Universal Robots, which has just released its Q3 results for 2021, has reported record quarterly revenue of $78 million, up 46 percent on last year’s Q3 revenue and 31 percent up from its pre-pandemic Q3 revenue of 2019.
Since creating the world’s first commercially viable collaborative robot in 2008, the Danish company has gone on to sell over 50,000 of its "cobots" for use across a range of industrial uses, primarily in the manufacturing sector. President Kim Povlsen, who has led the company since March 2021, sees this quarter’s results as a strong indication of growth to come: