Core Viewpoint - Rosen Law Firm is reminding investors who purchased iRobot Corporation securities between January 29, 2024, and March 11, 2025, of the September 5, 2025, deadline to serve as lead plaintiff in a class action lawsuit [1]. Group 1: Class Action Details - Investors who bought iRobot securities during the specified Class Period may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [1]. - A class action lawsuit has already been filed, and interested parties must move the Court by September 5, 2025, to serve as lead plaintiff [2]. - The lawsuit alleges that iRobot made false and misleading statements regarding its Restructuring Plan and its ability to operate profitably as a standalone company after the termination of the Amazon Acquisition [4]. Group 2: Rosen Law Firm's Credentials - Rosen Law Firm emphasizes the importance of selecting qualified counsel with a successful track record in securities class actions, highlighting its own achievements in this area [3]. - The firm has secured significant settlements for investors, including over $438 million in 2019 alone, and has been consistently ranked among the top firms for securities class action settlements [3].

NEW YORK, Aug. 22, 2025 /PRNewswire/ --Why: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of iRobot Corporation (NASDAQ: IRBT) between January 29, 2024 and March 11, 2025, both dates inclusive (the "Class Period"), of the important September 5, 2025 lead plaintiff deadline.So What: If you purchased iRobot securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.What to ...

Core Viewpoint - Rosen Law Firm is reminding investors who purchased iRobot Corporation securities between January 29, 2024, and March 11, 2025, of the September 5, 2025, deadline to serve as lead plaintiff in a class action lawsuit [1]. Group 1: Class Action Details - A class action lawsuit has been filed against iRobot, and investors may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [1][2]. - Investors wishing to serve as lead plaintiff must file with the Court by September 5, 2025, and a lead plaintiff acts on behalf of other class members [2]. Group 2: Law Firm Credentials - Rosen Law Firm has a strong track record in securities class actions, having achieved the largest settlement against a Chinese company at the time and being ranked No. 1 for securities class action settlements in 2017 [3]. - The firm has recovered hundreds of millions of dollars for investors, securing over $438 million in 2019 alone [3]. Group 3: Case Allegations - The lawsuit alleges that iRobot made false and misleading statements regarding its Restructuring Plan and its ability to operate profitably as a standalone company after the termination of the Amazon Acquisition [4]. - It is claimed that there was substantial doubt about iRobot's ability to continue as a going concern, and the public statements made by defendants were materially false and misleading [4].

Core Viewpoint - The complaint against iRobot alleges violations of federal securities laws, including misleading statements regarding the company's financial stability and ability to operate independently after the termination of the Amazon acquisition [2]. Financial Performance - iRobot reported a loss of $2.06 per share for Q4 2024, with revenue of $172 million, marking a 44% year-over-year decline [3]. - The company expressed significant uncertainty about the success of new product launches and its ability to continue as a going concern for at least 12 months from the issuance of its 2024 financial statements [3]. Stock Market Reaction - Following the financial results announcement, iRobot's stock price dropped by $3.255 per share, or 51.58%, closing at $3.055 per share on March 13, 2025 [3]. Legal Proceedings - A lead plaintiff has been appointed to oversee the litigation on behalf of the class of investors affected by the alleged misconduct [4]. - The law firm Faruqi & Faruqi encourages individuals with information regarding iRobot's conduct to come forward, including whistleblowers and former employees [5].

Core Insights - iRobot Corp. has launched the Roomba Max 705 Combo, its most powerful and intelligent 2-in-1 robot, featuring 175 times more suction power and advanced AI technology for efficient cleaning [1][4] - The product includes a unique roller mop cover that prevents wet messes on carpets, enhancing its cleaning capabilities [1][3] - The Roomba Max 705 Combo is designed for busy households, offering a hands-free cleaning experience with features like self-emptying and auto-refilling [4][5] Product Features - The Roomba Max 705 Combo is equipped with the new PowerSpin Roller Mop and PerfectEdge technology, allowing it to clean deep into corners while continuously washing the mop during use [3] - It utilizes ClearView Pro LiDAR and PrecisionVision AI technology for 3D mapping of homes, enabling it to navigate around obstacles like toys and pet waste [3] - The AutoWash Dock provides up to 75 days of self-emptying and includes features for heated mop washing and drying [4] Pricing and Availability - The Roomba Max 705 Combo is available for pre-sale in Europe at a price of €1099, with plans for availability in North America and Japan later in the year [6]

Core Viewpoint - Faruqi & Faruqi, LLP is investigating potential claims against iRobot Corporation due to alleged violations of federal securities laws, with a deadline for investors to seek lead plaintiff status in a class action lawsuit by September 5, 2025 [3][5]. Group 1: Allegations Against iRobot - The complaint alleges that iRobot and its executives made false and misleading statements regarding the effectiveness of their Restructuring Plan following the termination of the Amazon Acquisition [5]. - It is claimed that iRobot overstated its ability to operate profitably as a standalone company, raising substantial doubt about its ability to continue as a going concern [5]. - The company's public statements were deemed materially false and misleading at all relevant times [5]. Group 2: Financial Performance - iRobot reported a loss of $2.06 per share on revenue of $172 million for Q4 and full year 2024, marking a 44% year-over-year decline [6]. - The company expressed uncertainty regarding the success of new product launches due to various factors, including consumer demand and macroeconomic conditions, indicating substantial doubt about its financial viability for at least 12 months [6]. Group 3: Market Reaction - Following the release of the financial results, iRobot's stock price fell by $3.255 per share, or 51.58%, closing at $3.055 per share on March 13, 2025 [7].

Bragar Eagel & Squire, P.C. Litigation Partner Brandon Walker Encourages Investors Who Suffered Losses IRobot (IRBT) To Contact Him Directly To Discuss Their Options If you purchased or acquired securities in any of the above companies between January 29, 2024 and March 11, 2025 and would like to discuss your legal rights, call Bragar Eagel & Squire partner Brandon Walker or Marion Passmore directly at (212) 355-4648 NEW YORK, July 16, 2025 (GLOBE NEWSWIRE) -- Bragar Eagel & Squire, P.C., a nationally recog ...

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 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]

Core Viewpoint - iRobot faces "substantial doubt" about its ability to continue as a going concern, prompting a formal strategic review by its board of directors to explore potential sales, refinancing, and other alternatives [1][5]. Company Developments - iRobot appointed Neal P. Goldman as an independent director, who has a strong background in operational and financial transformations [2][3]. - The company announced its largest product launch in history on March 11, 2024, indicating efforts to revitalize its market presence [4]. Operational Restructuring - Since implementing its operational restructuring plan in January 2024, iRobot has reduced its workforce by over 50%, cut sales and marketing expenses, decreased inventory and cash outflows, and significantly lowered product costs [5]. - The restructuring was initiated after a failed acquisition by Amazon, which was valued at $1.7 billion but was canceled due to regulatory challenges in the EU [6]. Market Challenges - iRobot attributes the uncertainty regarding its future to factors such as consumer demand, competition, macroeconomic conditions, and tariff policies [5].