iRobot Corporation is a technology company that specializes in the design and manufacturing of innovative robotic solutions for the home
The company is best known for its Roomba line of robotic vacuum cleaners, which autonomously navigate indoor spaces to clean floors, but it also offers a range of other household robots that assist with various cleaning tasks. iRobot leverages advanced artificial intelligence and sophisticated engineering to create products that enhance convenience and efficiency in everyday life. Additionally, the company focuses on developing smart home technologies, with many of its products equipped to integrate into connected home ecosystems.
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iRobot stock dropped in premarket trading after reporting a 44% year-over-year decline in Q4 sales to $172.03 million. Adjusted EPS of $(2.06) missed expectations, and gross margins fell sharply. The company also initiated a strategic review to explore refinancing, potential sales, and other alternatives.
The EU plans to investigate Amazon in 2025 under the Digital Markets Act for allegedly favoring its in-house products over third-party sellers on its marketplace.
