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Income Statement (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Revenue | 193M | 16.3% |
| Gross Profit | 62M | 127.1% |
| Cost of Revenue | 131M | 5.6% |
| Operating expense | 55M | 37.7% |
| Net Income | -6.4M | 91% |
| EBITDA | 1.2M | 101.8% |
Balance Sheet (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Total Assets | 670M | 14.3% |
| Total Liabilities | 520M | 19% |
| Total Equity | 150M | 0.7% |
| Shares Outstanding | 31M | 1.6% |
Cash Flow (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Cash from operations | -10M | 52.7% |
| Cash from investing | -10,000 | 78.3% |
| Cash from financing | 1.3M | 88.9% |
EPS
Financial Highlights for iRobot in Q3 '24
iRobot reported a revenue of 193M, which is a 16.3% change from the previous quarter. An increase in revenue typically indicates growing demand for the company's products or services. This positive change in revenue is a good sign, suggesting that the company's sales are moving in the right direction.
Gross Profit stood at 62M, marking a 127.1% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 131M, a -5.6% difference from the previous quarter. A rising cost of revenue may suggest increased production or sales costs, which can impact margins. However, if accompanied by a proportionate rise in revenue, it could indicate scaling operations.
Operating Expenses for this period were 55M, showing a -37.7% change from the last quarter. Operating expenses cover the costs of running daily business operations. A significant increase might indicate inefficiencies or investments in growth, while a decrease could suggest cost-saving measures or potential underinvestment in key areas.
Net Income for the quarter was -6.4M, showing a 91% change from the prior quarter. Net income provides a clear picture of the company's profitability after all expenses. An increase suggests the company is becoming more profitable, while a decrease may raise concerns about the company's financial health, unless there are specific one-time costs or investments.
The company's EBITDA for the quarter was 1.2M, showing a 101.8% change from the previous period. EBITDA gives insight into the company's operational profitability, excluding non-operating expenses like interest and taxes. A rising EBITDA indicates strong operational performance, while a declining EBITDA may signal operational challenges or increased costs.
It was a positive quarter for iRobot with growth in revenue, gross profit, and net income.
