NASDAQ$IRBTQ

iRobot Corp. · Q3 2023 earnings

Q3 2023 earnings · · Investor relations

Briefing

Announced financial results for the third quarter ended September 30, 2023.

iRobot reported a decrease in revenue for Q3 2023 to $186.2 million compared to $278.2 million in the same period last year. The company experienced a GAAP operating loss of ($59.5) million and a GAAP net loss per share of ($2.86). They also secured $188.2 million from a new term loan to fund operations.

  • Revenue for Q3 2023 was $186.2 million, a decrease from $278.2 million in the same period last year.
  • GAAP operating loss for Q3 2023 was ($59.5) million, compared to ($68.4) million in the same period last year.
  • GAAP net loss per share for Q3 2023 was ($2.86), compared to ($4.71) in the same period last year.
  • Cash and cash equivalents were $189.6 million as of September 30, 2023.

Headline financials

Total Revenue

$186M

Previous: $278M-33.1%
EPS (adj)

-$2.82

Previous: -$1.78-58.4%
Days Sales Outstanding

36

No prior period
Non-GAAP Days in Inventory

163

No prior period
Capital Expenditures

-$3.13M

Previous: -$8.9M+64.8%
Free Cash Flow

-$117M

Previous: -$221M+47.3%
Net Income

-$79.2M

Previous: -$128M+38.3%
Operating Income

-$59.5M

Previous: -$68.4M+13.0%
Gross Profit

$48M

Previous: $76.4M-37.2%
Cash & Equivalents

$190M

Previous: $89.6M+111.7%
Total Assets

$831M

Previous: $1.04B-19.9%
R&D Expense

$37.2M

No prior period
Stock-Based Comp

$9.38M

Previous: $8.28M+13.3%

Revenue & EPS history

iRobot · Revenue · Quarterly

$186M

Q3 2023-33.1%vs Q3 2022
Beat estimate in 5 of 16 quarters(31%)
ActualEstimate

Forward guidance

iRobot has suspended its practice of providing financial guidance due to the pending transaction with Amazon.

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 2023

Historical avgQ3 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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