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Jan 02, 2021
iRobot Q4 2020 Earnings Report
Reported better-than-expected operating income and EPS driven by 28% revenue growth.
Key Takeaways
iRobot reported a strong Q4 2020 with revenue growth of 28% to $544.8 million and EPS of $0.46. The company's performance was driven by solid demand and strong execution, with growth exceeding 25% in each major geographic region. The connected customer base grew over 80% in 2020.
Q4 2020 revenue grew 28% to $544.8 million.
Fourth-quarter 2020 GAAP operating income was $15.3 million.
GAAP net income per share for the fourth quarter of 2020 was $0.46.
At the end of 2020, iRobot supported approximately 9.7 million connected customers, an increase of over 80% since the end of 2019.
iRobot
iRobot
iRobot Revenue by Geographic Location
Revenue by Geographic Location
United States Revenue
CapyFin.com Forward Guidance
iRobot is providing GAAP and non-GAAP financial expectations for the fiscal year ending January 1, 2022.
Positive Outlook
- Revenue $1.635 - $1.675 billion
- Gross Profit $662 - $692 million
- Operating Income $69 - $79 million
- Earnings Per Share $1.85 - $2.10
- Non-GAAP Earnings Per Share $3.00 - $3.25