Correspondence 0001159167-23-000071 from IROBOT CORP (IRBT) (CIK 0001159167)
IROBOT CORP (IRBT) (CIK 0001159167)
Date: Dec. 22, 2023 · CIK: 0001159167 · Accession: 0001159167-23-000071
AI Filing Summary & Sentiment
File numbers found in text: 001-36414
Referenced dates: December 20, 2023, September 8, 2023
Letter
Document
December 22, 2023
VIA EDGAR
U.S. Securities and Exchange Commission
Division of Corporation Finance
Office of Manufacturing
100 F Street, NE
Washington, DC 20549
Attention: Ernest Greene, Staff Accountant
Anne McConnell, Staff Accountant
Re: iRobot Corporation
Form 10-K for the fiscal year ended December 31, 2022
Filed February 14, 2023
Response Letter Dated September 8, 2023
File No. 001-36414
Ladies and Gentlemen:
iRobot Corporation (the “Company,” “we,” “us” and “our”) respectfully submits this response to the comment set forth in the comment letter of the staff of the Division of Corporation Finance (the “Staff”) of the Securities and Exchange Commission (the “Commission”) dated December 20, 2023. For your convenience, we have repeated your comment below in bold italic type before our response.
Form 10-K for the fiscal year ended December 31, 2022
Management's Discussion and Analysis of Financial Condition and Results of Operations
Key Financial Metrics and Non-GAAP Financial Measures, page 32
1.We reviewed your response to prior comment 1. We continue to believe IP litigation expenses are normal, recurring, cash operating expenses. Please revise future filing to not exclude IP litigation expenses from Non-GAAP financial measures in any current, future or prior period presented. Please refer to Questions 100.01 and 100.02 of the Division of Corporation Finance’s Compliance & Disclosure Interpretations on Non-GAAP Financial Measures.
The Company acknowledges the Staff’s comment and advises the Staff that the Company will not exclude IP litigation expenses from its Non-GAAP financial measures in any periods presented (current, future or prior) in its future filings with the Commission.
* * * *
iRobot.com iRobot Corporation | 8 Crosby Drive, Bedford MA 01730 | 781.430.3000
If you have any questions with regard to the Company’s response or would like to discuss any of the matters covered in this letter, please contact the undersigned at (781) 430-3000.
Sincerely,
/s/ Julie Zeiler
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Document
December 22, 2023
VIA EDGAR
U.S. Securities and Exchange Commission
Division of Corporation Finance
Office of Manufacturing
100 F Street, NE
Washington, DC 20549
Attention: Ernest Greene, Staff Accountant
Anne McConnell, Staff Accountant
Re: iRobot Corporation
Form 10-K for the fiscal year ended December 31, 2022
Filed February 14, 2023
Response Letter Dated September 8, 2023
File No. 001-36414
Ladies and Gentlemen:
iRobot Corporation (the “Company,” “we,” “us” and “our”) respectfully submits this response to the comment set forth in the comment letter of the staff of the Division of Corporation Finance (the “Staff”) of the Securities and Exchange Commission (the “Commission”) dated December 20, 2023. For your convenience, we have repeated your comment below in bold italic type before our response.
Form 10-K for the fiscal year ended December 31, 2022
Management's Discussion and Analysis of Financial Condition and Results of Operations
Key Financial Metrics and Non-GAAP Financial Measures, page 32
1.We reviewed your response to prior comment 1. We continue to believe IP litigation expenses are normal, recurring, cash operating expenses. Please revise future filing to not exclude IP litigation expenses from Non-GAAP financial measures in any current, future or prior period presented. Please refer to Questions 100.01 and 100.02 of the Division of Corporation Finance’s Compliance & Disclosure Interpretations on Non-GAAP Financial Measures.
The Company acknowledges the Staff’s comment and advises the Staff that the Company will not exclude IP litigation expenses from its Non-GAAP financial measures in any periods presented (current, future or prior) in its future filings with the Commission.
* * * *
iRobot.com iRobot Corporation | 8 Crosby Drive, Bedford MA 01730 | 781.430.3000
If you have any questions with regard to the Company’s response or would like to discuss any of the matters covered in this letter, please contact the undersigned at (781) 430-3000.
Sincerely,
/s/ Julie Zeiler
Julie Zeiler
Executive Vice President and Chief Financial Officer
iRobot.com iRobot Corporation | 8 Crosby Drive, Bedford MA 01730 | 781.430.3000