iRobot Corporation designs, builds, and sells robots in the United States, Europe, the Middle East, Africa, Japan, and internationally. It offers Roomba floor vacuuming robots; Braava family of automatic floor mopping robots; and Root robots to help children learn how to code. The company sells its products through distributor and retail sales channels, as well as through online stores and resellers. iRobot Corporation was incorporated in 1990 and is headquartered in Bedford, Massachusetts.
IPO Year: 2005
Exchange: NASDAQ
Website: irobot.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 5/6/2022 | $65.00 → $45.00 | Neutral → Underweight | JP Morgan |
| 3/24/2022 | $85.00 | Market Perform → Outperform | Northland Capital |
| 12/22/2021 | $95.00 → $80.00 | Neutral | Citigroup |
| 7/29/2021 | $150.00 → $103.00 | Overweight → Neutral | JP Morgan |
Global New Product Rollout Continues with High-Impact Launch EventsCompany Continues to Execute "iRobot Elevate" Turnaround Strategy BEDFORD, Mass., May 6, 2025 /PRNewswire/ -- iRobot Corp. (NASDAQ:IRBT), a leader in consumer robots, today announced its financial results for the first quarter ended March 29, 2025. "We continued to make meaningful progress on our iRobot Elevate turnaround strategy in the first quarter and initiated the largest new product launch in iRobot's history," said Gary Cohen, iRobot CEO. "We are encouraged by the positive reactions from distributors, re
Roomba® Max 705 Vac Provides 180x more suction power and 75 days of hands-free cleaning BEDFORD, Mass., April 23, 2025 /PRNewswire/ -- iRobot Corp. (NASDAQ:IRBT), a leader in consumer robots, today announced the availability of the Roomba® Max 705 Vac Robot + AutoEmpty™ Dock in North America and select European markets. Engineered to keep busy, pet-loving homes spotless, the new Roomba® Max 705 Vac offers our highest level of vacuuming and cleaning with 180x more power-lifting suction1, Dual-Rubber Brushes, and a self-emptying dock. Combined with a modern design featuring beautiful finishes and textures, this sleek looking robot and dock will blend seamlessly with virtually everyone's home d
BEDFORD, Mass., March 21, 2025 /PRNewswire/ -- iRobot Corp. (NASDAQ:IRBT), a leader in consumer robots, today announced that it granted an equity award as a material inducement to the employment of the company's newly-hired Senior Vice President and General Counsel, Kevin Lanouette. Notice of Issuance of Inducement GrantIn connection with the appointment of Mr. Lanouette as Senior Vice President and General Counsel effective January 17, 2025, iRobot granted Mr. Lanouette an employment inducement award consisting of 120,000 time-based restricted stock units ("RSUs") with an eff
Goldman Brings Proven Record of Overseeing Successful Operational and Financial Transformations Expands Size of Board to Nine Directors BEDFORD, Mass., March 12, 2025 /PRNewswire/ -- iRobot Corp. (NASDAQ:IRBT), a leader in consumer robots, today announced the addition of Neal P. Goldman as an independent director to its Board of Directors, effective immediately, expanding the size of the Board to nine directors, eight of whom are independent. Mr. Goldman is a seasoned executive with extensive public company board experience and a deep background in strategic planning, financi
Continues to Make Progress on "iRobot Elevate" Strategy Board of Directors Initiates Review of Strategic Alternatives BEDFORD, Mass., March 12, 2025 /PRNewswire/ -- iRobot Corp. (NASDAQ:IRBT), a leader in consumer robots, today announced its financial results for the fourth quarter and full year ended December 28, 2024. "2024 was a transformational year for iRobot, marked by the continued and successful execution of our five-point iRobot Elevate turnaround strategy as we've meaningfully reduced operating losses, improved gross margins and optimized cash flow," said Gary Cohen
Largest Product Launch in iRobot History BEDFORD, Mass., March 11, 2025 /PRNewswire/ -- iRobot Corp. (NASDAQ:IRBT), a leader in consumer robots, today announced the availability of a suite of new technologically-innovative Roomba® vacuums and 2-in-1 vacuums and mops with advanced features, ranging from debris-compacting systems to extending and retractable dual-spinning mop pads that tackle stubborn messes. The new robots, featuring an elevated, premium design, improved technology and an upgraded Roomba® Home app offering users more intuitive control, mark the largest and most
BEDFORD, Mass., Feb. 14, 2025 /PRNewswire/ -- iRobot Corp. (NASDAQ:IRBT), a leader in consumer robots, today announced that the company will host its fourth-quarter and full-year 2024 earnings conference call on Wednesday, March 12. Prior to the call, iRobot will issue a press release announcing its fourth-quarter and full-year financial results, along with supplemental financial information. The earnings press release will be posted to the company's investor relations website at https://investor.irobot.com/news-releases. Conference Call DetailsDate: Wednesday, March 12Time: 8
