iRobot's (IRBT) iRobot OS comes with pet-friendly features and helps enhance the user's cleaning experience at home.
Shares of robot vacuum specialist iRobot (NASDAQ: IRBT) tumbled 20.1% in April, according to data provided by S&P Global Market Intelligence, compared to an 8.8% decline for the S&P 500. The situation didn't get any better in May, with iRobot reporting first-quarter sales that fell well below expectations. In iRobot's fourth-quarter report in February, the company disclosed that around $35 million worth of orders went unfulfilled due to semiconductor shortages and shipping delays.
iRobot (IRBT) delivered earnings and revenue surprises of 52.17% and 3.46%, respectively, for the quarter ended March 2022. Do the numbers hold clues to what lies ahead for the stock?