iRobot Corp. announced preliminary financial results for the fourth quarter ended December 28, 2024, on January 13, 2025. The company expects to report approximately $171 million in revenue, falling short of its previous guidance range of $175 million to $200 million.
The preliminary results also indicate a GAAP operating loss of approximately ($59) million and a non-GAAP operating loss of approximately ($47) million. These figures reflect higher-than-anticipated seasonal promotional spending and an $8 million non-recurring charge related to excess component inventory write-off and non-cancelable purchase commitments.
Despite the Q4 performance, iRobot reported approximately $134 million in cash and cash equivalents at the end of fiscal 2024, exceeding its internal forecast. The company anticipates a return to year-over-year top-line growth for the full year 2025, with a stronger second half as new products ramp up.
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