iRobot Corp Stock Research

Market Summary

USD33.54-0.33

Market Closed

-0.97%

IRBT Alerts

Big fall in Revenue (Y/Y)
Big fall in earnings (Y/Y)
Losses in recent quarter

IRBT Stock Price

IRBT RSI Chart

IRBT Valuation

Market Cap

925.5M

Price/Earnings (Trailing)

-2.75

Price/Sales (Trailing)

0.88

EV/EBITDA

-3.38

Price/Free Cashflow

-9.97

IRBT Price/Sales (Trailing)

IRBT Profitability

EBT Margin

-22.11%

Return on Equity

-60.18%

Return on Assets

-34.27%

Free Cashflow Yield

-10.03%

IRBT Fundamentals

IRBT Revenue

Revenue (TTM)

1.1B

Revenue Y/Y

-45.1%

Revenue Q/Q

-55.21%

IRBT Earnings

Earnings (TTM)

-337.0M

Earnings Y/Y

-166.76%

Earnings Q/Q

3.56%

Price Action

52 Week Range

31.3760.25

(Low)(High)

Last 7 days

4.6%

Last 30 days

-18.4%

Last 90 days

-20.6%

Trailing 12 Months

-27.2%

IRBT Financial Health

Current Ratio

1.78

IRBT Investor Care

Shares Dilution (1Y)

1.76%

Diluted EPS (TTM)

-12.34

Peers (Alternatives to iRobot)

View All Peers In Detail

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
DHI	36.4B	33.7B	0.60%	46.90%	7.01	1.08	10.55%	3.05%
GRMN	19.9B	4.8B	9.07%	2.08%	20.61	4.11	-4.88%	-10.19%
PHM	14.8B	16.6B	1.92%	46.94%	5.5	0.89	15.83%	28.51%
MID-CAP
WHR	7.4B	19.5B	4.03%	-23.30%	-3.68	0.38	-9.72%	-220.82%
MHK	6.8B	11.5B	0.25%	-31.78%	-48.29	0.59	-0.17%	-113.42%
BLD	6.5B	5.1B	-2.97%	4.17%	11.34	1.28	30.49%	52.33%
NWL	3.6B	8.9B	-26.39%	-58.39%	-27.17	0.41	-16.96%	-117.57%
HELE	2.4B	2.1B	22.54%	-45.08%	16.79	1.16	-6.78%	-35.97%
SONO	1.8B	1.7B	-28.89%	-30.22%	-91.64	1.11	-7.64%	-114.26%
SMALL-CAP
IRBT	925.5M	1.1B	-18.39%	-27.20%	-2.75	0.88	-32.31%	-4418.05%
HBB	132.7M	622.9M	1.05%	-11.44%	5.25	0.21	-4.98%	-47.99%
UEIC	132.4M	518.7M	-15.67%	-67.84%	325.26	0.24	-11.10%	-1161.32%
KOSS	36.6M	14.2M	-1.64%	-39.20%	4.09	2.58	-24.68%	636.82%
MSN	12.3M	7.0M	8.88%	-16.40%	-5.14	1.74	-12.51%	34.83%

Financials for iRobot

Income Statement (Last 12 Months)
Description	(%) Q/Q	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1
Revenue	-11.1%	1,051,706,000	1,183,383,000	1,280,959,000	1,443,450,000	1,553,695,000
Gross Profit	-20.3%	279,129,000	350,093,000	390,492,000	476,839,000	534,870,000
Operating Expenses	-2.2%	577,521,000	590,476,000	591,005,000	568,487,000	565,646,000
S&GA Expenses	-5.6%	277,007,000	293,307,000	300,481,000	299,263,000	299,923,000
R&D Expenses	-0.4%	165,911,000	166,508,000	166,363,000	165,200,000	161,940,000
EBITDA	-26.7%	-213,814,000	-168,766,000	-43,357,000	19,071,000	-
EBITDA Margin	-37.1%	-0.18	-0.13	-0.03	0.01	-
Earnings Before Taxes	-16.2%	-304,024,000	-261,683,000	-217,175,000	-80,746,000	-17,978,000
EBT Margin	-30.4%	-0.22	-0.17	-0.06	-0.01	-
Net Income	-17.7%	-337,001,000	-286,295,000	-233,704,000	-48,122,000	-7,459,000
Net Income Margin	-32.6%	-0.24	-0.18	-0.03	0.00	-
Free Cahsflow	38.8%	-102,325,000	-167,311,000	-233,179,000	-184,748,000	-

