 Total assets 691,522 507,912 521,743 85,648 102,777 Total liabilities 104,332 221,195 118,956 Total stockholders' equity 390,436 330,689 470,327 388,956 417,411 Source: iRobot Corporation 2017 10-K Cases in Crafting and Executing Strategy PART 2 C14 EXHIBIT 3 iRobot Corporation's Consolidated Statements of Income, Fiscal Year 2015-Fiscal Year 2017 (in thousands of $) Fiscal Year Ended January 2 2016 December 30 December 31, 2017 2016 (In thousands) Revenue $883,911 $660,604 $616,778 Cost of product revenue 438,114 325,295 337,832 Amortization of intangible assets 12,638 3,457 2,557 Gross margin 433,159 288.926 319,315 Operating expenses Research and development 113,149 79.805 76,071 Selling and marketing 162,110 115,125 97,772 General and administrative 84,771 66,828 53,540 Amortization of intangiblessets 439 925 Total operating expenses 360,469 261,758 228.308 Operating income 72,690 57,557 60,618 Other income, net 3,676 3.804 2.353 Income before income taxes 76,366 61,361 62.971 25,402 Income tax expense 19,422 18,841 Net income s 50,964 $ 41,939 $ 44,130 Net income per share Basic $1.85 $1.51 $1.49 Diluted $1.77 $1.48 $1.47 Number of weighted average common shares used in calculations per share Basic 27,611 29.550 27.698 Diluted 28.753 28.292 30,107 Source Robot Corporation 2017 10 EXHIBIT 4 iRobot Corporation's Consolidated Balance Sheets, Fiscal Year 2016- Fiscal Year 2017 (in thousands of $) December 30, 2017 December 3 1, 2016 (In thousands) ASSETS Current assets: Cash and cash equivalents $128,635 $214,523 Short-term investments 37,225 39,930 Accounts rceivable, net 142,829 73,048 Inventory 106,932 50,578 Other current assets 19,105 5,591 Total current assets 434,726 383,670 Property and equipment, net 44,579 27,532 Deferred tax assets 31,531 30,585 Goodwi 121,440 41,041 Intangible assets, net 44,712 12,207 Other assets 14,534 12,877 Total assets $691,522 $507,912 LIABILITIES AND STOCKHOLDERS EQUITY Current liabilities Accounts payable $116,316 $ 67,281 Accrued expenses 73,647 40,869 Deferred revenue and customer advances 7,761 4,486 Total current iabilities 197,724 112,636 Deferred tax labilities 9,539 Other long-term liabilities Total long-term labilities 13,932 6,320 23,471 6.320 Total Babilities 221,195 118,956 Commitments and contingencies Preferred stock, 5,000,000 shares authorized and none outstanding Common stock, $0.01 par value, 100,000,000 shares authorized, 27,945,144 and 27 237 870 shares issued and outstanding at December 30, 2017 and December 31, 2016, respectively 279 272 Additional paid-in capital 190,067 161,885 Retained eamings 277,989 226,950 Accumulated other comprehensive income (oss) Total stockholders equilty 1.992 (151) 470.327 388.956 Total lablities and stockholders' equity $691,522 $507.912 Source obat 2017 10