iRobot Corporation (NASDAQ:IRBT) Q1 2024 Earnings Conference Call May 8, 2024 8:30 AM ET

Company Participants

Karian Wong - Chief Accounting Officer
Glen Weinstein - Interim CEO
Julie Zeiler - EVP & CFO

Conference Call Participants

Asiya Merchant - Citigroup

Operator

Welcome to the iRobot First Quarter 2024 Earnings Conference Call. [Operator Instructions]. I would now like to turn the call over to Karian Wong, iRobot Senior Vice President and Principal Accounting Officer. Please go ahead.

Karian Wong

Thank you, operator, and good morning, everybody. Joining me on today's call are Glen Weinstein; and Executive Vice President and CFO, Julie Zeiler.

Before I set the agenda for today's call, I would like to remind everyone that today's discussion will include forward-looking statements regarding future events and our future financial performance. These statements reflect our views as of today only and should not be considered as representing our views as of any subsequent date. These statements are subject to risks and uncertainties that could cause actual results to differ materially from expectations reflected in the forward-looking statements. A discussion of these risk factors is fully detailed under the deduction with factors now filings with the SEC.

Related to our financial disclosure 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 loss and non-GAAP net loss per share. We believe that our non-GAAP financial results help provide additional transparency into iRobot's underlying operating performance and potential. Our definition of these non-GAAP financial measures, and reconciliations of each of these financial measures to the most directly comparable GAAP measures are provided in the earnings press release issued last evening, which is available on our website at www.irobot.com.

Also, unless stated otherwise, our first quarter 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 2023.

For today's call, our agenda will be as follows. Glen will briefly cover the company's quarterly results review important strategic milestones and outline our expectations for 2024. Julie will review our financial results in detail, offer additional insight into our Q2 and 2024 outlook. Glen will conclude our commentary with some closing remarks about prospects over the longer term. After that, we'll open the call for questions.