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, ...

Roomba® Max 705 Vac Provides 180x more suction power and 75 days of hands-free cleaningBEDFORD, Mass., April 23, 2025 /PRNewswire/ -- iRobot Corp. (NASDAQ: IRBT), a leader in consumer robots, today announced the availability of the Roomba® Max 705 Vac Robot + AutoEmpty™ Dock in North America and select European markets. Engineered to keep busy, pet-loving homes spotless, the new Roomba® Max 705 Vac offers our highest level of vacuuming and cleaning with 180x more power-lifting suction1, Dual-Rubber Brushes, ...

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 ...

NEW YORK, March 17, 2025 /PRNewswire/ -- 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 [email protected] 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, 2025, iRobot ...

iRobot Corporation (IRBT) reported fourth-quarter 2024 adjusted loss of $2.06 per share, wider than the Zacks Consensus Estimate of a loss of $1.45 per share. The reported figure compares favorably with the year-ago quarter’s net loss of $1.82 per share.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.IRBT’s Revenue DetailsiRobot generated revenues of $172 million, which missed the Zacks Consensus Estimate of $191 million. On a year-over-year basis, revenues declined 44.1% due to dec ...

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 ...