* denotes actual numbers (not divided by Millions)
Balance Sheet					(In Millions)
Description	(%) Q/Q	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1
Assets	-20.4%	665	835	1,038	1,070	1,036
Current Assets	-31.1%	364	528	726	660	647
Cash Equivalents	-59.4%	48.00	118	90.00	63.00	112
Inventory	-19.5%	230	285	419	397	331
Net PPE	-8.4%	56.00	61.00	67.00	69.00	72.00
Goodwill	1.1%	170	168	160	165	170
Liabilities	-25.2%	269	360	477	393	341
Current Liabilities	-27.7%	214	296	420	332	276
Shareholder's Equity	-16.9%	395	476	562	677	695
Retained Earnings	-40.7%	118	199	284	412	455
Additional Paid-In Capital	2.5%	264	257	248	239	229
Shares Outstanding	0.6%	28.00	27.00	27.00	27.00	27.00

* denotes actual numbers (not divided by Millions)
Cashflow (Last 12 Months)					(In Millions)
Description	(%) Q/Q	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1
Cashflow From Operations	8.7%	-82.19	-90.00	-153	-220	-162
Share Based Compensation	2.3%	33.00	32.00	29.00	23.00	22.00
Cashflow From Investing	-628.5%	-11.88	2.00	-71.47	-70.83	-79.23
Cashflow From Financing	887.8%	29.00	3.00	93.00	-62.29	-147
Buy Backs	NaN%	0.00	0.00	200	-	-

Risks for IRBT

What is the probability of a big loss on IRBT?

96.2%

Probability that iRobot stock will be more than 20% underwater in next one year

92.7%

Probability that iRobot stock will be more than 30% underwater in next one year.

60%

Probability that iRobot stock will be more than 40% underwater in next one year.

*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does IRBT drawdown profile look like?

Y-axis is the maximum loss one would have experienced if iRobot was unfortunately bought at previous high price.

Drawdowns

Returns for IRBT

Cumulative Returns on IRBT

-0.1%

10-Year Cumulative Returns

-1.9%

7-Year Cumulative Returns

-11.8%

5-Year Cumulative Returns

-24.3%

3-Year Cumulative Returns

What are the long-term rolling returns for IRBT?

FIve years rolling returns for iRobot.

Annualized Returns

Which funds bought or sold IRBT recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
2023-05-24	Mint Tower Capital Management B.V.	sold off	-100	-2,265,000	-	-%
2023-05-22	AMERIPRISE FINANCIAL INC	reduced	-21.97	-2,013,390	4,869,610	-%
2023-05-19	Coppell Advisory Solutions LLC	sold off	-100	-27,723	-	-%
2023-05-18	NEW YORK STATE COMMON RETIREMENT FUND	reduced	-30.5	-356,000	607,000	-%
2023-05-18	JPMORGAN CHASE & CO	reduced	-13.31	-7,559,000	27,764,000	-%
2023-05-17	Thrivent Financial for Lutherans	reduced	-3.39	-166,000	1,178,000	-%
2023-05-17	Sunbelt Securities, Inc.	unchanged	-	-24,951	253,674	0.04%
2023-05-17	Advisory Services Network, LLC	unchanged	-	-548	5,324	-%
2023-05-16	Rockefeller Capital Management L.P.	sold off	-100	-8,000	-	-%
2023-05-16	SUSQUEHANNA INTERNATIONAL GROUP, LLP	new	-	2,976,600	2,976,600	-%

Latest Funds Activity

Are funds buying IRBT calls or puts?

