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Jul 01, 2023
iRobot Q2 2023 Earnings Report
Announced financial results for the second quarter ended July 1, 2023.
Key Takeaways
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.
iRobot
iRobot
iRobot Revenue by Geographic Location
Revenue by Geographic Location
United States Revenue
CapyFin.com 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.