iRobot Corporation
3.2700+0.23 (+7.39%)
Oct 29, 4:00:02 PM EDT · NasdaqGS · IRBT · USD
Key Stats
Market Cap
102.57MP/E (TTM)
-Basic EPS (TTM)
-6.17Dividend Yield
0%Recent Filings
8-K
iRobot extends debt waiver
iRobot extended its credit agreement waiver with Carlyle Group lenders to December 1, 2025, delaying covenant breaches on going concern status and minimum core assets. Cash dwindles to fund operations amid stalled sale talks, with the last potential buyer pulling out. Lenders hold leverage over $203.2 million term loan. Default looms without fresh capital.
8-K
iRobot extends debt waiver
iRobot extended its credit agreement waiver to October 24, 2025, dodging defaults on going concern and core assets covenants tied to its 2024 auditor doubts. With $203.2 million in term loan debt dwarfing $40.6 million cash as of June 2025, lenders hold liens on nearly all assets. Default risks acceleration and bankruptcy. Strategic review drags on, diverting resources amid uncertainty.
10-Q
Q2 FY2025 results
iRobot's Q2 revenue fell 23.3% y/y to $127.6M, with gross margin expanding to 30.0% from 16.5% amid lower inventory charges and new product launches, yet operating loss narrowed to $36.7M from $61.1M as R&D costs dropped 40.7%. YTD revenue declined 27.6% to $229.1M, gross margin rose to 25.6%, but operating loss widened to $82.5M from $49.2M due to higher G&A from strategic review fees; diluted EPS was $(0.68) for the quarter and $(3.41) YTD, consistent with 33.4M and 32.3M shares. Cash burned $56.6M in operations, ending at $40.6M plus $36.0M restricted for debt repayment, while the $203.2M term loan fair value exceeds liquidity amid covenant waivers to September 2025. New Roomba models drove 49% of H1 sales, but tariffs could add $27M in costs. Ongoing strategic review risks dilution or failed deals.
8-K
iRobot's Q2 2025 revenue fell to $127.6M from $166.4M YoY, but margins improved significantly. GAAP gross margin rose to 30.0% from 16.5%, driven by better product mix and cost efficiencies. Operating loss narrowed to $36.7M from $61.1M, with non-GAAP loss at $27.0M versus $48.2M. Net loss per share improved to $0.68 from $2.41. Challenges persist with declining cash to $40.6M and ongoing strategic review for potential sale or refinancing amid liquidity concerns.
iRobot Corporation reported its Q2 2025 financial results, showing revenue of $127.6 million, down from $166.4 million in Q2 2024. GAAP gross margin improved to 30.0% from 16.5%, and non-GAAP gross margin rose to 30.2% from 16.7%. GAAP operating expenses decreased to $75.0 million from $88.5 million, with non-GAAP operating expenses at $65.5 million versus $75.9 million. GAAP operating loss narrowed to $36.7 million from $61.1 million, and non-GAAP operating loss improved to $27.0 million from $48.2 million. GAAP net loss per share was $0.68, improved from $2.41, and non-GAAP net loss per share was $0.27, better than $1.96. The company highlighted challenges like market headwinds and liquidity issues but noted progress in gross margin and expense control. It also introduced the Roomba Max 705 Combo and discussed ongoing strategic review for potential sale or refinancing.
8-K
iRobot extends covenant waivers and issues warrants in credit agreement amendment.
iRobot Corporation has entered into Amendment No. 3 to its Credit Agreement, extending the waiver period for certain financial covenants until August 14, 2025. This amendment requires a $4 million prepayment of term loans from the Break Fee Account and issues warrants to purchase up to 1,556,323 shares of common stock at $0.01 per share, expiring June 5, 2035. The warrants are exempt from registration under the Securities Act and subject to restrictions on transfer.
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