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iRobot Corporation Investors: Please contact the Portnoy Law Firm to recover your losses. September 5, 2025 Deadline to file Lead Plaintiff Motion.
iRobotiRobot(US:IRBT) GlobeNewswire News Roomยท2025-08-19 21:01

Core Viewpoint - A class action lawsuit has been filed against iRobot Corporation, alleging that the company misrepresented the effectiveness of its restructuring plan following a failed merger with Amazon, leading to significant investor losses [3][4]. Group 1: Lawsuit Details - The class action represents investors who purchased iRobot securities between January 29, 2024, and March 11, 2025 [1]. - Investors have until September 5, 2025, to file a lead plaintiff motion [1]. - The lawsuit claims that iRobot overstated the stability provided by its restructuring plan, raising doubts about its long-term viability [3]. Group 2: Financial Performance - On March 12, 2025, iRobot reported a Q4 and full-year 2024 loss of $2.06 per share on revenue of $172 million, marking a 44% decline from the previous year [4]. - The company's statement indicated "substantial doubt" about its ability to continue as a going concern for at least the next 12 months [4]. - Following the financial results announcement, iRobot's stock price dropped over 51% [4].