iRobot Corporation (IRBT) - NASDAQ
  • Wed, Feb. 10, 5:53 PM
    • Though iRobot (NASDAQ:IRBT) beat Q4 estimates, the company is guiding for Q1 revenue of $125M-$135M and EPS of -$0.03 to $0.04, below a consensus of $137.9M and $0.25.
    • Full-year guidance is for revenue of $630M-642M and EPS of $1.20-$1.40, below a consensus of $692.9M and $1.64. The guidance assumes the pending sale of iRobot's defense/security robot unit will close in Q1. The defense robot unit had 2015 revenue of $55M.
    • CEO Colin Angle suggests iRobot will invest aggressively in its home robot ops. "Looking over a 3-year horizon, it is critical that we make strategic investments today to drive diversification of Home revenue for the future. This will include product diversification through more significant contributions from wet floor care as well as future revenue opportunities from connected, mapping products. This will also include more significant regional diversification as China continues to ramp and Japan returns to growth."
    • With the help of the Roomba 980 launch, home robot division revenue rose 31% Y/Y in Q4 to $175.2M - U.S. sales totaled $84.3M, and international sales $90.9M. Home robot unit shipments rose 35% Y/Y to 771K, and ASP by $7 to $262. Chinese sales were up over 70% Y/Y. GAAP operating expenses rose 14% to $72.3M.
    • iRobot has dropped to $30.58 after hours.
    • iRobot's Q4 results, earnings release
    | Wed, Feb. 10, 5:53 PM
  • Wed, Feb. 10, 5:40 PM
    | Wed, Feb. 10, 5:40 PM | 10 Comments
  • Wed, Feb. 10, 4:06 PM
    • iRobot (NASDAQ:IRBT): Q4 EPS of $0.60 beats by $0.04.
    • Revenue of $206.42M (+29.5% Y/Y) beats by $4.17M.
    • Shares +3.35%.
    • Press Release
    | Wed, Feb. 10, 4:06 PM
  • Thu, Feb. 4, 9:48 AM
    • P-E firm Arlington Capital is buying iRobot's (NASDAQ:IRBT) defense/security robot business for up to $45M, after factoring a milestone-based contingent payment. The deal is expected to close "in the next few months."
    • Activist Red Mountain Capital previously called on iRobot to explore options for its defense/security robot ops, noting they account for less than 10% of revenue and aren't expected to grow significantly over the next few years. iRobot's Defense & Security sales fell 42% Y/Y in Q3 to $6.2M, with gross margin dropping to 42.9% from 53.3% a year earlier.
    • CEO Colin Angle: "iRobot sees significant growth opportunities in the consumer robotic technology market, particularly in light of the successful Roomba 980 launch and the potential presented by the connected smart home ... The divestiture of the Defense & Security business will allow us to focus on the Home Robots business, bring new products to market, continue our expansion in China and build upon successful new marketing campaigns."
    • Along with the sale, iRobot has announced it's expanding its buyback authorization by $65M, bringing the total value of its 2016 program above $100M. A 1M-share buyback was announced in late December.
    • iRobot has rallied above $35. Q4 results arrive on Feb. 10.
    | Thu, Feb. 4, 9:48 AM | 4 Comments
  • Oct. 20, 2015, 5:40 PM
    | Oct. 20, 2015, 5:40 PM
  • Oct. 20, 2015, 4:47 PM
    • Though it beat Q3 EPS estimates and just slightly missed on revenue, iRobot (NASDAQ:IRBT) is guiding for Q4 revenue of $200M-$205M and EPS of $0.53-$0.58, below a consensus of $215.6M and $0.65.
    • The Roomba maker blames "a slower than expected recovery in Japan and our continued caution in a few other international markets," U.S. and Chinese demand is expected to be healthier.
    • Q3 EPS benefited from a decision to curtail Japanese spending due to a weak macro climate. A strong early reception is claimed for the recently-launched intelligent/connected Roomba 980 home robot.
    • Home robot sales rose 3% Y/Y in Q3 to $136.5M, while defense/security sales fell 42% to $6.2M. U.S. sales rose 24% Y/Y to $57.8M, but international sales fell 8% to $78.7M.
    • Shares have fallen to $29.61 after hours.
    • Q3 results, PR
    | Oct. 20, 2015, 4:47 PM | 1 Comment
  • Oct. 20, 2015, 4:03 PM
    • iRobot (NASDAQ:IRBT): Q3 EPS of $0.42 beats by $0.19.
    • Revenue of $143.6M (+0.1% Y/Y) misses by $1.7M.
    • Shares +2.4%.
    | Oct. 20, 2015, 4:03 PM
  • Sep. 18, 2015, 8:59 AM
    • Shares of iRobot (NASDAQ:IRBT) are giving back gains built up yesterday after the company launched a new product.
    • A downgrade from Raymond James on IRBT to Market Perform from Outperform is in the background. Yesterday, Canaccord Genuity took a favorable view on the new Roomba 980.
