iRobot Corporation (NASDAQ:IRBT) Q2 2024 Earnings Conference Call August 7, 2024 8:30 AM ET

Company Participants

David Calusdian - IR, Sharon Merrill Advisors
Gary Cohen - CEO
Julie Zeiler - EVP & CFO

Conference Call Participants

Mike Latimore - Northland Capital Markets

Operator

Welcome to the iRobot Second Quarter 2024 Financial Results Conference Call. At this time, all participants have been placed in a listen-only mode. A question-and-answer session will follow the company's prepared remarks. [Operator Instructions]

I would now like to turn the call over to David Calusdian of the company's Investor Relations firm, Sharon Merrill Advisors. Please go ahead.

David Calusdian

Thank you, Jamie, and good morning, everyone. Joining me on today's call are Gary Cohen, iRobot's CEO, and Julie Zeiler, Executive Vice President and CFO. At the outset, 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 caption, Risk Factors in our Filings with the SEC. 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 expenses, non-GAAP research and development, non-GAAP sales and marketing, 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 definitions of these non-GAAP financial measures and reconciliation of each of these non-GAAP financial measures to the most directly comparable GAAP measure are provided in the earnings presentation included in the Q2 2024 earnings conference call event details, which is available on our website at www.irobot.com. Also, unless stated otherwise, our second quarter financial metrics that will be discussed on today's conference call, including the financial metrics provided in our outlook, will be on a non-GAAP basis only and all historical comparisons are with the second quarter of 2023.

For today's call, our agenda is as follows. Gary will briefly cover the company's quarterly results, review important strategic milestones, and outline the company's expectations for the second half of the year. Julie will review iRobot's financial results and offer additional insights regarding the company's full year outlook. Gary will then provide closing remarks before we open the call for questions.