BEDFORD, Mass., Jan. 13, 2025 /PRNewswire/ -- iRobot Corp. (NASDAQ:IRBT), a leader in consumer robots, today announced its preliminary financial results for the fourth quarter ended December 28, 2024. Based on preliminary financial results, iRobot expects to report fourth-quarter revenue of approximately $171 million, GAAP operating loss of approximately ($59) million and non-GAAP operating loss of approximately ($47) million. The Company expects to report approximately $134 million in cash and cash equivalents as of the end of fiscal 2024, exceeding its internal forecast and
BEDFORD, Mass., Jan. 10, 2025 /PRNewswire/ -- iRobot Corp. (NASDAQ: IRBT), a leader in consumer robots, today announced that Kevin Lanouette has been named Senior Vice President and General Counsel, effective January 17, 2025. Tonya Drake, the Company's Executive Vice President and General Counsel, will transition to an advisory role ending March 7, 2025. "I'd like to thank Tonya for her many years of service to iRobot," said Gary Cohen, iRobot CEO. "Her legacy of tenacity and rigor in protecting the iRobot Company and our brand has been exemplary." "Kevin is a seasoned and hi
BEDFORD, Mass., Dec. 9, 2024 /PRNewswire/ -- iRobot Corp. (NASDAQ:IRBT), a leader in consumer robots, today announced that it granted an equity award as a material inducement to the employment of the company's newly-hired Senior Vice President and Chief Human Resources Officer, Jules Connelly. Notice of Issuance of Inducement GrantIn connection with the appointment of Ms. Connelly as Senior Vice President and Chief Human Resources Officer effective December 2, 2024, iRobot granted Ms. Connelly an employment inducement award consisting of 120,000 time-based restricted stock uni
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JP Morgan downgraded iRobot from Neutral to Underweight and set a new price target of $45.00 from $65.00 previously
Northland Capital upgraded iRobot from Market Perform to Outperform and set a new price target of $85.00
Citigroup reiterated coverage of iRobot with a rating of Neutral and set a new price target of $80.00 from $95.00 previously
JP Morgan downgraded iRobot from Overweight to Neutral and set a new price target of $103.00 from $150.00 previously
Northland Capital Markets reiterated coverage of iRobot with a rating of Market Perform and set a new price target of $130.00 from $140.00 previously
Citigroup reiterated coverage of iRobot with a rating of Neutral and set a new price target of $140.00 from $95.00 previously
Northland Securities reiterated coverage of iRobot with a rating of and set a new price target of $140.00 from $120.00 previously
Citigroup reiterated coverage of iRobot with a rating of and set a new price target of $140.00 from $95.00 previously
JP Morgan upgraded iRobot from Neutral to Overweight and set a new price target of $166.00 from $101.00 previously
JPMorgan Chase & Co. reiterated coverage of iRobot with a rating of Neutral and set a new price target of $101.00 from $90.00 previously
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Global New Product Rollout Continues with High-Impact Launch EventsCompany Continues to Execute "iRobot Elevate" Turnaround Strategy BEDFORD, Mass., May 6, 2025 /PRNewswire/ -- iRobot Corp. (NASDAQ:IRBT), a leader in consumer robots, today announced its financial results for the first quarter ended March 29, 2025. "We continued to make meaningful progress on our iRobot Elevate turnaround strategy in the first quarter and initiated the largest new product launch in iRobot's history," said Gary Cohen, iRobot CEO. "We are encouraged by the positive reactions from distributors, re
Continues to Make Progress on "iRobot Elevate" Strategy Board of Directors Initiates Review of Strategic Alternatives BEDFORD, Mass., March 12, 2025 /PRNewswire/ -- iRobot Corp. (NASDAQ:IRBT), a leader in consumer robots, today announced its financial results for the fourth quarter and full year ended December 28, 2024. "2024 was a transformational year for iRobot, marked by the continued and successful execution of our five-point iRobot Elevate turnaround strategy as we've meaningfully reduced operating losses, improved gross margins and optimized cash flow," said Gary Cohen
BEDFORD, Mass., Feb. 14, 2025 /PRNewswire/ -- iRobot Corp. (NASDAQ:IRBT), a leader in consumer robots, today announced that the company will host its fourth-quarter and full-year 2024 earnings conference call on Wednesday, March 12. Prior to the call, iRobot will issue a press release announcing its fourth-quarter and full-year financial results, along with supplemental financial information. The earnings press release will be posted to the company's investor relations website at https://investor.irobot.com/news-releases. Conference Call DetailsDate: Wednesday, March 12Time: 8
