Following this announcement, iRobot's stock price fell $3.26 per share, or 51.58%, over the next two trading sessions, closing at $3.06 on March 13, 2025. Investors can contact the law firm at no cost to learn more about recovering their losses LOS ANGELES, March 31, 2025 (GLOBE NEWSWIRE) -- The Portnoy Law Firm advises iRobot Corporation ("iRobot" or "the Company") (NASDAQ: IRBT) investors that the firm has initiated an investigation into possible securities fraud and may file a class action on behalf of i ...

NEW YORK, March 17, 2025 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of iRobot Corporation ("iRobot" or the "Company") (NASDAQ: IRBT). Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, ext. 7980.The investigation concerns whether iRobot and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.[Click here for information about joining the class action]On March 12, 2025, iRobot ...

iRobot Corporation (IRBT) reported fourth-quarter 2024 adjusted loss of $2.06 per share, wider than the Zacks Consensus Estimate of a loss of $1.45 per share. The reported figure compares favorably with the year-ago quarter’s net loss of $1.82 per share.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.IRBT’s Revenue DetailsiRobot generated revenues of $172 million, which missed the Zacks Consensus Estimate of $191 million. On a year-over-year basis, revenues declined 44.1% due to dec ...

iRobot (IRBT -35.66%) stock has fallen 35% after the company issued a "going concern" warning, raising doubts about its ability to stay in business over the next year.What happened?The company behind the popular Roomba vacuums revealed severe financial instability, highlighting declining revenue and mounting losses. iRobot has now withdrawn its 2025 financial guidance and canceled its scheduled earnings call, a move that often signals worsening conditions.The company's net loss widened to $77.1 million in i ...

Roomba vacuum cleaner maker iRobot, a former $1.4 billion buyout target of Amazon, raised concerns on Wednesday about its ability to stay in business.Shares of the company fell more than 35%, extending a multi-year decline from its pandemic-era peak.“Given macroeconomic and tariff-related uncertainties, there is substantial doubt about iRobot’s ability to continue as a going concern,” iRobot said in a statement.Roomba maker iRobot was a former $1.4 billion buyout target of Amazon. The deal was scrapped due ...

Core Insights - iRobot's shares dropped over 30% after the company expressed "substantial doubt" about its ability to continue operations due to financial struggles following the abandonment of a $1.7 billion acquisition by Amazon [1][3] Financial Performance - iRobot's fourth-quarter revenue fell 44% year-over-year to $172 million, missing estimates of $180.8 million, with a net loss of $77.1 million or $2.52 per share [4] - Excluding a one-time manufacturing transition charge, the loss was $2.06 per share, which exceeded the projected loss of $1.73 per share by analysts [4] Restructuring Efforts - The company has laid off 51% of its workforce since the end of 2023 and is attempting to revitalize revenue by launching eight new Roomba models [2] - iRobot has initiated a strategic review of its business, considering options such as refinancing debt and exploring a potential sale [6] Market Challenges - iRobot faces challenges including limited consumer demand, tariff uncertainties, and increased competition from rapidly growing robotic vacuum companies based in China [3][8] - The failed acquisition by Amazon was partly due to regulatory scrutiny from both the European Union and the U.S. Federal Trade Commission [7][9]

iRobot Corporation (IRBT) recently introduced advanced Roomba vacuums and two-in-one vacuum and mop solutions. This marks the company’s most advanced collection of Roomba vacuums in its 35-year history.These advanced models are equipped with innovative features like upgraded suction power, advanced ClearView Lidar Navigation for faster mapping and PrecisionVision AI Technology for precise cleaning. They also come with capabilities including automatic carpet detection, object sensing and avoidance and improv ...

Consumer robot company iRobot, maker of the Roomba robot vacuum, said in a Wednesday (March 12) earnings release that there is “substantial doubt” about its ability to continue as a going concern.The company’s board of directors has initiated a formal strategic review in which they will consider a potential sale or strategic transaction, refinancing the company’s debt and other alternatives, iRobot said in the release.In another press release issued Wednesday, iRobot said it added to its board of directors ...

About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, ...

Financial Performance and Projections - iRobot expects Q4 2024 revenue of approximately $171 million, with a GAAP operating loss of ($59) million and a non-GAAP operating loss of ($47) million[1] - The company anticipates improved margins and profitability in 2025 due to lower product costs and reduced development timelines[2] - iRobot expects to return to year-over-year top-line growth in 2025, with stronger performance in the second half driven by new product launches[2] - iRobot expects Q1 2025 results to reflect a transitional period for its product line[2] Non-Recurring Charges and Adjustments - The company recorded an incremental non-recurring charge of $8 million in Q4 2024 related to excess component inventory write-offs and non-cancelable purchase commitments[2] - Non-GAAP adjustments for Q4 2024 include $7 million in stock-based compensation and $5 million in restructuring costs, totaling $12 million in adjustments[16] Cash Position and Restructuring - iRobot ended fiscal 2024 with approximately $134 million in cash and cash equivalents, exceeding internal forecasts[1] - iRobot exceeded its 2024 operating expense restructuring targets while investing in growth areas[2] Product Development and Launches - The company plans to introduce new and revitalized products in 2025, with product launches scheduled to excite consumers and improve the consumer experience[2] Upcoming Events - The company will present at the ICR Conference 2025 and the 27th Annual Needham Growth Conference in January 2025[3]