iRobot announced its financial results for the fourth quarter and full year ended January 1, 2022. The company revenue for the fourth quarter of 2021 declined 16% to 455.4 million dollar from 544.8 million in the fourth quarter of 2020. Full-year 2021 revenue, instead, recorded an increase of 9% with a total of 1,565.0 million dollar (1,430.4 million dollar in 2020).
Regarding the geographical areas, iRobot fourth-quarter 2021 revenue declined 29% in the U.S. and 2% in Emea, which was partially offset by 19% growth in Japan. Full-year 2021 revenue grew 22% in Emea, 15% in Japan and 1% in the U.S. Mid-tier and premium robots accounted for 81% of fourth-quarter 2021 robot sales, versus 78% from the prior year’s fourth quarter. Mid-tier and premium robots represented 83% of full-year 2021 robot sales, compared with 78% in 2020.
«Despite ongoing semiconductor chip constraints and shipping delays that impacted our ability to fulfill approximately more than 35 million in orders, we reported fourth-quarter financial results within the parameters we outlined in late October – said Colin Angle, chairman and chief executive officer of iRobot -. While multiple supply chain issues conspired to limit our 2021 financial performance, we made considerable and important strategic progress during the year. We grew our connected customer base by 44 percent, succeeded in differentiating our floor care robots through superior software intelligence, took major steps forward to transform our go-to-market approach, acquired Aeris in November to diversify our product portfolio, and advanced our supply chain continuity, resiliency and agility.»
