NASDAQ$IRBTQ

iRobot Corp. · Q2 2023 earnings

Q2 2023 earnings · · Investor relations

Briefing

Announced financial results for the second quarter ended July 1, 2023.

iRobot reported a revenue of $236.6 million for Q2 2023, a decrease compared to $255.4 million in the same period last year. The GAAP net loss per share was ($2.93), compared to ($1.60) in the previous year. The company's cash and cash equivalents were $58.0 million as of July 1, 2023.

  • Second-quarter revenue was $236.6 million, a decrease from $255.4 million in the same period last year.
  • Revenue grew 9% in Japan, declined 9% in EMEA, and declined 6% in the U.S. compared to the same period last year.
  • GAAP operating loss was ($71.1) million, compared to ($63.9) million in the same period last year.
  • GAAP net loss per share was ($2.93), compared to ($1.60) in the same period last year.

Headline financials

Total Revenue

$237M

Previous: $255M-7.4%
EPS (adj)

-$1.42

Previous: -$0.35-305.7%
Capital Expenditures

-$2.51M

Previous: -$4.89M+48.6%
Free Cash Flow

-$60.6M

Previous: -$191M+68.3%
Net Income

-$80.8M

Previous: -$43.4M-86.1%
Operating Income

-$71.1M

Previous: -$63.9M-11.2%
Gross Profit

$53.5M

Previous: $80.9M-33.9%
Cash & Equivalents

$58M

Previous: $63.4M-8.5%
Total Assets

$634M

Previous: $1.07B-40.7%
Stock-Based Comp

$8.57M

Previous: $8.02M+6.9%

Revenue & EPS history

iRobot · Revenue · Quarterly

$237M

Q2 2023-7.4%vs Q2 2022
Beat estimate in 5 of 16 quarters(31%)
ActualEstimate

Forward guidance

In light of the pending transaction with Amazon, which was originally announced on August 5, 2022, iRobot will not hold a financial results conference call, and its practice of providing full-year financial guidance remains suspended.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 16 quarterly earnings reports · overlaid with Q2 2023

Historical avgQ2 2023

-2.8%

Avg return

Earnings day

-7.4%

Avg return

5 days after

-6.6%

Avg return

30 days after

37%

23 / 62 earnings

Positive

+26.4%

Q1 2024

Best reaction

-35.7%

Q4 2024

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q4 2025
Q3 2025+0.0%-14.8%+36.4%
Q2 2025-7.1%-19.0%-23.3%
Q1 2025-6.5%-10.9%+15.1%
Q4 2024-35.7%-40.2%-67.3%
Q3 2024-33.5%-30.8%-14.3%
Q2 2024+1.4%-20.5%-33.4%
Q1 2024+26.4%+48.7%+5.7%
Q4 2023+1.3%-3.7%-26.2%
Q3 2023-5.9%-10.8%+20.7%
Q2 2023-0.5%-3.5%-4.8%
Q1 2023-5.9%-11.5%+5.3%
Q4 2022-0.3%-0.7%+5.8%
Q3 2022-3.6%-4.1%-9.9%
Q2 2022+19.3%+19.2%+18.1%
Q1 2022+0.1%-7.0%-15.3%
Q4 2021-10.8%-8.2%-18.2%
Q3 2021+6.3%
Q2 2021-2.5%
Q1 2021-11.6%
Q3 2020-8.6%
Q2 2020-7.8%
Q1 2020+5.6%
Q4 2019+20.2%
Q3 2019-12.0%
Q2 2019-19.3%
Q1 2019-22.0%
Q4 2018+10.0%
Q3 2018-11.3%
Q2 2018+13.7%
Q1 2018-4.8%
Q4 2017-31.3%
Q3 2017-13.0%
Q2 2017+17.8%
Q1 2017+15.5%
Q4 2016-13.8%
Q3 2016+9.9%
Q2 2016+4.5%
Q1 2016+9.1%
Q4 2015-17.0%
Q3 2015-5.1%
Q2 2015-0.9%
Q1 2015-6.3%
Q4 2014-9.6%
Q3 2014+17.6%
Q2 2014-4.5%
Q1 2014-8.7%
Q4 2013+12.7%
Q3 2013-3.4%
Q2 2013-13.1%
Q1 2013+14.9%
Q4 2012-10.6%
Q3 2012-19.3%
Q2 2012+16.5%
Q1 2012-5.0%
Q4 2010-1.7%
Q4 2011-1.7%
Q3 2011+0.4%
Q2 2011-15.1%
Q1 2011-15.1%
Q3 2010+1.0%
Q2 2010+1.6%
Q1 2010+4.7%

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