BEDFORD, Mass., Jan. 13, 2025 /PRNewswire/ -- iRobot Corp. (NASDAQ:IRBT), a leader in consumer robots, today announced its preliminary financial results for the fourth quarter ended December 28, 2024. Based on preliminary financial results, iRobot expects to report fourth-quarter revenue of approximately $171 million, GAAP operating loss of approximately ($59) million and non-GAAP operating loss of approximately ($47) million. The Company expects to report approximately $134 million in cash and cash equivalents as of the end of fiscal 2024, exceeding its internal forecast and
Continues to Make Progress on "iRobot Elevate" Strategy Revises Full-year 2024 Outlook BEDFORD, Mass., Nov. 6, 2024 /PRNewswire/ -- iRobot Corp. (NASDAQ:IRBT), a leader in consumer robots, today announced its financial results for the third quarter ended September 28, 2024. "We continue to make progress on our turnaround strategy," said Gary Cohen, iRobot's CEO. "In the third quarter, we expanded our non-GAAP gross margin by 590 basis points year over year and improved our use of operating cash. However, our overall results did not meet the expectations we set in August, as pe
BEDFORD, Mass., Oct. 22, 2024 /PRNewswire/ -- iRobot Corp. (NASDAQ:IRBT), a leader in consumer robots, today announced that the company will host its third-quarter 2024 earnings conference call on Wednesday, November 6, 2024. Prior to the call, iRobot will issue a press release announcing its financial results, along with supplemental financial information. The earnings press release will be posted to the company's investor relations website at https://investor.irobot.com/news-releases. Conference call details: Date: Wednesday, November 6, 2024 Time: 8:30 a.m. ET Call-In Numbe
Company Executing on "iRobot Elevate" Strategy to Focus on Branding, Innovation and Operating Performance Delivers on Plan to Lower Cost Structure and Refresh Product Line Introduces Q3 2024 Outlook and Revises Fiscal Year 2024 Expectations BEDFORD, Mass., Aug. 6, 2024 /PRNewswire/ -- iRobot Corp. (NASDAQ:IRBT), a leader in consumer robots, today announced its financial results for the second quarter ended June 29, 2024. "We are executing iRobot Elevate, a strategy focused on five pillars of financial performance, customer-centricity, bringing innovative products to market in
BEDFORD, Mass., July 18, 2024 /PRNewswire/ -- iRobot Corp. (NASDAQ:IRBT), a leader in consumer robots, today announced that it will issue its second-quarter 2024 financial results after market close on Tuesday, August 6, 2024. The earnings press release will be posted to the company's investor relations website at https://investor.irobot.com/news-releases. On August 7, the company will host a live conference call and webcast to review the financial results and to discuss the company's outlook. Conference call details: Date: Wednesday, August 7, 2024Time: 8:30 a.m. ETCall-In Nu
Gary Cohen, Former Gillette, Timex and Energizer Executive, Named as Company's New CEO Company Updates Outlook for Full Year 2024 BEDFORD, Mass., May 7, 2024 /PRNewswire/ -- iRobot Corp. (NASDAQ:IRBT), a leader in consumer robots, today announced its financial results for the first quarter ended March 30, 2024. First-Quarter Financial Highlights Revenue of $150.0 million, compared with $160.3 million in Q1 of 2023.GAAP net income per share was $0.30 compared with GAAP net loss per share of ($2.95) in Q1 of 2023.Non-GAAP net loss per share was ($1.53) compared with non-GAAP net
BEDFORD, Mass., April 25, 2024 /PRNewswire/ -- iRobot Corp. (NASDAQ:IRBT), a leader in consumer robots, today announced that it will issue its first-quarter 2024 financial results after market close on Tuesday, May 7, 2024. The earnings press release will be posted at https://investor.irobot.com/news-releases. On May 8, the company will host a live conference call and webcast to review its financial results and discuss its outlook. Conference call details: Date: Wednesday, May 8, 2024Time: 8:30 a.m. ETCall-In Number: 1-800-343-5172 (Alternate: 1-203-518-9856)Conference ID: IR
BEDFORD, Mass., March 21, 2025 /PRNewswire/ -- iRobot Corp. (NASDAQ:IRBT), a leader in consumer robots, today announced that it granted an equity award as a material inducement to the employment of the company's newly-hired Senior Vice President and General Counsel, Kevin Lanouette. Notice of Issuance of Inducement GrantIn connection with the appointment of Mr. Lanouette as Senior Vice President and General Counsel effective January 17, 2025, iRobot granted Mr. Lanouette an employment inducement award consisting of 120,000 time-based restricted stock units ("RSUs") with an eff
Goldman Brings Proven Record of Overseeing Successful Operational and Financial Transformations Expands Size of Board to Nine Directors BEDFORD, Mass., March 12, 2025 /PRNewswire/ -- iRobot Corp. (NASDAQ:IRBT), a leader in consumer robots, today announced the addition of Neal P. Goldman as an independent director to its Board of Directors, effective immediately, expanding the size of the Board to nine directors, eight of whom are independent. Mr. Goldman is a seasoned executive with extensive public company board experience and a deep background in strategic planning, financi
