earnings
confidence high
sentiment neutral
materiality 0.75
iRobot Q3 rev $193.4M, GAAP op income $7.3M vs loss $59.5M; CFO/CHRO retire; revises FY outlook
IROBOT CORP
2024-Q3 EPS reported
-$2.34
revenue$509,811,000
- Revenue $193.4M (+4% YoY); GAAP gross margin 32.2% vs 25.8%; GAAP operating income $7.3M vs prior year loss of $59.5M.
- GAAP net loss per share ($0.21) vs ($2.86) YoY; non-GAAP EPS $0.03 vs ($2.82).
- CEO cites competitive headwinds; full-year 2024 revenue outlook revised downward.
- CFO Julie Zeiler retires Dec 2; succeeded by Karian Wong (current VP Finance). CHRO Russ Campanello retires; replaced by Jules Connelly.
- Wong to receive $450k base salary + equity grants; Connelly $350k base + equity.