NASDAQ$IRBTQ

iRobot Corp. · Q3 2022 earnings

Q3 2022 earnings · · Investor relations

Briefing

Announced financial results for the third quarter ended October 1, 2022.

iRobot reported a decrease in revenue for Q3 2022 to $278.2 million, compared to $440.7 million in Q3 2021. The company experienced a GAAP operating loss of $68.4 million, a significant shift from the $40.5 million operating income in the same quarter of the previous year. GAAP net loss per share was $4.71, a stark contrast to the $2.06 net income per share in Q3 2021.

  • Q3 2022 revenue was $278.2 million, down from $440.7 million in Q3 2021, impacted by lower orders from retailers and distributors.
  • GAAP operating loss was $68.4 million, compared to a $40.5 million operating income in Q3 2021.
  • GAAP net loss per share was $4.71, versus a net income per share of $2.06 in Q3 2021.
  • Cash, cash equivalents, and short-term investments totaled $89.6 million as of October 1, 2022.

Headline financials

Total Revenue

$278M

Previous: $441M-36.9%
EPS (adj)

-$1.78

Previous: $1.67-206.6%
Capital Expenditures

-$8.9M

Previous: -$25.3M+64.8%
Free Cash Flow

-$221M

Previous: -$116M-90.8%
Net Income

-$128M

Previous: $57.2M-324.4%
Operating Income

-$68.4M

Previous: $40.5M-268.8%
Gross Profit

$76.4M

Previous: $163M-53.1%
Cash & Equivalents

$89.6M

Previous: $218M-58.9%
Total Assets

$1.04B

No prior period
Stock-Based Comp

$8.28M

No prior period

Revenue & EPS history

iRobot · Revenue · Quarterly

$278M

Q3 2022-36.9%vs Q3 2021
Beat estimate in 5 of 16 quarters(31%)
ActualEstimate

Forward guidance

iRobot will not hold a third-quarter 2022 financial results conference call and its practice of providing 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 Q3 2022

Historical avgQ3 2022

-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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