$IRBT iRobot Q4 earnings and thoughts

EPS of -$1.05 misses by $0.11. 👎

Revenue of $455.4M (-16.4% Y/Y) misses by $8.37M. 👎

2022 Outlook for 12% to 18% Revenue Growth and 12% to 49% EPS Expansion 😑

Management states that issues will continue for another two quarters and I’m willing to sit this one out until I see some improvements.

If you add potential rate hikes into the equation then the fair value is even lower (potentially) then before.

I foreseen this potential issues before they even became so and I sold out of $IRBT when it reached my sell price.

The high reliance on other countries for supplies and failure to bring lawn mower was a few red flags I saw before and they introduced “robot as a service” or something along those lines was not gonna cut it. 🚩

If you are a shareholder I would recommend to check your thesis before blindly “buying the dip” for others I think there are many other better opportunities in my opinion