iRobot (IRBT.US) reported fourth-quarter revenue below expectations, and the stock price fell by 19%.

Robot vacuum manufacturer iRobot (IRBT.US) reported that the preliminary revenue data for the fourth quarter fell short of expectations, leading to a significant drop of 19% in the company's stock price on Monday. iRobot anticipates fourth quarter revenue of $0.171 billion, down from $0.3075 billion in the same period last year, and also lower than the market forecast of $0.188 billion. The company also expects an operating loss of $59 million, or an adjusted loss of $47 million. The company added that it expects revenue to resume growth in 2025, with a stronger revenue performance in the second half of the year as the product lineup expands.

AASTOCKSJan 13 23:48

IRobot Shares Drop on Weak Preliminary 4Q Results

WSJJan 13 22:10

iRobot | 8-K: iRobot Announces Preliminary Fourth-Quarter 2024 Financial Results

SECJan 13 20:28 · Announcements

IRobot Sees 2nd Half of 2025 Stronger Than First Half >IRBT

Dow JonesJan 13 20:14

IRobot: Remain on Schedule With Product Launches Planned for 2025 >IRBT

Dow JonesJan 13 20:12

IRobot Sees About $134M FY-End Cash, Cash Equivalents >IRBT

Dow JonesJan 13 20:12