{"id":847594,"date":"2025-05-06T16:23:52","date_gmt":"2025-05-06T20:23:52","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/irobot-reports-first-quarter-2025-financial-results\/"},"modified":"2025-05-06T16:23:52","modified_gmt":"2025-05-06T20:23:52","slug":"irobot-reports-first-quarter-2025-financial-results","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/irobot-reports-first-quarter-2025-financial-results\/","title":{"rendered":"iRobot Reports First Quarter 2025 Financial Results"},"content":{"rendered":"
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PR Newswire<\/p>\n<\/p><\/div>\n

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\n Global New Product Rollout Continues with High-Impact Launch Events
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\n Company Continues to Execute “iRobot Elevate” Turnaround Strategy<\/i>\n <\/p>\n

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\n BEDFORD, Mass.<\/span>
\n <\/span>, May 6, 2025<\/span><\/span> \/PRNewswire\/ — iRobot Corp. <\/b>(NASDAQ: IRBT), a leader in consumer robots, today announced its financial results for the first quarter ended March 29, 2025<\/span>.<\/p>\n

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\n \"iRobot
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“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<\/span>, iRobot CEO. “We are encouraged by the positive reactions from distributors, retailers and consumers, and expect to see an uptick in sales later in the year as availability of our suite of new, technologically innovative Roomba\u00ae<\/sup> vacuums and 2-in-1 vacuums and mops expands. As our Board of Directors continues its review of strategic alternatives for our business, we remain focused on executing our proven strategy and delivering the products our customers have come to know and love.”<\/p>\n

The Company has achieved a significant reduction in operating expenses and production costs by transforming its R&D and supply chain model to better leverage the Company’s design capabilities and contract manufacturing partnerships. This reinvention of the way iRobot operates has allowed for a greater focus on innovation and improvements to product features, quality, and software. With respect to the current tariff conditions, the majority of the Company’s U.S. imports come from Vietnam<\/span> and are currently subject to a 10% tariff rate.<\/p>\n

“Our first quarter performance reflects what has been a major transitional period for iRobot as we worked to clear our sales channels of legacy product inventory. As we continue to navigate a dynamic macro environment, we expect our new products and lower overall cost structure to drive improved profitability over the long term. We expect to see solid sales traction later this year to support year-over-year revenue growth in 2025, and we remain on track to deliver gross-margin expansion and improved cash flow from operations this year,” concluded Cohen.<\/p>\n

\n Marketing Highlights <\/b>\n <\/p>\n