Irobot Corporation Intrinsic Value – IROBOT CORPORATION Reports Second Quarter Earnings Results for FY2023
August 23, 2023
🌥️Earnings Overview
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.
Share Price
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
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
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…
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 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.
