by Mike Duff | Jan 29, 2024 | Retail Articles
iRobot and Amazon have announced that they have entered into a mutual agreement to terminate the acquisition agreement they originally signed on August 4, 2022, a move that triggers a $94 million termination payment from the retailer to the manufacturer. At the same...
by Mike Duff | Aug 9, 2023 | Retail Articles
Although iRobot Corp. second-quarter earnings slipped, the company managed to beat a Wall Street estimate as it continues to await the conclusion of its merger with Amazon. Net loss was $80.8 million, or $2.93 per diluted share, versus $43.4 million, or $1.60 per...
by Mike Duff | Jul 25, 2023 | Retail Articles
iRobot has entered into a new $200 million credit facility that prompted the company and Amazon to amend the price per share formerly set for its acquisition by the retailer. Under the amended acquisition terms, Amazon will pay $51.75 per share revised down from $61...
by Mike Duff | Jul 6, 2023 | Retail Articles
Prime Day launches at 3 a.m. EDT July 11, giving consumers in the Amazon membership program 48 hours of exclusive access to millions of deals. The deals include discounts on a range of products including a variety of home goods: Up to 75% off select Amazon devices. Up...
by Mike Duff | May 10, 2023 | Retail Articles
The first quarter was not kind to iRobot, which suffered larger losses and lower sales as well as a Wall Street estimate miss. In the quarter iRobot Corp. recorded a net loss of $81.1 million, or $2.95 per diluted share, versus a net loss of $30.4 million, or $1.12...
