iRobot Corp 2025年季度报告

QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIESEXCHANGE ACT OF 1934 Delaware(State or other jurisdiction of incorporation or organization) ______________________________________________ Consolidated Statements of Stockholders'Equity(Deficit)for the threemonths endedMarch29, 2025andMarch30,Consolidated Statements of Cash Flows for the three months ended March 29, 2025 and March 30, 2024 (unaudited)Three Months EndedMarch 29, 2025March 30, 2024Cash flows from operating activities:Net (loss) income$(87,273)$ Depreciation and amortizationLoss on equity investment —Stock-based compensation5,314Provision for inventory excess and obsolescence384Change in fair value of term loan25,965Debt issuance costs expensed under fair value option11,614Deferred income taxes, net2921,638 Other assets3,135Accounts payable(9,642)Accrued expenses and other liabilities(8,100)Net cash (used in) provided by operating activities(26,460)Cash flows from investing activities:Additions of property and equipment—Purchase of investments(8)Net cash used in investing activities(8) Effect of exchange rate changes on cash, cash equivalents and restricted cashNet decrease in cash, cash equivalents and restricted cash Cash, cash equivalents and restricted cash, at beginning of period Cash, cash equivalents and restricted cash, at end of period$112,321$ Restricted cash40,003Restricted cash, non-current (included in other assets)2,396Cash, cash equivalents and restricted cash, at end of period$112,321$ 7 1.Nature of the BusinessiRobot Corporation ("iRobot" or the "Company") designs, builds and sells robots and home innovations that make life better. The concepts in cleaning, mapping and navigation. iRobot's durable and high-performing robots are designed using the close integration of channels, including chain stores and other national retailers, through the Company's own website and app, dedicated e-commercewebsites, the online arms of traditional retailers and through value-added distributors and resellers worldwide. Termination of Merger Agreement Agreement") with Amazon.com, Inc., a Delaware corporation ("Parent" or "Amazon"), and Martin Merger Sub, Inc., a Delawarecorporation and an indirect wholly owned subsidiary of Amazon ("Merger Sub"), providing for, among other things, the merger of MergerSub with and into iRobot, with the Company surviving the merger as a wholly owned subsidiary of Parent (the "Merger", and, togetherwith the other transactions contemplated by the Merger Agreement (as defined below), (the "Transactions"). On July 24, 2023, iRobot,Amazon and Merger Sub entered into an amendment to the Original Merger Agreement (the "Amendment", and the Original Merger On January 28, 2024, the Company and Amazon mutually agreed to terminate the Merger Agreement and entered into a mutualtermination agreement effective as of such date (the "Termination Agreement"). The termination of the Merger Agreement was approvedby the Company's board of directors ("Board"). In accordance with the terms of the Termination Agreement, Amazon made a cashpayment to the Company in the previously agreed amount of $94.0million (the "Parent Termination Fee") on January 29, 2024. Duringthe first quarter of fiscal 2024, as a result of the termination of the Merger Agreement and receipt of the Parent Termination Fee of portion of the Term Loan. The remaining $40.0million of the Parent Termination Fee was set aside as restricted cash to be used for futurerepayments of the Term Loan subject to limited ability of the Company to utilize such amounts at the discretion of the lenders for thepurchase of inventory. See Note 9,Debt, for additional information. The Parent Termination Fee received net of professional fees paidwas $75.2million and was recorded during the first quarter of fiscal 2024 as a benefit in general and administrative expenses on theconsolidated statements of operations. The accompanying consolidated financial statements include those of iRobot and its subsidiaries, after elimination of allintercompany balances and transactions. iRobot has prepared the accompanying unaudited consolidated financial statements inconformity with accounting principles generally accepted in the United States of America ("GAAP").In the opinion of management, all adjustments necessary to the unaudited interim consolidated financial statements have been madeto state fairly the Company's financial position. Interim results are not necessarily indicative of results for the full fiscal year or any futureperiods. The information included in this Form 10-Q should be read in conjunction with the Company's audited consolidated financial Liquidity Risks and Uncertainties As part of its quarterly assessment completed during the fourth quarter of fiscal 2024, management considered and assessed itsability to continue as a going concern for the 12 months from the date of issuance of the consolidated financial statements. Management's cash flow for