The press release regarding the Company’s financial results for the fourth quarter and full year of 2024 announced on March 12 has been the subject of inaccurate and misleading media reports.

It is business as usual at iRobot. The recent news has no direct impact on our business operations or our ability to produce products or serve our customers in Denmark, Sweden, Norway, Finland or the rest of the world. There will be no changes to features or functionality of our robots or the iRobot Home App. as a result of the news.

Our Board of Directors has initiated a strategic review of the business, exploring a broad range of alternatives, including, but not limited to, refinancing the company’s debt, and exploring a potential sale or strategic transaction.

We remain enthusiastic about our strong pipeline of new products as we continue to execute on our iRobot strategy providing our customers innovative home products you have come to expect from us for more than 30 years and will continue to meet our customers' evolving needs.