IROBOT CORPORATION ($NASDAQ:IRBT) reported total revenue of USD 236.6 million for the second quarter of FY2023, ending June 30 2023, a decrease of 7.4% from the same period in the previous year. Net income for the quarter decreased to USD -80.8 million, compared to -43.4 million in the same quarter of the preceding year.
IROBOT CORPORATION reported their second quarter earnings results for FY2023 on Tuesday. The stock opened at $38.6 and closed at $38.7, a decrease of 1.0% compared to the previous closing price of 39.1. This was mainly due to increased revenue from robot vacuums, educational robots, and health-related products. The company looks to continue with its strategy of investing in innovation and expanding product offerings to drive long-term growth. Live Quote…
About the Company
Ownership (Institutional/ Fund Holdings)
Below shows the total revenue, net income and net margin for Irobot Corporation. More…
Income Statement Reports (Yearly/ Quarterly/ LTM)
Cash Flow Snapshot
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Balance Sheet Snapshot
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Balance Sheet (Yearly/ Quarterly)
Balance Sheet Supplement
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Key Ratios Snapshot
Some of the financial key ratios for Irobot Corporation are shown below. More…
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Analysis – Irobot Corporation Intrinsic Value
At GoodWhale, we have conducted a thorough analysis of IROBOT CORPORATION‘s fundamentals. Our proprietary Valuation Line suggests that the intrinsic value of IROBOT CORPORATION share is around $35.5. Currently, the stock is trading at $38.7, which means it is overvalued by 9.1%. Therefore, for investors looking to invest in IROBOT CORPORATION, we would suggest to be wary of the current overvaluation and to keep an eye on the stock prices. More…
Risk Rating Analysis
Star Chart Analysis
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IROBOT CORPORATION recently reported its second quarter of FY2023 earnings results, showing a decrease in both revenue and net income year-over-year. Revenue for the quarter was USD 236.6 million, a 7.4% decrease compared to the same period in the previous year, while net income was -USD 80.8 million, a decrease from -43.4 million in the same quarter last year. These figures may be concerning for potential investors, as they suggest that the company’s performance is declining.
However, investors should note that the current economic climate may be causing some disruption in the company’s operations, and that as the economy improves, IROBOT CORPORATION’s performance may also improve. Therefore, investors should remain vigilant and consider all aspects before making any long-term investment decisions.