iRobot (NASDAQ:IRBT) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$193.4m (up 3.9% from 3Q 2023).
• Net loss: US$6.37m (loss narrowed by 92% from 3Q 2023).
• US$0.21 loss per share (improved from US$2.86 loss in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

iRobot EPS Beats Expectations, Revenues Fall Short

Revenue missed analyst estimates by 11%. Earnings per share (EPS) exceeded analyst estimates by 40%.

Looking ahead, revenue is expected to decline by 5.4% p.a. on average during the next 2 years, while revenues in the Consumer Durables industry in the US are expected to grow by 5.8%.

Performance of the American Consumer Durables industry.

The company's shares are down 21% from a week ago.

Risk Analysis

What about risks? Every company has them, and we've spotted 4 warning signs for iRobot (of which 2 are concerning!) you should know about.

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