Calls

Puts

Are funds bullish or bearish(Calls - Puts)?

Net Call Options

No. of funds that own IRBT

No. of Funds

iRobot News

Schedule 13G FIlings of iRobot

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 10, 2023	alpine associates management inc.	5.49%	1,501,100	SC 13G
Feb 09, 2023	primecap management co/ca/	7.06%	1,930,653	SC 13G/A
Feb 09, 2023	vanguard group inc	10.73%	2,934,514	SC 13G/A
Feb 03, 2023	pictet asset management sa	0.15%	40,375	SC 13G
Jan 26, 2023	blackrock inc.	17.1%	4,679,984	SC 13G/A
Jan 20, 2023	blackrock inc.	17.1%	4,679,984	SC 13G
Nov 30, 2022	magnetar financial llc	4.98%	1,362,995	SC 13D/A
Sep 09, 2022	magnetar financial llc	5.28%	1,437,043	SC 13D
Feb 10, 2022	primecap management co/ca/	8.98%	2,421,043	SC 13G/A
Jan 28, 2022	blackrock inc.	18.6%	5,016,703	SC 13G/A

IRBT Fair Value

iRobot fair value in different scenarios

The table shows the Fair Value estimates for iRobot for various scenarios. Disclaimer: These are just estimations from a model. None of the models are good at predicting the future. Please dont buy or sell stocks based on these outputs.

Fair Value	Very Pessimistic	Pessimistic	Base Case	Optimistic	Very Optimistic
Very Low Inflation	21.72 -35.24%	28.21 -15.89%	44.32 32.14%	58.54 74.54%	69.17 106.23%
Current Inflation	20.51 -38.85%	26.26 -21.71%	40.46 20.63%	52.75 57.27%	61.90 84.56%
Very High Inflation	18.97 -43.44%	23.83 -28.95%	35.76 6.62%	45.79 36.52%	53.22 58.68%

Historical iRobot Fair Value Estimates

Very Pessimistic Case

Pessimistic Case

Fair Value

Optimistic Case

Very Optimistic Case

Closing Stock Price

Recent SEC filings of iRobot

View All Filings

Date Filed	Form Type	Document
May 16, 2023	SD	SD
May 09, 2023	10-Q	Quarterly Report
May 09, 2023	8-K	Current Report
Apr 11, 2023	ARS	ARS
Apr 11, 2023	DEF 14A	DEF 14A
Apr 11, 2023	DEFA14A	DEFA14A
Mar 14, 2023	4	Insider Trading
Mar 14, 2023	4	Insider Trading
Mar 14, 2023	4	Insider Trading
Mar 14, 2023	4	Insider Trading

Latest Insider Trading transactions for IRBT

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
2023-03-12	Angle Colin M	sold (taxes)	-88,475	43.93	-2,014	chief executive officer
2023-03-12	ZEILER JULIE	sold (taxes)	-19,988	43.93	-455	evp, chief financial officer
2023-03-12	Blanc Jean Jacques	sold (taxes)	-16,649	43.93	-379	chief commercial officer
2023-03-12	Weinstein Glen Daniel	sold (taxes)	-19,548	43.93	-445	evp and chief legal officer
2023-03-12	Wong Karian	sold (taxes)	-4,656	43.93	-106	vp, finance
2023-03-12	CAMPANELLO RUSSELL J	sold (taxes)	-15,990	43.93	-364	evp human resources, corp comm
2023-03-11	Wong Karian	sold (taxes)	-16,913	43.93	-385	vp, finance
2023-03-11	CAMPANELLO RUSSELL J	sold (taxes)	-67,652	43.93	-1,540	evp human resources, corp comm
2023-03-11	ZEILER JULIE	sold (taxes)	-84,521	43.93	-1,924	evp, chief financial officer
2023-03-11	Blanc Jean Jacques	sold (taxes)	-70,463	43.93	-1,604	chief commercial officer

