secwatch.observer — SEC 8-K summary
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Issuer:     IROBOT CORP (—)
CIK:        0001159167
Form:       8-K
Filed at:   2023-02-13T23:59:59+00:00
Accession:  0001159167-23-000007
Event type: earnings
Sentiment:  negative
Materiality: 0.85
Item codes: 2.02, 9.01, 2.05
LLM model:  deepseek-v4-flash:cloud@v2

iRobot Q4 revenue $357.9M, GAAP loss $3.07/share; plans to cut 85 jobs (7% workforce)
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- Q4 2022 revenue $357.9M, down from $455.4M in Q4 2021; full-year revenue $1.18B, down 24% YoY.
- GAAP net loss per share $3.07 in Q4 vs $1.17 loss prior year; full-year loss per share $10.52 vs income $1.08.
- Non-GAAP operating loss $61.6M in Q4; full-year operating loss $168.0M vs operating income $38.3M in 2021.
- New restructuring: reduce workforce by ~85 (7%), expects $4M charges in Q1 2023, net annual savings ~$14M.
- Cash and short-term investments $117.9M at Dec 31, 2022, down from $234.5M at end of 2021; repaid $90M credit facility.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1159167/000115916723000007/0001159167-23-000007-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1159167/000115916723000007/irbt-20230208.htm
  HTML page:      https://secwatch.observer/filing/0001159167-23-000007

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