On November 6, 2024, iRobot Corporation reported its financial results for the third quarter ending September 28, 2024. The company announced a revenue of $193.4 million, a slight increase from $186.2 million in the same quarter the previous year. Non-GAAP gross margin improved by 590 basis points year-over-year, and GAAP operating expenses were significantly reduced from $107.5 million to $55.1 million. Despite these improvements, the company's overall results fell short of expectations due to market and competitive challenges. iRobot also announced executive transitions, with Julie Zeiler stepping down as CFO effective December 2, 2024, and Karian Wong being appointed as the new CFO. Additionally, Russell J. Campanello stepped down as Executive Vice President, Human Resources and Corporate Communications, with Jules Connelly taking over the role. Both Wong and Connelly have entered into employment agreements with the company, which include compensation details and severance arrangements. The company also provided an updated outlook for the fourth quarter and full year of 2024, revising its revenue and net loss per share estimates.

On November 6, 2024, iRobot Corporation reported its financial results for the third quarter ending September 28, 2024. The company announced a revenue of $193.4 million, a slight increase from $186.2 million in the same quarter the previous year. Non-GAAP gross margin improved by 590 basis points year-over-year, and GAAP operating expenses were significantly reduced from $107.5 million to $55.1 million. Despite these improvements, the company's overall results fell short of expectations due to market and competitive challenges. iRobot also announced executive transitions, with Julie Zeiler stepping down as CFO effective December 2, 2024, and Karian Wong being appointed as the new CFO. Additionally, Russell J. Campanello stepped down as Executive Vice President, Human Resources and Corporate Communications, with Jules Connelly taking over the role. Both Wong and Connelly have entered into employment agreements with the company, which include compensation details and severance arrangements. The company also provided an updated outlook for the fourth quarter and full year of 2024, revising its revenue and net loss per share estimates.