Shares of iRobot Corp. IRBT, +4.07% tanked more than 11% in the extended session Wednesday after the maker of the Roomba robotic vacuum cleaner and other products reported a wider-than-expected fourth-quarter loss and sales fell short of estimates, saying that chip shortages, shipping delays and other supply-chain problems crimped its business. IRobot said it lost $31.5 million, or $1.17 a share, in the quarter, contrasting with a net income of $13 million, or 46 cents a share, in the year-ago quarter. Adjusted for one-time items, iRobot lost $1.05 a share. Sales fell 16% to $455.4 million, iRobot said. Analysts polled by FactSet expected the company to report a loss of 91 cents a share on sales of $470 million. “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,” Chief Executive Colin Angle said in a statement. “While multiple supply chain issues conspired to limit our 2021 financial performance, we made considerable and important strategic progress during the year.” IRobot stock ended the regular trading day up 4.1%.
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