Core Viewpoint - A class action lawsuit has been filed against iRobot Corporation for allegedly making false and misleading statements regarding its financial stability and restructuring plan during the Class Period from January 29, 2024, to March 11, 2025 [1][5]. Group 1: Lawsuit Details - The lawsuit claims that iRobot overstated the effectiveness of its Restructuring Plan following the termination of the Amazon Acquisition, leading to doubts about its ability to operate profitably as a standalone company [5]. - It is alleged that the defendants' public statements were materially false and misleading, which resulted in investor damages when the true information became public [5]. Group 2: Participation Information - Investors who purchased iRobot securities during the Class Period may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [2]. - To join the class action, interested parties can visit the provided link or contact the law firm for more information [3][6]. Group 3: Law Firm Credentials - The Rosen Law Firm has a strong track record in securities class actions, having achieved significant settlements, including the largest securities class action settlement against a Chinese company at the time [4]. - The firm has consistently ranked among the top firms for securities class action settlements and has recovered hundreds of millions of dollars for investors [4].

Core Viewpoint - A class action lawsuit has been filed against iRobot Corporation for alleged violations of federal securities laws during the specified class period [1][2]. Group 1: Lawsuit Details - The lawsuit seeks to recover damages for investors who purchased iRobot securities between January 29, 2024, and March 11, 2025 [2]. - The complaint alleges that iRobot made materially false and misleading statements regarding its business operations and prospects, particularly concerning the impact of its Restructuring Plan and the termination of the Amazon Acquisition [3]. Group 2: Allegations Against iRobot - The complaint claims that iRobot overstated the effectiveness of its Restructuring Plan in maintaining stability post-Amazon Acquisition [3]. - It is alleged that iRobot is unlikely to operate profitably as a standalone company, raising doubts about its ability to continue as a going concern [3]. - The public statements made by iRobot's executives are claimed to be materially false and misleading throughout the class period [3]. Group 3: Next Steps for Investors - Investors who suffered losses in iRobot have until September 5, 2025, to request to be appointed as lead plaintiff in the case [4]. - A copy of the complaint can be reviewed on the law firm's website [4]. Group 4: Legal Representation - The law firm representing the investors operates on a contingency fee basis, meaning they will only collect fees if the case is successful [5]. - Bronstein, Gewirtz & Grossman, LLC has a history of recovering substantial amounts for investors in securities fraud cases [6].

Core Viewpoint - A class action has been filed against iRobot Corporation (NASDAQ: IRBT) on behalf of investors who acquired its securities between January 29, 2024, and March 11, 2025, due to allegations of misleading statements regarding the impact of the termination of Amazon's acquisition [1][2]. Group 1: Allegations and Company Actions - iRobot and Amazon mutually agreed to terminate the acquisition in January 2024, yet iRobot claimed confidence in its ability to operate successfully as a standalone company [2]. - Following the acquisition termination, iRobot announced a Restructuring Plan, referred to as "iRobot Elevate," aimed at stabilizing the company and focusing on profitability and growth in mid-tier and premium segments [2][3]. - On March 12, 2025, iRobot reported disappointing financial results for Q4 and full year 2024, leading to a significant stock price drop of $3.255 per share, or 51.58%, closing at $3.055 per share on March 13, 2025 [2]. Group 2: Financial Stability Concerns - The plaintiff alleges that iRobot overstated the effectiveness of the Restructuring Plan, suggesting that the company would struggle to operate profitably as a standalone entity [3]. - There are claims of substantial doubt regarding iRobot's ability to continue as a going concern due to the misleading statements made during the class period [3]. Group 3: Class Action Participation - Shareholders interested in participating in the class action against iRobot Corporation must contact the firm before September 5, 2025, to serve as lead plaintiff [4]. - Shareholders can remain absent class members if they choose not to participate in the case [4].

Core Viewpoint - A class action lawsuit has been filed against iRobot Corporation for allegedly making materially false and misleading statements regarding its business and operations during the Class Period from January 29, 2024, to March 11, 2025 [1][3]. Summary by Sections Lawsuit Details - The lawsuit is on behalf of all individuals and entities who purchased iRobot securities during the specified Class Period [1]. - Investors have until September 5, 2025, to apply to be appointed as lead plaintiff in the lawsuit [1]. Allegations Against iRobot - The complaint alleges that iRobot overstated the effectiveness of its Restructuring Plan following the termination of the Amazon Acquisition [3]. - It is claimed that iRobot is unlikely to operate profitably as a standalone company, raising substantial doubt about its ability to continue as a going concern [3]. Financial Performance - iRobot reported a loss of $2.06 per share on revenue of $172 million for Q4 2024, marking a 44% year-over-year decline [4]. - The company expressed uncertainty regarding the success of new product launches due to various factors, including consumer demand and competition, leading to doubts about its financial viability for at least 12 months [4]. Market Reactions - Following the financial announcement, an analyst downgraded iRobot's rating to "sell" due to a bleak outlook, citing significant deterioration in business prospects since the failed Amazon acquisition [5]. - iRobot's stock price fell by $3.255 per share, or 51.58%, closing at $3.055 per share on March 13, 2025 [5].

