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Decreased demand for products and increased competition in the market weigh on IRBT. Unfavorable foreign currency movement is an added concern.
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.
Robotics continues to pique investors' interest, and even more so as we enter a new age of artificial intelligence technologies. Automation has been a significant catalyst for the space.
With the recent global stock market rout fueled by sudden weakness in artificial intelligence companies, it's an ideal time to consider offloading overhyped AI stocks. Few expected such a massive tumble at the stock market, but denying how overheated AI stocks had become is tough.
BEDFORD, Mass. , Aug. 12, 2024 /PRNewswire/ -- iRobot Corp. (NASDAQ: IRBT), a leader in consumer robots, announced the addition of Michael J.
BEDFORD, Mass. , Aug. 12, 2024 /PRNewswire/ -- iRobot Corp. (NASDAQ: IRBT), a leader in consumer robots, will participate in the 13th Annual Needham Virtual Industrial Tech, Robotics, & Clean Tech 1x1 Conference on Monday, August 19.
iRobot's (IRBT) second-quarter 2024 revenues decline 29.7% on account of lower sales of solo and other products.
IRobot (IRBT) came out with a quarterly loss of $1.96 per share versus the Zacks Consensus Estimate of a loss of $1.77. This compares to loss of $1.42 per share a year ago.
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).
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.