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NetworkNewsBreaks – iRobot Corporation (NASDAQ: IRBT) Featured in Analysis Report

Company: iRobot Corporation (IRBT)
Category: Analyst Alerts

iRobot(R) (NASDAQ: IRBT), a global enterprise that has sold more than 30 million robots worldwide, was featured in a recent LikeFolio analysis report that discussed its performance. The report, written by LikeFolio Founder Andy Swan, reads, “Last quarter, iRobot posted strong results: revenue increased +43% YoY as premium products showed strength (+86% YoY) and its direct-to-consumer channel rocketed (+155% YoY). However, shares of IRBT sold off following this ‘blowout’ report. In fact, we’ve seen sell-offs after five of past eight quarterly reports, despite sequential improvements in consumer demand since 2017.”

For more information, visit www.iRobot.com.

About iRobot Corporation

iRobot(R), the leading global consumer robot company, designs and builds robots that empower people to do more both inside and outside of the home. iRobot created the home robot cleaning category with the introduction of its Roomba(R) Robot Vacuum in 2002. Today, iRobot is a global enterprise that has sold more than 30 million robots worldwide. iRobot’s product line, including the Roomba and the Braava(R) family of mopping robots, features proprietary technologies and advanced concepts in cleaning, mapping and navigation. iRobot engineers are building an ecosystem of robots and technologies to enable the smart home. For more information about iRobot, please visit www.iRobot.com.

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