How did iRobot's revenue and expenses shift in Q4 2024 compared to previous quarters?

**iRobot's Revenue and Expenses Shifts in Q4 2024: A Comparative Analysis**: 1. **Revenue Shift**: - **Q4 2024 Performance**: iRobot reported a total revenue of $193.44 million for Q3 2024. - **Comparison with Previous Quarters**: - Revenue increased from $172.04 million in Q4 2023. - Revenue also rose from $166.36 million in Q2 2024. - Revenue peaked at $150.01 million in Q1 2024. |code|Ticker|Name|Date|Total Revenue YoY|Total Revenue|market_code| |---|---|---|---|---|---|---| |IRBT|IRBT.O|iRobot|2024 Q1|-6.412048012377411|1.50014E8|185| |IRBT|IRBT.O|iRobot|2024 Q2|-29.67730208650367|1.66361E8|185| |IRBT|IRBT.O|iRobot|2024 Q3|3.898998796837401|1.93435E8|185| |IRBT|IRBT.O|iRobot|2024 Q4|-44.0606872512551|1.72038E8|185| - This indicates a seasonal peak in sales, typical for the holiday shopping season, with a strong domestic revenue contribution. 2. **Expense Shift**: - **Q3 2024 Performance**: Operating expenses were significantly reduced to $47.7 million, a 47% decrease from $90.1 million in Q3 2023. - **Comparison with Previous Quarters**: While specific Q4 2024 expense data is not available, the Q3 2024 figures show a substantial reduction in operating expenses. - This reduction is attributed to cost-saving measures, including a global workforce reduction of approximately 50%. 3. **Insights and Analysis**: - iRobot's strategic cost-cutting measures have led to improved financial performance with a reported operating income of $15.1 million in Q3 2024, compared to an operating loss in the same period last year. - The company's gross margin expanded by 590 basis points year-over-year to 32.4% in Q3 2024, indicating improved profitability. - Despite these improvements, iRobot faced regional revenue declines and macroeconomic headwinds, which impacted its Q4 revenue guidance, leading to a wider operating loss. - The company's inventory levels reduced by approximately 50% to $149.2 million, reflecting effective supply chain management amid financial challenges. In conclusion, iRobot's revenue showed a seasonal surge in Q4 2024, while expenses were significantly reduced due to cost-cutting measures, leading to improved financial performance. However, regional revenue declines and macroeconomic challenges posed risks to its overall financial health.