iRobot Corp (NASDAQ:IRBT) Q1 2022 Earnings Conference Call May 5, 2022 8:00 AM ET
Company Participants
Andrew Kramer - VP, IR
Colin Angle - Founder, Chairman & CEO
Julie Zeiler - EVP & CFO
Conference Call Participants
Michael Latimore - Northland Capital Markets
James Ricchiuti - Needham & Company
Paul Chung - JPMorgan Chase & Co.
Asiya Merchant - Citigroup
John Babcock - Bank of America Merrill Lynch
Operator
Good day, and thank you for standing by. Welcome to iRobot's First Quarter 2022 Financial Results Conference Call. [Operator Instructions].
I would now like to hand the conference over to your speaker today, Mr. Andrew Kramer. Mr. Kramer, the floor is yours.
Andrew Kramer
Thank you, Chelsea. Good morning, everybody. Joining me on today's call are iRobot's Chairman and CEO, Colin Angle; and Executive Vice President and CFO, Julie Zeiler.
Before I start the agenda for today's -- set the agenda for today's call, I would like to note that statements made on today's call that are not based on historical information are forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are subject to risks and uncertainties and involve many factors that could cause actual results to differ materially from those expressed or implied by such statements.
Additional information on these risks and uncertainties can be found in our public filings with the Securities and Exchange Commission. iRobot undertakes no obligation to update or revise these forward-looking statements, whether as a result of new information or circumstances.
Related to our financial disclosures during this conference call, we will reference certain non-GAAP financial measures as defined by SEC Regulation G, including non-GAAP gross margin, non-GAAP operating expense, non-GAAP operating income and loss, non-GAAP operating profit margin, non-GAAP effective tax rate and non-GAAP net income and loss per share. We believe that our non-GAAP financial results help provide additional transparency into iRobot's underlying operating performance and potential.
Our definitions of these non-GAAP financial measures and reconciliations of each of these non-GAAP financial measures to the most directly comparable GAAP measure are provided at the end of these prepared remarks and in the financial tables at the end of the first quarter 2022 financial results press release we issued last evening, which is available on our website at www.irobot.com.
Also, unless stated otherwise, our first quarter 2022 financial metrics as well as the financial metrics provided in our outlook that will be discussed on today's conference call will be on a non-GAAP basis only, and all historical comparisons are with the first quarter of 2021. In addition to posting the press release and today's prepared remarks on our website, we've also posted a document that summarizes our 2022 financial outlook including all relevant modeling assumptions for the second quarter, the first and second halves 2022 and the full fiscal year.