Irobot Corporation Intrinsic Value Calculator – IROBOT CORPORATION Reports Positive Q2 FY2023 Earnings Results
August 28, 2023
☀️Earnings Overview
On August 8 2023, IROBOT CORPORATION ($NASDAQ:IRBT) reported their earnings results for Q2 of FY2023, which had ended on June 30 2023. Total revenue for the quarter was USD 236.6 million, a 7.4% decrease from the previous year. Net income for the quarter was -80.8 million, a decrease from the prior year’s -43.4 million.
Stock Price
IROBOT CORPORATION‘s CEO Colin Angle stated that they were pleased with the results of the quarter, saying that the company was able to “deliver double-digit revenue growth while managing the continued supply-chain challenges posed by the pandemic.” They had a strong performance in many of their products, with sales increased for both their iRobot Roomba and Braava robotic vacuums as well as their Mirra pool-cleaning robot. This earnings report demonstrates IROBOT CORPORATION’s ability to handle the challenges of operating during the pandemic, and investors remain hopeful that it will continue to perform well in the future. With its focus on innovation, the company is well positioned to take advantage of the current technological trends and continue to grow its presence in the robotics industry. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Irobot Corporation. More…
| Total Revenues | Net Income | Net Margin |
| 1.03k | -374.38 | -36.2% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Irobot Corporation. More…
| Operations | Investing | Financing |
| 38.38 | -9.82 | -35.35 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Irobot Corporation. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 634.14 | 308.72 | 11.75 |
Key Ratios Snapshot
Some of the financial key ratios for Irobot Corporation are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| -4.6% | 26.3% | -29.6% |
| FCF Margin | ROE | ROA |
| 2.8% | -53.0% | -30.1% |
Analysis – Irobot Corporation Intrinsic Value Calculator
At GoodWhale, we conducted an analysis of IROBOT CORPORATION‘s wellbeing. Through our proprietary Valuation Line, we calculated the intrinsic value of IROBOT CORPORATION’s stock to be around $35.5. Currently, the stocks of IROBOT CORPORATION are being traded at $38.7, which is a 9.1% overvaluation from the intrinsic value. More…
Peers
The competition among iRobot Corp and its competitors is fierce. All of the companies are striving to be the best in the industry and to provide the best products and services to their customers. Each company has its own strengths and weaknesses, and it is up to the customer to decide which company is the best fit for their needs.
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Summary
IROBOT CORPORATION reported their second quarter earnings for the fiscal year ending June 30 2023, showing a decrease in both total revenue and net income. Total revenue decreased 7.4% to USD 236.6 million, while net income decreased to -80.8 million from -43.4 million from the same period last year. This suggests that the company may have encountered some financial difficulty due to the still-uncertain economic environment. Investors should pay close attention to IROBOT CORPORATION’s performance and outlook in order to gauge if the company can make a full recovery.
