iRobot Q3 2022 Earnings Report
Key Takeaways
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.
iRobot
iRobot
iRobot Revenue by Geographic Location
Forward Guidance
iRobot will not hold a third-quarter 2022 financial results conference call and its practice of providing financial guidance remains suspended.
Revenue & Expenses
Visualization of income flow from segment revenue to net income