iRobot Corp. announced its financial results for the first quarter ended March 29, 2025, on May 6, 2025, reporting revenue of $101.6 million. This represents a decline from $150.0 million in Q1 2024, which had included a $75 million Amazon merger termination fee.
The company posted a GAAP net loss per share of ($2.84) and a non-GAAP net loss per share of ($1.95). Gross margins also saw a contraction, with GAAP gross margin at 20.0% compared to 24.1% in Q1 2024, and non-GAAP gross margin at 22.0% compared to 24.6%.
iRobot also announced that it amended its existing term loan on April 30, 2025, to extend the covenant waiver under the loan to June 6, 2025. The Board of Directors' review of strategic alternatives for the business remains ongoing, with no set timetable for its conclusion. The company did not host an earnings call or provide a 2025 outlook.
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