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iRobot Corporation Investors: Company Investigated by the Portnoy Law Firm

1. iRobot faces a securities fraud investigation by Portnoy Law Firm. 2. The company reported a significant quarterly loss of $2.06 per share. 3. IRBT's revenue declined by 44% year-over-year in Q4 2024. 4. There are doubts about iRobot's ability to continue as a going concern. 5. IRBT stock plummeted by 51.58% following the negative financial report.

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FAQ

Why Very Bearish?

The significant loss and potential fraud investigation signal severe investor distrust, reminiscent of past tech collapses.

How important is it?

The ongoing investigation and recent losses indicate persistent risk, directly impacting IRBT's stock value.

Why Short Term?

Immediate investor reaction to the news is likely, affecting stock price quickly given current sentiments.

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Investors can contact the law firm at no cost to learn more about recovering their losses ​LOS ANGELES, March 31, 2025 (GLOBE NEWSWIRE) -- The Portnoy Law Firm advises iRobot Corporation (“iRobot” or “the Company”) (NASDAQ: IRBT) investors that the firm has initiated an investigation into possible securities fraud and may file a class action on behalf of investors. iRobot investors that lost money on their investment are encouraged to contact Lesley Portnoy, Esq. Investors are encouraged to contact attorney Lesley F. Portnoy, by phone 310-692-8883 or email: info@portnoylaw.com, to discuss their legal rights, or click here to join the case. The Portnoy Law Firm can provide a complimentary case evaluation and discuss investors’ options for pursuing claims to recover their losses. On March 12, 2025, iRobot released its fourth-quarter and full-year 2024 financial results. The company reported a quarterly loss of $2.06 per share on $172 million in revenue, marking a 44% year-over-year decline. Additionally, iRobot warned investors that the success of its new product launches remained uncertain due to factors such as consumer demand, competition, macroeconomic conditions, and tariff policies. The company further disclosed that, given these uncertainties and their potential financial impact, there was "substantial doubt" about its ability to continue as a going concern for at least the next 12 months. Following this announcement, iRobot’s stock price fell $3.26 per share, or 51.58%, over the next two trading sessions, closing at $3.06 on March 13, 2025. Please visit our website to review more information and submit your transaction information. The Portnoy Law Firm represents investors in pursuing claims against caused by corporate wrongdoing. The Firm’s founding partner has recovered over $5.5 billion for aggrieved investors. Attorney advertising. Prior results do not guarantee similar outcomes. Lesley F. Portnoy, Esq.Admitted CA, NY and TX Barslesley@portnoylaw.com310-692-8883www.portnoylaw.com Attorney Advertising

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