About iRobot

Colin M. Angle

www.irobot.com

1370

iRobot Corporation designs, builds, and sells robots and home innovation products in the United States, Europe, the Middle East, Africa, Japan, and internationally. The company offers floor care products, including Roomba floor vacuuming robots; Roomba accessories and consumables, such as the Clean Base Automatic Dirt Disposal, replacement dirt disposal bags for the Clean Base, filters, brushes, and batteries; Braava family of automatic floor mopping robots; and Braava accessories and consumables, which include cleaning solution, washable and disposable mopping pads, replacement tanks, and batteries, as well as subscription services. It also provides H1 Handheld Vacuum, a portable vacuum; H1 Handheld Vacuum accessories comprising filters, chargers, batteries, and an extension kit that converts the H1 Handheld Vacuum into a stick vacuum; air purifiers under the Aeris brand; Root robots to help children learn how to code; and Create 2, a mobile robot platform that offers an opportunity for educators, developers, and high-school and college students to program behaviors, sounds, movements, and add additional electronics, as well as sells filters and fabric covers. The company sells its products through chain stores and other national retailers, distributors, and resellers, as well as through its website and app, and e-commerce websites. iRobot Corporation was incorporated in 1990 and is headquartered in Bedford, Massachusetts.

IRBT Income Statement

2023-04-01

Consolidated Statements of Income Statement - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Apr. 01, 2023	Apr. 02, 2022
Revenue	$ 160,292	$ 291,969
Cost of product revenue	123,459	183,633
Amortization of acquired intangible assets	282	821
Total cost of revenue	123,741	184,454
Gross profit	36,551	107,515
Research and development	41,934	42,529
Selling and marketing	44,765	61,065
General and administrative	30,971	26,698
Amortization of acquired intangible assets	178	510
Total operating expenses	117,848	130,802
Operating loss	(81,297)	(23,287)
Other expense, net	(1,077)	(16,746)
Loss before income taxes	(82,374)	(40,033)
Income tax benefit	(1,262)	(9,627)
Net loss	$ (81,112)	$ (30,406)
Basic	$ (2.95)	$ (1.12)
Diluted	$ (2.95)	$ (1.12)
Basic	27,467	27,051
Diluted	27,467	27,051

IRBT Balance Sheet

2023-04-01

Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands	Apr. 01, 2023	Dec. 31, 2022
Current assets:
Cash and cash equivalents	$ 47,915	$ 117,949
Accounts receivable, net	29,645	66,025
Inventory	229,688	285,250
Other current assets	56,987	59,076
Total current assets	364,235	528,300
Property and equipment, net	55,774	60,909
Operating lease right-of-use assets	25,443	26,084
Deferred tax assets	15,226	16,248
Goodwill	169,570	167,724
Intangible Assets, Net	10,919	11,260
Other assets	23,460	24,918
Total assets	664,627	835,443
Current liabilities:
Accounts payable	74,014	184,016
Accrued expenses	100,902	98,959
Deferred revenue and customer advances	12,084	13,208
Short-term notes payable	27,000	0
Total current liabilities	214,000	296,183
Operating lease liabilities	31,581	33,247
Deferred tax liabilities	526	931
Other long-term liabilities	23,081	29,366
Total long-term liabilities	55,188	63,544
Total liabilities	269,188	359,727
Commitments and contingencies (Note 10)
Preferred stock, 5,000 shares authorized and none outstanding	0	0
Common stock, $0.01 par value, 100,000 shares authorized; 27,594 and 27,423 shares issued and outstanding, respectively	276	274
Additional paid-in capital	263,837	257,498
Retained earnings	118,303	199,415
Accumulated other comprehensive income	13,023	18,529
Total stockholders’ equity	395,439	475,716
Total liabilities and stockholders’ equity	$ 664,627	$ 835,443
Preferred stock, shares authorized	5,000,000	5,000,000
Common stock, shares outstanding	27,594,000	27,423,000
Common stock, shares issued	27,594,000	27,423,000
Common stock, shares authorized	100,000,000	100,000,000
Common stock, par value	$ 0.01	$ 0.01