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Sep 30, 2023
iRobot Q3 2023 Earnings Report
Announced financial results for the third quarter ended September 30, 2023.
Key Takeaways
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.
Revenue by Geographic Location
Forward Guidance
iRobot has suspended its practice of providing financial guidance due to the pending transaction with Amazon.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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