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INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of iRobot Corporation - IRBT

1. Pomerantz LLP is investigating iRobot for potential securities fraud. 2. iRobot reported a substantial loss of $2.06 per share. 3. Company's revenue declined 44% year-over-year to $172 million. 4. iRobot cautioned about uncertainties impacting future product launches. 5. Stock plummeted over 51% following the financial results announcement.

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FAQ

Why Very Bearish?

The report of a 44% revenue decline raises severe concerns about iRobot's viability, significantly impacting investor confidence. Historically, such drastic financial losses often lead to similar stock declines, making this situation particularly dire for IRBT.

How important is it?

The combination of a significant quarterly loss, ongoing investigations, and potential fraud claims poses serious threats to investor sentiment and confidence in iRobot, necessitating close attention.

Why Short Term?

Immediate reactions to significant financial losses usually result in swift market corrections. Therefore, IRBT's stock is likely to remain under pressure in the near term before it stabilizes.

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, /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of iRobot Corporation ("iRobot" or the "Company") (NASDAQ: IRBT). Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, ext. 7980. The investigation concerns whether iRobot and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices. [Click here for information about joining the class action] On March 12, 2025, iRobot issued a press release reporting its fourth quarter and full year 2024 financial results. For the quarter, iRobot reported a loss of $2.06 per share on revenue of $172 million, representing a 44% year-over-year decline. iRobot also cautioned investors that "there can be no assurance that [iRobot's] new product launches will be successful due to potential factors, including, but not limited to consumer demand, competition, macroeconomic conditions, and tariff policies." Accordingly, "[g]iven these uncertainties and the implication they may have on the Company's financials, there is substantial doubt about the Company's ability to continue as a going concern for a period of at least 12 months from the date of the issuance of its consolidated 2024 financial statements." On this news, iRobot's stock price fell $3.255 per share, or 51.58%, over the following two trading sessions, to close at $3.055 per share on March 13, 2025. Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com. Attorney advertising. Prior results do not guarantee similar outcomes. CONTACT:Danielle PeytonPomerantz LLP[email protected]646-581-9980 ext. 7980 SOURCE Pomerantz LLP WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM? 440k+ Newsrooms & Influencers 9k+ Digital Media Outlets 270k+ Journalists Opted In

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