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iRobot Corp (NASDAQ: IRBT), the pioneer behind Roomba® robotic vacuums, maintains this dedicated news hub for investors and industry observers. Access real-time updates on product innovations, financial disclosures, and strategic initiatives from the leader in consumer robotics.
This centralized resource aggregates all official announcements including quarterly earnings reports, new product launches, and technology partnerships. Stay informed about developments in autonomous navigation systems, smart home integrations, and global market expansions that define iRobot's position in the robotics sector.
Our curated feed ensures you never miss critical updates about IRBT's advancements in cleaning technologies, defense robotics applications, or intellectual property milestones. Bookmark this page for streamlined access to verified information directly impacting the company's market performance and technological leadership.
iRobot Corp. (NASDAQ: IRBT) reported Q2 2024 financial results, highlighting progress in its 'iRobot Elevate' strategy. The company faced challenges with revenue declining to $166.4 million, down from $236.6 million in Q2 2023. GAAP gross margin decreased to 16.5% from 22.6% year-over-year. The company reported a GAAP operating loss of $61.1 million and a GAAP net loss per share of $2.41.
Key achievements include reducing inventory by 41% year-over-year and cutting headcount by 35% since the end of 2023. iRobot introduced new products, including the Roomba Combo 10 Max robot + AutoWash Dock. For Q3 2024, the company expects revenue between $217-$223 million. The full-year 2024 outlook was revised, with revenue projected at $765-$800 million.
iRobot Corp. (NASDAQ: IRBT) has unveiled its most advanced robot vacuum and mop, the Roomba Combo® 10 Max Robot + AutoWash™ Dock. This 2-in-1 device brings independent cleaning to a new level with iRobot's first multifunction AutoWash Dock and enhanced intelligence. Key features include:
- AutoWash Dock: Automatically empties debris, refills mopping solution, washes and dries the mop pad, and self-cleans
- Enhanced Dirt Detect™ Technology: Recognizes large concentrations of dirt up to 8x more frequently
- 4-Stage Cleaning System with 100% stronger Power-Lifting Suction
- Auto-Retract Mopping System for seamless transitions between surfaces
- Matter-enabled (Q4 2024) and Apple Home compatible
- Pricing starts at $1399, available for pre-sale in the U.S. and Canada
iRobot Corp. (NASDAQ: IRBT), a leading consumer robotics company, has announced its schedule for the second-quarter 2024 financial results release and conference call. The earnings press release will be issued after market close on Tuesday, August 6, 2024, and posted on the company's investor relations website.
A live conference call and webcast to discuss the results and company outlook will be held on Wednesday, August 7, 2024, at 8:30 a.m. ET. Investors can join the call using the number 1-800-343-5172 (alternate: 1-203-518-9856) with the conference ID IRBTQ224. The live webcast will be available at the company's financial information page, and an archived version will be accessible shortly after the event concludes.
iRobot (NASDAQ: IRBT) has appointed Julien Mininberg to its board of directors. Mininberg, the former CEO of Helen of Troy, has over 30 years of experience in consumer products, including roles at Procter and Gamble and Kaz. He has expertise in sales, marketing, finance, and corporate restructuring. Mininberg will replace Mohamad Ali, who is stepping down to take a new leadership role at IBM. Mininberg's appointment aims to guide iRobot toward profitability and growth.
iRobot's board now has seven directors, six of whom are independent under Nasdaq and SEC rules.
iRobot (NASDAQ: IRBT) announced the granting of equity awards to Gary S. Cohen, the newly-appointed CEO, on June 7, 2024. The awards include 290,000 time-based restricted stock units (RSUs) and 435,000 performance-based restricted stock units (PSUs). The RSUs will vest over three years, while the PSUs will vest in three tranches over four years, contingent on Cohen's continuous employment and the company's stock price milestones. These awards were given as an inducement to Cohen's employment, approved by iRobot's Board of Directors under NASDAQ Rule 5635(c)(4).
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.
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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