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iRobot Corporation - $IRBT STOCK NEWS

Welcome to our dedicated page for iRobot Corporation news (Ticker: $IRBT), a resource for investors and traders seeking the latest updates and insights on iRobot Corporation stock.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect iRobot Corporation's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of iRobot Corporation's position in the market.

News
iRobot Names Gary Cohen as New Chief Executive Officer
Rhea-AI Summary

iRobot Corp. (NASDAQ: IRBT) announced Gary Cohen as the new CEO, bringing over 25 years of executive leadership, turnaround experience, and global consumer product knowledge. Cohen will focus on reorienting the company towards profitability post-restructuring, overseeing innovation, product strategies, operational excellence, and talent management. His track record in brand-building, global distribution, and operational efficiencies makes him a strong fit to lead iRobot's profitable growth journey.

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End-of-Day
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iRobot Reports First-Quarter 2024 Financial Results
Rhea-AI Summary

iRobot Corp. reported $150.0 million in revenue for Q1 2024 with a positive cash flow of $1.4 million from a transaction termination fee. The company named Gary Cohen as the new CEO and launched new robots. They reduced their workforce by 30% and took a $14 million charge for the restructuring plan. Revenue declined in EMEA, Japan, and the U.S. The company introduced the Roomba Combo Essential and Roomba Vac Essential robots. They provided guidance for Q2 and the full year 2024.

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End-of-Day
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iRobot Schedules First-Quarter 2024 Conference Call for May 8
Rhea-AI Summary
iRobot Corp. (NASDAQ: IRBT) has scheduled its first-quarter 2024 conference call for May 8, 2024, to review financial results and outlook. The earnings press release will be issued on May 7, 2024, after market close. The live webcast and call details are available on the company's website.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
13.15%
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iRobot Introduces $275 Roomba Combo® Essential Robot, Letting More Customers Enjoy Simple, Affordable and Powerful 2-in-1 Cleaning
Rhea-AI Summary
iRobot introduces the Roomba Combo Essential, a 2-in-1 robot vacuum and mop with advanced features. The company celebrates selling over 50 million robots worldwide.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
6.75%
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iRobot Provides First Quarter 2024 Financial Expectations and Reiterates 2024 Financial Outlook
Rhea-AI Summary
iRobot Corp. announces its financial expectations for Q1 2024 and reiterates outlook for FY 2024. Revenue for Q1 expected at $137-$142 million with net loss per share of ($0.22)-($0.09). FY 2024 revenue projected at $825-$865 million with net loss per share of ($3.13)-($2.70).
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-7.85%
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earnings
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iRobot Reports Fourth-Quarter and Full-Year 2023 Financial Results
Rhea-AI Summary
iRobot Corp. announced its financial results for Q4 2023 and FY 2023, reporting a revenue decline and net losses. The company shared an operational restructuring plan to improve its cost structure and focus on core value drivers. iRobot provided guidance for FY 2024, expecting revenue between $825-$865 million with a net loss per share of ($3.13)-($2.70) on a GAAP basis. The plan includes workforce reductions, margin improvements, and marketing efficiency.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.89%
Tags
earnings
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iRobot Schedules Fourth-Quarter 2023 Results Call
Rhea-AI Summary
iRobot Corp. (IRBT) will release its fourth-quarter 2023 financial results on February 26, 2024, followed by a conference call on February 27 to discuss the results and outlook. The live webcast and call details are available on the company's investor relations website.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.04%
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earnings
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iRobot Announces Operational Restructuring Plan to Position Company for the Future
Rhea-AI Summary
iRobot Corporation announces leadership transition and preliminary fourth-quarter results. The company is implementing an operational restructuring plan to focus on profitability and extend its market share in the mid-tier and premium segments. The plan includes achieving margin improvements, reducing R&D expenses, centralizing marketing activities, and focusing on core product drivers. The company anticipates a reduction of approximately 350 employees and expects to record restructuring charges totaling between $12 million and $13 million. The company also provided preliminary fourth-quarter results, reporting a 25% reduction in revenue compared to the same period last year, a GAAP operating loss of between $265 and $285 million, and a non-GAAP operating loss of approximately $200 million.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-8.77%
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Amazon and iRobot Agree to Terminate Pending Acquisition
Rhea-AI Summary
Amazon's proposed acquisition of iRobot has been terminated due to lack of regulatory approval in the European Union, resulting in a loss for consumers, competition, and innovation. The acquisition agreement, originally signed on August 4, 2022, would have allowed Amazon to invest in iRobot's innovation and support price reductions on iRobot products. However, the termination of the agreement has prevented both companies from moving forward together.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.34%
Tags
acquisition
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Amazon and iRobot agree to terminate pending acquisition
Rhea-AI Summary
Amazon and iRobot have mutually agreed to terminate their acquisition agreement due to the lack of regulatory approval in the European Union. The deal, originally signed on August 4, 2022, would have allowed Amazon to acquire iRobot for cash consideration, enabling Amazon to invest in iRobot's innovation and lower prices on their products. This termination is a loss for consumers, competition, and innovation.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.34%
Tags
acquisition
Stock IRBT logo
iRobot Corporation

Nasdaq:IRBT

IRBT Rankings

#3577 Ranked by Market Cap
#4359 Ranked by Stock Gains
N/A Ranked by Dividends

IRBT Stock Data

259.39M
26.58M
2.07%
79.58%
29.45%
Small Electrical Appliance Manufacturing
Manufacturing
Link
United States of America
BEDFORD

About IRBT

founded in 1990 by massachusetts institute of technology roboticists, irobot designs and builds some of the world’s most important robots. irobot’s home robots are revolutionizing the way people clean – inside and out. more than 10 million home robots have been sold worldwide, with the award-winning irobot roomba® floor vacuuming robot leading the charge. more than 5,000 of the company’s defense & security robots have been delivered to researchers, military and civil defense forces worldwide, performing thousands of dangerous search, reconnaissance and bomb-disposal missions while protecting those in harm’s way. leveraging its state-of-the-art ava® mobile robotics platform, irobot is bringing its solutions to new markets. the irobot ava® 500 delivers a new level of collaboration for office environments and other facilities, and rp-vita allows doctors to communicate with patients from virtually anywhere in the world. with two decades of leadership in the robot industry, irobot remains c