    • IRBT -3.48% premarket to $30.25.
    | Sep. 18, 2015, 8:59 AM
  • Sep. 17, 2015, 2:01 PM
    • iRobot (NASDAQ:IRBT) asserts its Roomba 980 robot is "the first Roomba to combine adaptive navigation with visual localization, cloud connected app control, and increased cleaning power on carpets." It launches today in the U.S. and Canada, with prices starting at a steep $899. Japan and "select European countries" will get the device in Q4.
    • The 980 features a second-gen version of iRobot's iAdapt intelligent cleaning tech that lets the device "build a map of its environment as it cleans, keeping track of its location until it has cleaned an entire level." It can use the map to clean for up to 2 hours, before returning to its home base to recharge and then resume cleaning.
    • The robot also supports an iOS/Android app called Home that can be used to command it (via Wi-Fi) to start a new or scheduled cleaning job, and a revamped cleaning system said to deliver twice the cleaning power of the Roomba 600 and 700 lines by automatically boosting the motor's performance on carpet and rugs.
    • Other Roombas sport MSRPs ranging from $399 (the Roomba 650) to $699 (the Roomba 880). iRobot's home robot sales rose 3% Y/Y in Q2 to $136.8M, with U.S. sales rising and international sales falling.
    | Sep. 17, 2015, 2:01 PM
  • Apr. 23, 2015, 2:08 PM
    • Shares of iRobot (IRBT +6.3%) take back some ground lost earlier this week after the company's Q1 earnings and guidance disappointed.
    • Volume on iRobot is 2X normal activity.
    • Earlier this month, activist investor Red Mountain Capital Partners disclosed a 5.1% stake in iRobot and pressed the company to narrow its focus to the Roomba product.
    • Previously: iRobot -6.2% due to soft guidance (April 21)
    • Previously: iRobot beats by $0.06, beats on revenue (April 21)
    • SEC Form 13D
    | Apr. 23, 2015, 2:08 PM
  • Apr. 21, 2015, 5:37 PM
    | Apr. 21, 2015, 5:37 PM
  • Apr. 21, 2015, 4:16 PM
    • Though iRobot (NASDAQ:IRBT) beat Q1 estimates, it's guiding for Q2 revenue of $143M-$146M and EPS of $0.02-$0.06, well below a consensus of $156.9M and $0.31.
    • Full-year guidance is for revenue of $625M-$635M and EPS of $1.25-$1.35; the former is in-line with a $629.4M consensus, but the latter is mostly below a $1.34 consensus. Prior EPS guidance was $1.25-$1.45.
    • iRobot states its full-year outlook  reflects "our confidence that Home Robot revenue will grow 11-13% driven by growth in the United States and China, and our incremental marketing investments to strengthen awareness and support our international partners."
    • Shares have fallen to $31.15 AH.
    • Q1 results, PR
    | Apr. 21, 2015, 4:16 PM | 2 Comments
  • Mar. 18, 2015, 8:42 AM
    • Shares of iRobot (NASDAQ:IRBT) are under pressure in early trading after Raymond James drops its rating a level.
    • The investment firm went to an Outperform position from the loftier perch of Strong Buy.
    • iRobot issued guidance below expectations this year and has made a push to diversify with competition increasing in key product areas.
    • Previously: iRobot -6.9% on revenue miss, light guidance (Feb. 04 2015)
    • Previously: iRobot wants FCC to approve robotic lawn mower (Feb. 10 2015)
    • IRBT -2.1% premarket to $31.40.
    | Mar. 18, 2015, 8:42 AM
  • Feb. 5, 2015, 9:12 AM
    | Feb. 5, 2015, 9:12 AM
  • Feb. 4, 2015, 5:35 PM
    | Feb. 4, 2015, 5:35 PM | 12 Comments
  • Feb. 4, 2015, 4:24 PM
    • iRobot (NASDAQ:IRBT) is guiding for Q1 revenue of $114M-$117M and EPS of $0.08-$0.10, below a consensus of $133.8M and $0.27. Full-year guidance is for revenue of $625M-$635M and EPS of $1.25-$1.45, mostly below a consensus of $643.1M and $1.44.
    • The company notes overseas home robot growth will be "tempered" by macro and forex issues. Home robot sales are expected to rise 11%-13% in 2015 (mid-teens in U.S.), and defense/security robot sales are expected to grow for the first time since 2011.
    • Q4 home robot sales +24% Y/Y to $134.1M. Defense/security robots +48% to $24.1M.
    • Gross margin rose to 47.9% from 46.6% a year ago (helped EPS beat estimates in spite of the revenue miss). GAAP operating expenses rose 17% to $63.6M (compares with 26% rev. growth). $1.7M was spent on buybacks.
    • Shares are down to $29.75 AH, putting them right near a 52-week low of $29.73. JPMorgan's downgrade was well-timed.
    • Q4 results, PR
    | Feb. 4, 2015, 4:24 PM
Company Description
iRobot Corp. engages in the business of designing and building robots. It develops proprietary technology incorporating advanced concepts in navigation, mobility, manipulation and artificial intelligence to build robots. The company operates through two segments: Home Robots and Defense and... More
Industry: Appliances
Country: United States