iRobot Corp. provided earnings guidance for the first quarter ending March 30, 2024, reiterated earnings guidance for the fiscal year ending December 28, 2024 and provided revenue guidance for the first half and second half of 2024. For the first quarter, the company expects revenue of $137 million - $142 million, Operating Income to be $7 million ? $11 million and Net Loss Per Diluted Share to be $0.22 ? $0.09.

For the year, the company expects revenue of $825 million - $865 million, Operating loss to be $41 million ? $29 million and Net Loss Per Diluted Share to be $3.13 ? $2.70.

For the first half of 2024, revenue is expected to decline in the high teens to low 20s percentage range compared to the first half of 2023, with second quarter expected to be the weaker quarter year-over-year as the Company expects a shifting of orders into third quarter.

For the second half of 2024, the Company anticipates a mid-single-digit percentage improvement in revenue compared to the second half of 2023.