secwatch.observer — SEC 8-K summary
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Issuer:     IROBOT CORP (—)
CIK:        0001159167
Form:       8-K
Filed at:   2024-05-07T23:59:59+00:00
Accession:  0001159167-24-000034
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

iRobot Q1 rev $150M, GAAP EPS $0.30 (non-GAAP loss $1.53); names Gary Cohen CEO; cuts FY outlook
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- Revenue $150.0M, down 6% YoY; GAAP net income per share $0.30 vs loss ($2.95); non-GAAP net loss per share ($1.53) vs ($1.67).
- Appoints Gary Cohen (former Gillette, Timex CEO) as new CEO to lead turnaround.
- Completed 30% workforce reduction (~330 employees); restructuring charge $14M in Q1, expects $9M more in 2024.
- Updates full-year 2024 guidance: revenue $815-860M, non-GAAP net loss per share ($3.13)-($2.71); cites yen weakness and product timing.
- Launched Roomba Combo Essential ($275) and Roomba Vac Essential, first products under new contract manufacturing model.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1159167/000115916724000034/0001159167-24-000034-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1159167/000115916724000034/irbt-20240507.htm
  HTML page:      https://secwatch.observer/filing/0001159167-24-000034

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