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iRobot Fiscal Q4 Adjusted Loss Widens as Revenue Falls, Continues Strategic Review; Shares Plunge
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iRobot Fiscal Q4 Adjusted Loss Widens as Revenue Falls, Continues Strategic Review; Shares Plunge
Mar 12, 2025 6:58 AM

09:28 AM EDT, 03/12/2025 (MT Newswires) -- iRobot (IRBT) reported a fiscal Q4 non-GAAP net loss Wednesday of $2.06 per diluted share, widening from a $1.82 loss a year earlier.

Two analysts polled by FactSet expected a $1.73 loss.

Revenue for the quarter ended Dec. 28 was $172 million, down from $307.5 million a year earlier.

Two analysts surveyed by Capital IQ expected $180.8 million.

The home appliances company said it has revised its existing term loan and was talking with its primary lender as part of ongoing review of its strategic alternatives, adding there is no assurance that process will result in a transaction.

iRobot shares were down 36% in recent Wednesday premarket activity.

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