Core Points - A shareholder class action lawsuit has been filed against iRobot Corporation alleging that the company made materially false and misleading statements regarding its business and operations [1] - The lawsuit claims that iRobot overstated the effectiveness of its Restructuring Plan following the termination of the Amazon Acquisition, raising doubts about its ability to operate profitably as a standalone company [1] - There are allegations that there is substantial doubt about iRobot's ability to continue as a going concern due to these misrepresentations [1] Legal Information - Shareholders who purchased iRobot shares between January 29, 2024, and March 11, 2025, and suffered significant losses are encouraged to discuss their legal rights [2] - The deadline to request to be appointed lead plaintiff in the case is September 5, 2025 [3] - Holzer & Holzer, LLC is representing shareholders in this litigation and has a history of recovering significant amounts for investors affected by corporate misconduct [3]

Core Insights - iRobot Corp. is launching a new multi-platform marketing campaign featuring the tagline "Roomba. Made for This," starting June 16, 2025, across various premium streaming services [1][2]. Group 1: Marketing Campaign - The campaign is described as an acknowledgment of iRobot's legacy in innovative floor cleaning technology, emphasizing the effectiveness and fun of the Roomba [2]. - The creative for the campaign was developed by The Boathouse, showcasing the Roomba's performance in extreme cleaning conditions, including scenarios with children, a slime volcano, a dog, and a ketchup bottle [2][3]. Group 2: Product Innovations - Earlier in 2025, iRobot introduced a new range of technologically advanced Roomba vacuums and 2-in-1 vacuum and mop systems, featuring innovations such as debris-compacting systems and retractable dual-spinning mop pads [3]. - Additional new products are expected to be launched later in the year, indicating ongoing innovation in the product line [3]. Group 3: Company Overview - iRobot is a global leader in consumer robotics, having sold over 50 million robots since the introduction of the first Roomba in 2002 [4]. - The company focuses on creating robots and smart home devices that enhance home maintenance and promote healthier living environments [4].

Contacts: Investor Relations Michèle Szynal iRobot Corp. Corporate Communications (781) 430-3003 iRobot Corp. investorrelations@irobot.com (508) 751-2689 mszynal@irobot.com iRobot Reports First Quarter 2025 Financial Results Global New Product Rollout Continues with High-Impact Launch Events Company Continues to Execute "iRobot Elevate" Turnaround Strategy BEDFORD, Mass. -- iRobot Corp. (NASDAQ: IRBT), a leader in consumer robots, today announced its financial results for the first quarter ended March 29, 2 ...

NEW YORK, April 29, 2025 (GLOBE NEWSWIRE) -- 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 newaction@pomlaw.com 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, 20 ...

NEW YORK, April 25, 2025 (GLOBE NEWSWIRE) -- 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 newaction@pomlaw.com 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, ...

Core Insights - iRobot Corp. has launched the Roomba® Max 705 Vac Robot + AutoEmpty™ Dock, featuring 180 times more suction power and designed for hands-free cleaning, targeting busy households and pet owners [1][2][3] Product Features - The Roomba® Max 705 Vac includes advanced features such as Dual-Rubber Brushes, an Edge-Sweeping Brush, and Carpet Boost technology, which automatically adjusts suction power based on the surface [2][3] - It utilizes PrecisionVision™ AI and ClearView™ Pro LiDAR technology for efficient room mapping and navigation [2] - The AutoEmpty™ Dock allows for up to 75 days of hands-free cleaning by automatically emptying dust and debris [3] Pricing and Availability - The Roomba® Max 705 Vac is priced at $899.99 in North America and €699 in select European markets, available for purchase starting May 11, 2025 [4] Company Background - iRobot is a global leader in consumer robotics, having sold over 50 million robots since the introduction of the first Roomba® in 2002, focusing on innovative cleaning, mapping, and navigation technologies [5]