2023-05-09 16:25:35 ET
- iRobot press release ( NASDAQ: IRBT ): Q1 Non-GAAP EPS of -$1.67 misses by $0.35 .
- Revenue of $160.29M (-45.1% Y/Y) misses by $77.82M .
- As of April 1, 2023, the company's cash and cash equivalents were $47.9 million, compared with $117.9 million at the end of 2022. During the quarter, the company drew $27 million from its credit facility.
- The company's community of engaged, connected customers who have opted-in to its digital communications grew to 18.3 million, an increase of 23% from the first quarter of 2022.
- The company's inventory balance was $229.7 million as of April 1, 2023, compared with $285.3 million at the end of 2022. GAAP days in inventory was 169 days, compared with 95 days at the end of 2022. Non-GAAP DII was 171 days, compared with 96 days at the end of 2022.
- Shares -8.25% .
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iRobot Non-GAAP EPS of -$1.67 misses by $0.35, revenue of $160.29M misses by $77.82M