BEDFORD, Mass., Dec. 9, 2024 /PRNewswire/ -- iRobot Corp. (NASDAQ:IRBT), a leader in consumer robots, today announced that it granted an equity award as a material inducement to the employment of the company's newly-hired Senior Vice President and Chief Human Resources Officer, Jules Connelly. Notice of Issuance of Inducement GrantIn connection with the appointment of Ms. Connelly as Senior Vice President and Chief Human Resources Officer effective December 2, 2024, iRobot granted Ms. Connelly an employment inducement award consisting of 120,000 time-based restricted stock uni
BEDFORD, Mass., Sept. 10, 2024 /PRNewswire/ -- iRobot Corp. (NASDAQ:IRBT), a leader in consumer robots, today announced that it granted equity awards as a material inducement to the employment of the company's newly-hired President and Chief Operating Officer, Jeff Engel. Notice of Issuance of Inducement GrantIn connection with the appointment of Mr. Engel as President and Chief Operating Officer effective August 6, 2024, iRobot granted Mr. Engel employment inducement awards consisting of (a) 188,955 time-based restricted stock units ("RSUs") and (b) 181,545 performance-based
BEDFORD, Mass., Aug. 12, 2024 /PRNewswire/ -- iRobot Corp. (NASDAQ:IRBT), a leader in consumer robots, announced the addition of Michael J. Loparco to its board of directors. Mr. Loparco brings to the board extensive public company and global technology leadership experience in areas including consumer product and smart home innovation, manufacturing, global supply chain, mergers and acquisitions, design, enterprise IT, retail and robotics. Mr. Loparco is a seasoned CEO and consumer-focused leader with more than 25 years experience building and growing highly technical and cro
BEDFORD, Mass., Aug. 6, 2024 /PRNewswire/ -- iRobot Corp. (NASDAQ:IRBT), a leader in consumer robots, today announced it has named Jeffrey Engel as President & Chief Operating Officer (COO). Mr. Engel holds more than 30 years of executive and advisory experience, most recently serving as the company's Chief Restructuring Officer. As iRobot's President & COO, Mr. Engel will oversee daily operations and be responsible for the company's ongoing restructuring, research and development, operations and supply chain, and product management. He will report directly to Gary Cohen, iRobot CEO.
BEDFORD, Mass., June 13, 2024 /PRNewswire/ -- iRobot Corp. (NASDAQ:IRBT), a leader in consumer robots, announced the addition of Julien Mininberg, former chief executive officer of Helen of Troy, to its board of directors. Mr. Mininberg brings a wealth of global consumer product experience in areas including sales, marketing, retail, finance, mergers and acquisitions, organizational restructuring, strategic planning and corporate turnarounds. Mr. Mininberg has built and led domestic and international organizations in the consumer space for more than 30 years, consistently incr
BEDFORD, Mass., June 11, 2024 /PRNewswire/ -- iRobot Corp. (NASDAQ:IRBT), a leader in consumer robots, today announced that it granted equity awards on June 7, 2024 as a material inducement to the employment of the company's newly-hired Chief Executive Officer, Gary S. Cohen. Notice of Issuance of Inducement Grant In connection with the appointment of Mr. Cohen as Chief Executive Officer effective May 6, 2024, iRobot granted Mr. Cohen employment inducement awards consisting of (a) 290,000 time-based restricted stock units ("RSUs") and (b) 435,000 performance-based restricted s
Former Gillette, Timex and Energizer executive brings wealth of global consumer product experience, turnaround leadership, and proven track record of driving profitable growth BEDFORD, Mass., May 7, 2024 /PRNewswire/ -- iRobot Corp. (NASDAQ:IRBT), a leader in consumer robots, today announced that Gary Cohen will serve as the company's new chief executive officer, effective immediately. Mr. Cohen has more than 25 years of executive leadership and turnaround experience. As iRobot CEO, he will lead the company's transformational strategy to re-orient toward profitability following a recent operational restructuring. Mr. Cohen will be responsible for overseeing all aspects of the company's busin
BEDFORD, Mass., March 11, 2024 /PRNewswire/ -- iRobot Corp. (NASDAQ:IRBT), a leader in consumer robots, today announced its GAAP and non-GAAP financial expectations for the first quarter ending March 30, 2024, and reiterated its previously announced financial outlook for the fiscal year ending December 28, 2024 ahead of meetings with institutional investors. First Quarter 2024 OutlookiRobot is providing GAAP and non-GAAP financial expectations for the first quarter ending March 30, 2024. A detailed reconciliation between the Company's GAAP and non-GAAP expectations is includ