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]

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 ...

Core Viewpoint - iRobot Corporation is under investigation for potential securities fraud and unlawful business practices following a significant financial loss reported in its fourth quarter and full year 2024 results [1][2]. Financial Performance - For Q4 2024, iRobot reported a loss of $2.06 per share on revenue of $172 million, marking a 44% year-over-year decline [2]. - The company expressed substantial doubt about its ability to continue as a going concern for at least 12 months due to uncertainties surrounding new product launches and market conditions [2]. Stock Market Reaction - Following the financial report, iRobot's stock price dropped by $3.255 per share, or 51.58%, closing at $3.055 per share on March 13, 2025 [2]. Legal Context - Pomerantz LLP is investigating claims on behalf of iRobot investors, indicating potential legal ramifications for the company and its officers [1].

Core Insights - iRobot Corporation (IRBT) reported a fourth-quarter 2024 adjusted loss of $2.06 per share, which was wider than the Zacks Consensus Estimate of a loss of $1.45 per share, but improved from a net loss of $1.82 per share in the same quarter last year [1] Revenue Details - iRobot generated revenues of $172 million, missing the Zacks Consensus Estimate of $191 million, and reflecting a year-over-year decline of 44.1% due to decreased sales of two-in-one products [2] - Sales from premium and mid-tier robots accounted for 83% of total robot revenues, up from 82% in the year-ago quarter [2] - Total product units shipped were 701 thousand, down 38.5% year over year, while average selling prices decreased by 1.4% [2] Product Performance - Revenues from solo and other products were $72 million, down 61.1% year over year, with units shipped at 279 thousand, a decrease of 60.9% [3] - Revenues from two-in-one products decreased 18.7% year over year to $100 million, with units shipped slightly down from 425 thousand to 422 thousand [3] Regional Performance - iRobot sourced 43.2% of revenues from domestic operations, with domestic revenues totaling $74.3 million, reflecting a 46.9% year-over-year decrease [4] - International revenues decreased 41.7% year over year to $97.7 million [4] Margin Profile - Cost of revenues decreased 37.5% year over year to $155.6 million, while gross profit was $16.4 million, down 71.8% year over year, leading to a gross margin decrease of 940 basis points to 9.5% [5] - Research and development expenses were $16.5 million, down 39% year over year, and selling and marketing expenses declined 33.2% to $39.9 million [5] Operating Loss - iRobot recorded an operating loss of $61 million compared to a loss of $52.2 million in the year-ago quarter, with an adjusted operating margin of (26%) compared to (14.7%) in the previous year [6] Balance Sheet and Cash Flow - At the end of the fourth quarter 2024, iRobot had cash and cash equivalents of $134.3 million, down from $185.1 million at the end of 2023 [7] - Total long-term liabilities decreased to $236.6 million from $250.1 million at the end of 2023 [7] - The company used net cash of $33.2 million from operating activities in 2024, compared to $114.8 million in the prior-year period [7]

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 ...