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iRobot swings to Q4 loss, says that chip shortage, shipping delays dent sales

iRobot swings to Q4 loss, says that chip shortage, shipping delays dent sales

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Shares of iRobot Corp. IRBT, +4.07% tanked more than 11% in the extended session Wednesday after the maker of the Roomba robotic vacuum cleaner and other products reported a wider-than-expected fourth-quarter loss and sales fell short of estimates, saying that chip shortages, shipping delays and other supply-chain problems crimped its business. IRobot said it lost $31.5 million, or $1.17 a share, in the quarter, contrasting with a net income of $13 million, or 46 cents a share, in the year-ago quarter.

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