|iRobot Reports First-Quarter Financial Results|
"Our first quarter results were outstanding. Building off the strong momentum we experienced during the year-end holidays, iRobot delivered first quarter 2017 consumer revenue growth of 32% due to growth across all regions," said
"We also achieved an important strategic initiative with the completion of the purchase of our Japanese distributor shortly after the close of the first quarter. Based on our Q1 results and our outlook for the rest of 2017, we are increasing our full-year financial expectations. We now expect 2017 revenue of
"These expectations reflect our confidence that the momentum we built during the 2016 holiday season, particularly in
"We are off to a great start in 2017 and tracking well to our near and longer term plans."
Management provides the following expectations with respect to the fiscal year ending
First-Quarter Conference Call
A live, audio broadcast of the conference call will also be available at http://investor.irobot.com/phoenix.zhtml?c=193096&p=irol-EventDetails&EventId=5242675. An archived version of the broadcast will be available on the same website shortly after the conclusion of the live event. A replay of the telephone conference call will be available through
For iRobot Investors
This press release includes Adjusted EBITDA, which is a non-GAAP financial measure as defined by SEC Regulation G. We define Adjusted EBITDA as earnings before interest, taxes, depreciation, amortization, stock-based compensation expense, net merger, acquisition and divestiture expense, net intellectual property litigation expense, and restructuring expense. A reconciliation between net income and Adjusted EBITDA is provided in the financial tables at the end of this press release.
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/irobot-reports-first-quarter-financial-results-300445480.html
Elise Caffrey, Investor Relations, iRobot Corp., (781) 430-3003, firstname.lastname@example.org, or Matthew Lloyd, Media Relations, iRobot Corp., (781) 430-3720, email@example.com