iRobot Corp 2025年季度报告

FORM10-Q iROBOT CORPORATION The number of shares outstanding of the Registrant’s Common Stock as of April25, 2025 was31,105,480. PART I: FINANCIAL INFORMATION Item1. Financial Statements (unaudited)Consolidated Balance Sheets as ofMarch 29, 2025and December28, 2024Consolidated Statements of Operations for the threemonths endedMarch29, 2025andMarch30, 2024Consolidated Statements of ComprehensiveLoss for the threemonths endedMarch29, 2025andMarch30, 2024 PART II: OTHER INFORMATION iROBOT CORPORATIONCONSOLIDATED BALANCE SHEETS(in thousands, except per share amounts) iROBOT CORPORATIONNOTES TO CONSOLIDATED FINANCIAL STATEMENTS 1.Nature of the Business iRobot Corporation ("iRobot" or the "Company") designs, builds and sells robots and home innovations that make life better. TheCompany's portfolio of home robots and smart home devices features proprietary technologies for the connected home and advancedconcepts in cleaning, mapping and navigation. iRobot's durable and high-performing robots are designed using the close integration ofsoftware, electronics and hardware. The Company's revenue is primarily generated from product sales through a variety of distribution Termination of Merger Agreement As previously disclosed, on August 4, 2022, the Company entered into an Agreement and Plan of Merger (the "Original MergerAgreement") 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, 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$94.0million from Amazon, the Company made a payment of $18.8million for professional fees incurred in connection with theTransactions. In accordance with the terms of the Credit Agreement (as defined below), the Company applied $35.0million to repay a 2.Summary of Significant Accounting Policies Basis of Presentation and Foreign Currency Translation 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 in 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 The Company operates and reports using a 52-53 week fiscal year ending on the Saturday closest to December31. Accordingly, theCompany's fiscal quarters end on the Saturday that falls closest to the last day of the third month of each quarter. 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'sassessment included the preparation of cash flow forecasts considering the annualized savings from the completed restructuring actionsand improved cash flow from operations driven by the launch of a suite of new products beginning in March 2025. While management's iROBOT CORPORATIONNOTES TO CONSOLIDATED FINANCIAL STATEMENTS - (continued) issuance of the financial statements, the forecast depended heavily on the assumption of a successful new product launch in 2025achieving topline growth and improved profitability. There can be no assurance that the new product launches will be successful due to potential factors, including, but not limited to:continued reduced demand for its products due to consumer sentiment or competition; challenging macroeconomic conditions that furtherconstrain consumer demand; uncertainties surrounding tariff policy imposed by the U.S. Presidential administration; and the Company On March 11, 2025, the Company