Irobot Stock Price, News & Analysis

iRobot (NASDAQ: IRBT) has unveiled its most advanced 2-in-1 cleaning system, the Roomba® Max 705 Combo Robot + AutoWash™ Dock. The new flagship model features 175x more suction power compared to Roomba® 600 series and introduces innovative features including heated mopping, AI-driven obstacle avoidance, and a first-of-its-kind protective mop cover for carpets.

Key innovations include the PowerSpin™ Roller Mop with PerfectEdge®, ClearView™ Pro LiDAR, and PrecisionVision™ AI technology for intelligent navigation. The AutoWash Dock provides up to 75 days of autonomous operation with self-emptying, heated mop washing, and auto-refilling capabilities.

The device will first launch in Europe at €1099, with subsequent releases planned for North America and Japan later in the year.

iRobot (NASDAQ: IRBT) has launched its first multi-platform marketing campaign since 2023, featuring the tagline 'Roomba. Made for This.' The campaign will air from June 16 on major streaming platforms including Hulu, Amazon Prime Video, Peacock, and Paramount+. Created by The Boathouse agency, the creative content showcases Roomba's cleaning capabilities through extreme testing scenarios involving kids, slime, dogs, and ketchup. The campaign follows iRobot's earlier 2025 launch of advanced Roomba vacuums and 2-in-1 vacuum-mop combinations featuring debris-compacting systems and retractable dual-spinning mop pads, with more product launches planned for later in the year.

iRobot (NASDAQ: IRBT) reported its Q1 2025 financial results, showing significant revenue declines across all regions. Revenue fell to $101.6 million from $150.0 million in Q1 2024, with GAAP net loss of $87.3 million ($2.84 per share). The company reported decreased sales in the U.S. (-39.9%), EMEA (-26.9%), and Japan (-20.8%). Despite challenges, iRobot launched its largest new product rollout, including innovative Roomba® vacuums and 2-in-1 models, generating substantial media coverage reaching over 2.5 billion potential viewers. The company has reduced operating expenses through R&D and supply chain transformation, with most U.S. imports now coming from Vietnam subject to 10% tariffs. The Board continues its strategic review, including exploring potential sale options, while working with its primary lender to extend covenant waivers to June 6, 2025. Cash and cash equivalents stood at $112.3 million, with inventory reduced to $69.0 million.

iRobot (NASDAQ: IRBT) has launched its new Roomba® Max 705 Vac Robot + AutoEmpty™ Dock in North America and select European markets. The advanced robot vacuum features 180x more power-lifting suction compared to Roomba® 600 series and offers up to 75 days of hands-free cleaning.

Key features include Dual-Rubber Brushes, PrecisionVision™ AI, ClearView™ Pro LiDAR technology, and an AutoEmpty™ Dock. The device is compatible with voice assistants and will be Matter-certified for Apple Home™ app later this year.

The product is priced at $899.99 in North America and €699 in Europe, available on iRobot.com and select retailers starting May 11, 2025.

iRobot (NASDAQ: IRBT) has announced an inducement grant of equity awards to its newly appointed Senior Vice President and General Counsel, Kevin Lanouette. The award, effective March 21, 2025, consists of 120,000 time-based restricted stock units (RSUs) that will vest over a three-year period, contingent on Lanouette's continuous employment.

The inducement award was granted outside iRobot's standard equity incentive plan and was approved by the company's Board of Directors in compliance with Nasdaq Listing Rule 5635(c)(4). The grant serves as a material inducement to Lanouette's employment, which commenced on January 17, 2025.

iRobot (NASDAQ: IRBT) has appointed Neal P. Goldman as an independent director to its Board of Directors, expanding the board to nine members, with eight being independent directors. Goldman, currently CEO and Managing Member of SAGE Capital Investments and Chairman at Talos Energy, brings extensive experience in strategic planning, financial management, and corporate turnaround consulting.

Goldman's background includes leadership roles at notable firms, including serving as Managing Director at Och Ziff Capital Management and Founding Partner at Brigade Capital Management, where he helped grow assets under management to over $12 billion. The appointment comes at a important time as iRobot executes its Elevate strategy to reclaim its position as a global innovation leader in consumer robots.

iRobot (NASDAQ: IRBT) has reported its Q4 and full-year 2024 financial results, highlighting progress on its 'iRobot Elevate' turnaround strategy. The company has implemented significant operational restructuring, reducing headcount by over 50% to 541 employees and decreasing inventory from $152.5M to $76.0M year-over-year.

Q4 2024 saw revenue declines across major markets: 47% in the U.S., 34% in Japan, and 44% in EMEA. The company's cash position stood at $134.3M as of December 28, 2024. iRobot announced its largest product launch in history, introducing new Roomba series models available from March 18, 2025.

Notably, the Board of Directors has initiated a strategic review to evaluate alternatives, including potential refinancing or sale. The company's 10-K filing will indicate substantial doubt about its ability to continue as a going concern for the next 12 months.

iRobot (NASDAQ: IRBT) has announced its largest product launch ever with a new suite of Roomba® floor cleaning robots. The launch, set for March 18, 2025, introduces multiple series including the Roomba® 105 Vac Robot with 70x more suction power, Roomba® 205 DustCompactor™ series, and premium Plus 405 and 505 Combo Robots with AutoWash™ Docks.

Key innovations include ClearView™ Lidar Navigation, PrecisionVision™ AI Technology, automatic carpet detection, and the DustCompactor™ system that stores debris for months. The Plus 505 model features PerfectEdge® Technology for corner cleaning and a self-maintaining dock system.

The products will be available in North America and select European markets, accompanied by a new marketing campaign 'Roomba. Made for This' across TV, digital, and social media platforms. Retail distribution begins March 23, 2025.

iRobot Corp. (NASDAQ: IRBT) has announced its upcoming fourth-quarter and full-year 2024 financial results conference call, scheduled for Wednesday, March 12, at 8:30 a.m. ET. The company will release its earnings report and supplemental financial information prior to the call.

Investors and interested parties can access the live conference call via telephone at 1-800-245-3047 (alternate number: 1-203-518-9765) using the conference ID IRBTQ424. Additionally, a live webcast will be available on the company's investor relations website at investor.irobot.com/financial-information/quarterly-results, with an archived version accessible shortly after the event concludes.