NASDAQ$IRBTQ
iRobot Corp. · Q3 2024 earnings
Q3 2024 earnings · · Investor relations
Briefing
iRobot's Q3 2024 financial performance reflected progress on the "iRobot Elevate" strategy, with increased non-GAAP gross margin and improved operating cash use, but overall results fell short of expectations due to market headwinds, leading to a revised full-year outlook.
iRobot reported Q3 2024 financial results, showing progress in its turnaround strategy with expanded non-GAAP gross margin and improved operating cash use. However, overall results missed expectations due to market headwinds, leading to a revision of the full-year 2024 outlook. The company is on track to exceed operating expense targets while continuing to invest in growth areas.
- Non-GAAP gross margin increased by 590 basis points year-over-year due to restructuring and iRobot Elevate initiatives.
- Cash and cash equivalents totaled $99.4 million as of September 28, 2024.
- Total headcount reduced by 41% since year-end 2023.
- Revenue increased 23% in the U.S., declined 20% in Japan, and declined 11% in EMEA over the prior-year period.
Headline financials
Revenue & EPS history
iRobot · Revenue · Quarterly
$193M
Forward guidance
iRobot provided GAAP and non-GAAP financial expectations for the fourth quarter ending December 28, 2024 and updated the full-year 2024 outlook it provided on August 7, 2024.
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 2024
-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
| Quarter | Report date | Reaction (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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