If you’re paying attention, there’s a robotics stocks revolution quietly underway. While headlines holler about imminent worker replacement by hordes of AI-enabled robots, the truth is much more optimistic. As our collective quality of life and the dollar value of our labor increase, many otherwise admirable and desirable endeavors become too pricy – think scaled architecture of ages past or bespoke metalworks for your front garden. Meanwhile, a handful of robotics innovators are toiling behind the scenes t ...

Over a year after Amazon (NASDAQ: AMZN) announced its intention to acquire iRobot (IRBT 6.96%), the deal fell through following a mutual agreement to terminate the deal. Now, the company best known for its Roomba line of robot vacuum cleaners is trading near an all-time low, and will need to stand on its own wheels.Let's examine why Amazon's acquisition of iRobot fell through, how iRobot is pivoting, and whether it's worth investing in the consumer robot company.Why did the acquisition fall through?In late ...

iRobot (IRBT -4.60%) is back to bumping along a path all by itself. The proposed Amazon acquisition failed its regulatory review, so investors again find themselves evaluating the robotic device specialist's prospects for finding its own growth opportunities.Those prospects don't seem great. In late February, iRobot reported significant 2023 losses and projected another difficult year ahead for sales and earnings. But with the stock currently at an all-time low valuation, is it time to consider starting a p ...

A short squeeze is a financial phenomenon where rapidly increasing prices force short sellers to buy back stocks, pushing prices even higher. This situation often arises from a large number of investors betting against a stock, anticipating its decline.However, when the price unexpectedly jumps, short sellers rush to cover their positions to minimize losses, inadvertently driving the price up further. This cycle can intensify as more short sellers buy to close their positions, adding to the upward momentum ...

iRobot Corporation (IRBT) is benefiting from solid product offerings and customer base. Innovation capabilities, expansionary vision, operational initiatives and manufacturing in China and Malaysia should drive the company’s growth. Also, iRobot continues to invest in higher-value robotics, computer vision, machine learning and complex mechanical design to improve the core functionality of the robots, which is expected to be beneficial in the quarters ahead.The company’s diversified product portfolio has be ...

iRobot (IRBT -6.08%) stock isn't having a great 2024. Since Amazon.com (AMZN 2.00%) confirmed in January that it will walk away from its deal to buy the Roomba maker, iRobot stock has fallen 40%.It didn't help that the company released its first financial report post-breakup on Feb. 26 showing sales down 14% and a $2.28 per-share loss in Q4. And now, things are getting worse. iRobot just gave investors guidance for Q1 2024, and its stock is down another 4.2% through 11 a.m. ET. iRobot Q1 2024 earnings guida ...

BEDFORD, Mass., March 11, 2024 /PRNewswire/ -- iRobot Corp. (NASDAQ: IRBT), a leader in consumer robots, today announced its GAAP and non-GAAP financial expectations for the first quarter ending March 30, 2024, and reiterated its previously announced financial outlook for the fiscal year ending December 28, 2024 ahead of meetings with institutional investors.   First Quarter 2024 OutlookiRobot is providing GAAP and non-GAAP financial expectations for the first quarter ending March 30, 2024. A detailed recon ...

iRobot Corporation (NASDAQ:IRBT) Q4 2023 Earnings Conference Call February 27, 2024 8:30 AM ET Company Participants Karian Wong - Chief Accounting Officer Glen Weinstein - Interim Chief Executive Officer Julie Zeiler - Executive Vice President & Chief Financial Officer Conference Call Participants Jim Ricchiuti - Needham & Company Asiya Merchant - Citi Operator Welcome to the iRobot Fourth Quarter and Full Year 2023 Earnings Conference Call. At this time, all participants have been placed on a listen-only m ...

Shares of iRobot Corp. initially jumped 10% then cooled in after-hours trading Wednesday after the company posted quarterly results that topped analysts’ revenue and earnings estimates. IRobot IRBT, +4.30% reported a fiscal fourth-quarter net loss of $63.6 million, or $2.28 a share, compared with a net loss of $84.1 million, or $3.07 a share, in the same quarter a year ago. Adjusted earnings were a loss of $1.82 a share. Revenue dropped to $307.5 million from $357.9 million in the year-ago quarter. An ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-K (Mark One) ☑ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission file no. 001-36414 iROBOT CORPORATION (Exact name of registrant as specified in its charter) Delaware 77-0259335 (State or other jurisdiction of incorporation or org ...