iRobot announced preliminary Q4 2024 financial results, expecting revenue of $171 million and a GAAP operating loss of $59 million. The company ended fiscal 2024 with $134 million in cash and cash equivalents, exceeding internal forecasts. Higher seasonal promotional spending and an $8 million non-recurring charge for inventory write-offs impacted the quarter's performance.CEO Gary Cohen highlighted fundamental changes in robot innovation and development processes, noting the company exceeded 2024 operating expense restructuring targets. The company remains on schedule with planned 2025 product launches aimed at improving consumer experience and driving growth.Looking ahead to 2025, iRobot expects to return to year-over-year top-line growth with new product introductions, projecting stronger performance in the second half. The company anticipates enhanced margins and improved profitability in 2025, benefiting from lower product costs and reduced development timelines.

iRobot announced preliminary Q4 2024 financial results, expecting revenue of $171 million and a GAAP operating loss of $59 million. The company ended fiscal 2024 with $134 million in cash and cash equivalents, exceeding internal forecasts. Higher seasonal promotional spending and an $8 million non-recurring charge for inventory write-offs impacted the quarter's performance.CEO Gary Cohen highlighted fundamental changes in robot innovation and development processes, noting the company exceeded 2024 operating expense restructuring targets. The company remains on schedule with planned 2025 product launches aimed at improving consumer experience and driving growth.Looking ahead to 2025, iRobot expects to return to year-over-year top-line growth with new product introductions, projecting stronger performance in the second half. The company anticipates enhanced margins and improved profitability in 2025, benefiting from lower product costs and reduced development timelines.