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Stock impact report

iRobot Reports First-Quarter 2024 Financial Results [Yahoo! Finance]

iRobot Corporation (IRBT) 
Last irobot corporation earnings: 4/28 04:01 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.irobot.com/investor-overview
Company Research Source: Yahoo! Finance
BEDFORD, Mass. May 7, 2024 /PRNewswire/ -- iRobot Corp. (NASDAQ: IRBT), a leader in consumer robots, today announced its financial results for the first quarter ended March 30, 2024 First-Quarter Financial Highlights Revenue of $150.0 million , compared with $160.3 million in Q1 of 2023. GAAP net income per share was compared with GAAP net loss per share of in Q1 of 2023. Non-GAAP net loss per share was compared with non-GAAP net loss per share of in Q1 of 2023. Positive cash flow from operations of $1.4 million benefited from one-time net proceeds of $75 million from transaction termination fee paid to the Company by Amazon.com. Recent Developments Named Gary Cohen , former Gillette, Timex and Energizer executive, as iRobot's new CEO. Launched Roomba Combo Essential robot and Roomba Vac Essential robot as first products to benefit from iRobot's new product development paradigm with its contract manufacturers. Substantially completed previously announced reduction-i Show less Read more
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