Financial PerformanceIRBT delivered better-than-expected revenues, margins and posted a smaller Q1 loss, an encouraging step given ongoing market challenges.
LeadershipThe company announced its new CEO, Gary Cohen, a seasoned executive at leading consumer and B2B companies, including Timex and Gillette.
Operational EfficiencyImpressed thus far with IRBT’s ability to drive down op-ex, which should result in better earnings leverage as the top line improves.