Based on preliminary financial results, iRobot expects fourth-quarter 2024 GAAP operating loss of approximately ($59) million and non-GAAP operating loss of approximately ($47) million.
The Company expects the second half of 2025 will be stronger than the first half of the year as its product lineup ramps up. The Company expects first-quarter 2025 results will continue to reflect a transitional period for its product line.
With the benefit of lower product costs and reduced development timelines, iRobot expects enhanced margins and improved profitability in 2025. iRobot will be sharing additional details, including its outlook for 2025, on its fourth-quarter and year-end 2024 conference call.
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