iRobot(IRBT)

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iRobot(IRBT) - 2022 Q4 - Annual Report
2023-02-14 22:13
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-K (Mark One) ☑ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission file no. 001-36414 iROBOT CORPORATION (Exact name of registrant as specified in its charter) Delaware 77-0259335 (State or other jurisdiction of incorporation or org ...
iRobot(IRBT) - 2022 Q1 - Earnings Call Transcript
2022-05-05 18:17
iRobot Corp (NASDAQ:IRBT) Q1 2022 Earnings Conference Call May 5, 2022 8:00 AM ET Company Participants Andrew Kramer - VP, IR Colin Angle - Founder, Chairman & CEO Julie Zeiler - EVP & CFO Conference Call Participants Michael Latimore - Northland Capital Markets James Ricchiuti - Needham & Company Paul Chung - JPMorgan Chase & Co. Asiya Merchant - Citigroup John Babcock - Bank of America Merrill Lynch Operator Good day, and thank you for standing by. Welcome to iRobot's First Quarter 2022 Financial Results ...
iRobot(IRBT) - 2021 Q4 - Earnings Call Transcript
2022-02-10 15:28
iRobot Corporation (NASDAQ:IRBT) Q4 2021 Earnings Conference Call February 10, 2022 8:30 AM ET Company Participants Andrew Kramer - Vice President of Investor Relations Colin Angle - Chairman & Chief Executive Officer Julie Zeiler - Executive Vice President & Chief Financial Officer Conference Call Participants Asiya Merchant - Citi John Babcock - Bank of America Chris Grenga - Needham & Company Ben Rose - Battle Road Research Operator Good day, and thank you for standing by. Welcome to the Q4 and Full Year ...
iRobot(IRBT) - 2021 Q3 - Earnings Call Transcript
2021-10-28 16:08
iRobot Corporation (NASDAQ:IRBT) Q3 Earnings Conference Call October 28, 2021 8:30 AM ET Company Participants Colin Angle – Chairman and CEO Andrew Kramer – Vice President of Investor Relations Julie Zeiler – Vice President and CFO Conference Call Participants Asiya Merchant – Citigroup John Babcock – Bank of America Ben Rose – Battle Road Research Mike Latimore – Northland Derek Soderberg – Colliers Securities Chris Grenga – Needham Operator Thank you for standing by and welcome to the Third Quarter 2021, ...
iRobot(IRBT) - 2021 Q2 - Earnings Call Transcript
2021-07-29 18:33
Financial Data and Key Metrics Changes - The company reported Q2 2021 revenue of $366 million, a 31% increase year-over-year, driven by strong demand in North America and EMEA [6][19] - Operating income was $9 million, with an operating profit margin of 2%, and EPS of $0.27 [6][24] - The company revised its 2021 revenue target to a range of $1.55 billion to $1.62 billion, reflecting an 8% to 13% growth over the previous year [11][16] Business Line Data and Key Metrics Changes - Roomba robots and accessories accounted for 88% of Q2 revenue, with a 42% growth from mid and premium tiers [7][20] - Direct-to-consumer (D2C) revenue grew 36% to $45 million, representing 12% of total revenue [21] - The company shipped over 11.6 million connected customers, a 67% increase from the previous year [8] Market Data and Key Metrics Changes - Revenue growth was 40% in the U.S., 29% in EMEA, and 7% in Japan [20] - Approximately two-thirds of total Q2 revenue came from e-commerce channels [21] Company Strategy and Development Direction - The company plans to introduce two new Roomba models and upgrade its Genius Home Intelligence platform [9] - There is a focus on diversifying manufacturing to Malaysia, with nearly half of U.S.-bound products produced there [16] - The company aims to defend its leadership in the premium segment while considering price increases to offset rising costs [13][29] Management's Comments on Operating Environment and Future Outlook - Management acknowledged challenges due to semiconductor shortages impacting supply chain capabilities [10][17] - The company remains optimistic about long-term growth potential despite short-term constraints, expecting improved component availability in 2022 [18][36] - Management emphasized the importance of maintaining supply chain resiliency and strategic customer relationships [17] Other Important Information - The gross margin for Q2 was 38%, impacted by tariffs and increased warranty costs [22][24] - The company ended Q2 with $416 million in cash and short-term investments, a decrease from Q1 [25] Q&A Session Summary Question: How will the chip shortage affect the introduction of new Roomba models? - Management stated that they will prioritize chips for new products to ensure successful launches despite the shortage [40] Question: Can you provide insights on sales and marketing expenditures in Q2? - Management indicated that investments in direct-to-consumer capabilities are foundational and will not scale linearly with revenue [42] Question: What is the impact of the chip shortage on competitive dynamics? - Management noted that while competitors will also face challenges, the extent of impact on market share remains uncertain [46] Question: How is the iRobot Select service progressing? - Management expressed optimism about the service, noting low churn rates and plans for scaling [50] Question: Are there signs that the semiconductor chip shortage is improving? - Management indicated that while the situation is better understood, it is not yet resolved, and improvements are expected in the future [52] Question: What factors are impacting gross margins compared to 2020? - Management highlighted increased costs for raw materials, transportation, and tariffs as significant factors affecting margins [56]