05:37 PM EDT, 03/11/2024 (MT Newswires) -- iRobot (IRBT) late on Monday reiterated 2024 financial outlook of a non-GAAP loss of $3.73 to $3.30 per share on revenue of $825 million to $865 million.

Four analysts polled by Capital IQ expect a loss of $3.47 and revenue of $837.8 million.

The company expects a Q1 non-GAAP loss of $2.13 to $2 per share on revenue of $137 million to $142 million.

Three analysts polled by Capital IQ expected a loss of $1.84 and revenue of $158.6 million.

During H1, the company expects revenue to drop in the high teens to low-20s percentage range versus a year ago, with Q2 likely a "weaker" year over year as the company expects a shifting of orders into Q3. During H2, the company anticipates a mid-single-digit percentage improvement in sales compared with a year earlier.

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