Irobot Stock Price, News & Analysis

iRobot Corp. (NASDAQ: IRBT) announced it will release its first-quarter financial results on May 3, 2021, after market close. A conference call for investors to discuss these results and the company's outlook is scheduled for May 4, 2021, at 8:30 a.m. ET. Interested parties can access the call via telephone or through a live webcast on iRobot's investor relations site. The call will include a Q&A session for investors. The recorded version will be available for replay until May 11, 2021.

iRobot Corp. (NASDAQ: IRBT) announced the launch of the iRobot H1 handheld vacuum, designed for hard-to-reach spaces like couches and stairs. This product is part of the company's strategy to enhance direct-to-consumer sales, which doubled in Q4 2020, contributing 11% of total revenue. The company has also introduced extended warranties through iRobot Protect and Protect+, attracting positive customer feedback. Approximately 9.7 million customers are connected to iRobot, reflecting an 80% growth in its customer base during 2020.

iRobot Corp. (NASDAQ: IRBT) launched new coding resources via iRobot Education on April 5, 2021, to enhance STEM education access. This initiative coincides with National Robotics Week and introduces social-emotional learning (SEL) lessons, coding in Python, and multi-language support for the iRobot Coding App. New features include a 3D Root coding robot simulator to facilitate remote learning. CEO Colin Angle emphasized these tools aim to foster inclusivity and support students in developing coding skills for future STEM careers.

iRobot Corp. (NASDAQ: IRBT) announced participation in the Raymond James 42nd Annual Institutional Investors Conference on March 2, 2021, at 10:00 a.m. ET. Executives Colin Angle (CEO) and Andrew Kramer (VP, Investor Relations) will represent the company. iRobot, recognized as a leader in consumer robots, has sold over 30 million robots globally, including the Roomba and Braava models, which are at the forefront of advanced cleaning technology. This event indicates the company's ongoing engagement with investors and commitment to transparency.

iRobot Corp. (NASDAQ: IRBT) reported strong financial results for Q4 and the full year ended January 2, 2021, with Q4 revenue up 28% to $544.8 million and full-year revenue at $1.43 billion, an 18% increase. The company saw significant growth in premium robots, with Q4 premium revenue up 55%. Direct-to-consumer sales surged 117% in Q4. iRobot expects continued growth into 2021, projecting revenue between $1.635 and $1.675 billion. Cash reserves reached $483.7 million. The company also announced a new patent infringement action against SharkNinja and launched several new products.

iRobot Corp. (NASDAQ: IRBT) has filed a patent infringement lawsuit against SharkNinja at the International Trade Commission (ITC) seeking to bar several SharkNinja robotic cleaning products, including the Shark IQ Robot and Shark AI Robot VACMOP, from entering the U.S. market. Citing infringement of five patents related to core technology, this case adds to an existing lawsuit from 2019. iRobot aims to protect its 1,500 patents and claims that SharkNinja has misappropriated its intellectual property. The ITC is expected to initiate an investigation within 30 days.

iRobot Corp. (NASDAQ: IRBT) announced it will release its fourth-quarter and full-year 2020 financial results after market close on February 10, 2021. The earnings press release will be available on their investor relations website. A conference call to discuss the results and 2021 outlook is scheduled for February 11 at 8:30 a.m. ET, accessible via a call and online webcast. The company, known for products like Roomba and Braava, aims to empower households with innovative cleaning technologies.

iRobot Corp (NASDAQ: IRBT) has announced participation in the Needham & Company 23rd Annual Virtual Growth Conference on January 12, 2021. The event will feature presentations by key executives, including Julie Zeiler, CFO, and Andrew Kramer, VP of Investor Relations. The presentation is scheduled for 12:30 p.m. ET. iRobot, known for its leading consumer robots like the Roomba and Braava, continues to innovate in home cleaning technology. For further details, visit their website.

iRobot Corp. (NASDAQ: IRBT) is set to participate in two virtual investor conferences this December. The first conference is the Northland Capital Markets AI, IoT and Safety Conference on December 7, 2020, at 10:00 a.m. ET, featuring executives Keith Hartsfield and Andrew Kramer. The second is the Raymond James Technology Investors Conference on December 9, 2020, at 3:20 p.m. ET, with Colin Angle, Julie Zeiler, and Andrew Kramer representing the company. More details can be found on iRobot's investor page.