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  "documentTitle": "iRobot Corp (IRBT)",
  "authorId": "54_Spruce_Point_Capital",
  "authorName": "Spruce Point Management",
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  "sourceTypeSlug": "short_seller",
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  "presentationDate": "2014-05-20 00:00:00",
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  "notes": "Uses a dual-axis chart combining bar charts for absolute dollar values and a line chart for percentage of net income.",
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      "kind": "callout",
      "text": "Caution: Transfers Starting to Rise Again in Q1'2014",
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      "kind": "callout",
      "text": "If this were actually impaired inventory and written-down in the current period, IRBT's Net Income would have been wiped out!",
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      "text": "Chart showing Period Transfer to Inventory vs Cumulative Transfer over time",
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      "text": "Line chart showing Transfer as % of Period Net Income",
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      "text": "Inventory Transfers: $11.7m",
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      "kind": "paragraph",
      "text": "IRBT has made a total of $11.7m of inventory transfers since coming public with no explanation in its filings for investors to understand why. In our opinion, IRBT may be in a rush to cover-up prior transfers.",
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      "text": "Source: IRBT Financial Filings",
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      "kind": "title",
      "text": "Suspicious Inventory Reclassifications Highly Material to Past Earnings Statements",
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