Earnings release
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EX - 99.1 Contacts : Andrew Kramer Investor Relations iRobot Corp. ( 781 ) 430-3003 akramer@irobot.com Charlie Vaida Media Relations iRobot Corp. ( 781 ) 430-3182 cvaida@irobot.com BEDFORD , Mass . , May 3 , 2021 - iRobot Corp. ( NASDAQ : IRBT ) , a leader in consumer robots , today announced its financial results for the first quarter ended April 3 , 2021 . iRobot Reports First - Quarter 2021 Financial Results First - Quarter 2021 Revenue Growth of 58 % Underpins Stronger - than - Expected Profitability and EPS Performance Colin Angle , chairman and chief executive officer of iRobot , stated , " Our first - quarter results demonstrate that we are off to a very good start to 2021. Consumer demand for our products has remained resilient and our value proposition to provide customers with a highly differentiated , personalized cleaning experience has continued to resonate around the world . Just as important , we have continued to make tangible progress executing on our strategy as we enhanced our iRobot Genius platform , expanded our connected customer base , introduced a new complementary product and advanced our commercial activities for new services . " Commenting on the company's outlook , Angle said , " We have increased our expectations for 2021 revenue to reflect our first - quarter performance and solid growth prospects over the coming quarters . At the same time , we have reaffirmed our 2021 operating income and EPS as we plan to carefully manage our spending to offset higher - than expected costs arising from the tighter availability of semiconductor chips as well as rising raw material , freight and transportation costs . While it is still early in the year and there is substantial work ahead , we are very excited about our potential to deliver upside to our current targets , assuming demand signals remain favorable and we successfully mitigate the semiconductor chip constraints that are disrupting a wide range of industries . As we execute on our strategy , we remain confident about our ability to capitalize on a wide range of opportunities to sustain our top - line growth and drive meaningful profit and EPS expansion in 2022. " O Financial Performance Highlights Revenue for the first quarter of 2021 was $ 303.3 million , a 58 % increase from $ 192.5 million in the first quarter of 2020. iRobot's top - line growth reflected robust expansion in each major geographic region with stronger - than - expected demand from the company's distribution partners in EMEA and vibrant retail orders in North America , including certain orders that were previously anticipated for the second quarter . iRobot's revenue grew 40 % in the U.S. , 74 % in EMEA and 53 % in Japan compared with the same period last year . We estimate that iRobot's first - quarter 2021 revenue to support e - commerce , which spans the company's own website and app , dedicated e - commerce websites and the online arms of traditional retailers , grew by approximately 90 % over the first quarter of 2020 , and represented approximately 56 % of first - quarter 2021 revenue . Direct - to - consumer revenue of $ 35 million in the first quarter of 2021 grew 146 % from the same quarter last year . O