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IRBT / iRobot swings to Q4 loss, says that chip shortage, shipping delays dent sales

Shares of iRobot Corp. IRBT, +4.07% tanked more than 11% in the extended session Wednesday after the maker of the Roomba robotic vacuum cleaner and other products reported a wider-than-expected fourth-quarter loss and sales fell short of estimates, saying that chip shortages, shipping delays and other supply-chain problems crimped its business. IRobot said it lost $31.5 million, or $1.17 a share, in the quarter, contrasting with a net income of $13 million, or 46 cents a share, in the year-ago quarter. Read More

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Posted: Feb 9 2022, 16:40

Author Name: Market Watch

IRBT News

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iRobot (IRBT) Reports Q2 Net Loss, Y/Y Revenue Decline

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By Zacks Investment Research
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IRobot (IRBT) Reports Q2 Loss, Tops Revenue Estimates

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By The Motley Fool
August 7, 2023

Why iRobot Stock Fell 11.6% Last Month

Shares of iRobot dropped 11.6% in July, reflecting a lower price per share in the long struggle over the Amazon buyout. The company secured a $200 mil

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