Irobot Stock Price, News & Analysis

iRobot Corp. (NASDAQ: IRBT) has appointed Karen Golz, former Global Vice Chair of Ernst & Young, to its board of directors, effective immediately. Golz brings a wealth of experience in accounting, auditing, and regulatory matters, having worked with various global organizations. She currently serves on several other boards, enhancing iRobot's leadership team. In related news, Elisha Finney steps down for personal reasons, leaving 9 directors, with 8 being independent. Colin Angle, CEO, stated Golz's expertise will be invaluable as the company aims to expand its operations and portfolio.

iRobot Corp. (NASDAQ: IRBT) has partnered with Amazon to enhance voice-enabled intelligence for home robots, improving automation and user interaction. This collaboration allows iRobot's robotic vacuums to respond to voice commands via Alexa, enabling specific room cleaning and more personalized routines. The integration includes advanced features like 'Clean Around the [Object]' and 'Do Not Disturb' settings. CEO Colin Angle emphasized the aim of making home robots more thoughtful and responsive, promising to enhance the user experience further.

iRobot Corp. (NASDAQ: IRBT) announced its third-quarter financial results for 2021, revealing a revenue increase of 7% to $440.7 million, bolstered by strong demand for mid-tier and premium robots. Despite challenges in the supply chain affecting costs, the company exceeded operating profit and EPS expectations. Revenue guidance for FY21 is $1.555 - $1.590 billion. iRobot continues to innovate with the launch of the Roomba j7+ and expands its subscription service. However, the company anticipates potential tariff impacts and increased transportation costs in its financial outlook.

iRobot Corp (NASDAQ: IRBT) and Bona have announced an exclusive partnership to enhance their robotic mopping solutions. The collaboration will introduce Bona Hardwood Floor Cleaner, Bona Hard-Surface Cleaner, and Bona PowerPlus Microfiber Deep Cleaning Pad designed specifically for the iRobot Braava jet m6. These products will be available in select retailers in the U.S. and Canada, as well as online. Additionally, new Braava jet m6 orders will start including these co-branded solutions in Q4 2021, fully transitioning by Q1 2022.

iRobot Corp. (NASDAQ: IRBT) will release its third-quarter 2021 financial results after market close on October 27, 2021. Following this, a live conference call will take place on October 28 at 8:30 a.m. ET to discuss the results and future outlook. Interested investors can listen to the call via the company's website. A replay of the conference call will be available until November 4. iRobot is recognized for pioneering the home robot cleaning market with products like Roomba and Braava, having sold over 30 million robots globally.

iRobot Corp. (NASDAQ: IRBT) has expanded its subscription-based iRobot Select membership program to include the Roomba j7+ vacuum. For a $99 activation fee and $29 monthly subscription, members receive a premium cleaning experience, including automatic accessory replenishment and dedicated support. This program allows for robot upgrades every three years and has received positive feedback from customers since its pilot a year ago. iRobot aims to enhance customer satisfaction with personalized service and an innovative cleaning solution.

Stockperks has launched a new initiative to offer shareholder perks for three public companies: SmileDirectClub (SDC), iRobot (IRBT), and Delek US Holdings (DK). This platform aims to enhance engagement between companies and retail investors, allowing these firms to recognize and communicate with their individual investors throughout the year. Agnies Watson, President of Stockperks, emphasized the need for effective investor relations and expressed excitement about this innovative approach. More information about the perks and the Stockperks platform can be found on their official website.

iRobot Corp. (NASDAQ: IRBT) has launched the Roomba j7+ robot vacuum, featuring advanced iRobot Genius™ 3.0 Home Intelligence. This new model enhances user control and cleaning performance through personalized features like PrecisionVision Navigation, which enables the robot to recognize and avoid obstacles, including cords and pet waste. The Roomba j7+ can automatically clean when users leave home and offers smart map customization. Priced starting at $849, it is available for purchase in North America and will be introduced to Europe in 2022.