iRobot reports Q4 EPS ($2.28) vs ($3.07) last year

Reports Q4 revenue $307.544M vs $357.872M last year. “As we shared last month, we are actively implementing an operational restructuring plan designed to both stabilize the business in the current environment and advance our growth initiatives,” said Glen Weinstein, Interim CEO of iRobot. “The plan will simplify our cost structure, create a more sustainable business model, and enable us to focus on our core value drivers. As we move forward with urgency and focus, our management team and Board are confident in iRobot’s ability to build on our innovation and to navigate this period successfully as a standalone company.”