iRobot Corporation (IRBT)
iRobot Corporation (IRBT) is a technology company specializing in the design and manufacturing of robotic appliances, primarily for consumer use. Founded in 1990, the company is best known for its Roomba robotic vacuum cleaners and other autonomous cleaning devices. iRobot has expanded its product portfolio to include robots for security, maintenance, and military applications, leveraging advancements in robotics, sensors, and AI to create intelligent, automated solutions for everyday tasks.
Company News
Faruqi & Faruqi is investigating potential claims against iRobot Corporation, alleging the company made false statements about its financial stability after the termination of the Amazon Acquisition, with investors having until September 5, 2025 to seek lead plaintiff status.
iRobot reported a narrower-than-expected Q2 2025 loss, with revenue exceeding analyst forecasts. Despite improved margins and cost control, the company faces ongoing liquidity challenges and is conducting a strategic review.
Key highlights include Google's acquisition of cloud security firm Wiz for $32 billion, the U.S. banning Chinese AI model DeepSeek, and Nvidia's announcements at the GTC 2025 event.
Rockwell Automation reported Q3 2024 earnings that beat estimates, but revenue and earnings declined year-over-year due to lower sales volume in the Intelligent Devices and Software & Control segments. The company expects order levels to improve in Q4 but at a slower pace, leading to a revised full-year sales outlook.
Shares of iRobot Corp. initially jumped 10% then cooled in after-hours trading Wednesday after the company posted quarterly results that topped analysts’ revenue and earnings estimates.
