Gross Margin Expansion
Expanded gross margin by 590 basis points year-over-year in Q3, reaching 32.4%, up from 26.5% in Q3 2023.
Operating Expense Reduction
Reduced operating expenses by 47% year-over-year, including a 50% reduction in global workforce since the start of 2024.
New Product Launches and Innovations
Launched several new products, including the Roomba Combo 2 Essential and Roomba Vac 2 Essential, which received positive market recognition and are margin accretive.
Restructuring Plan Success
Successfully executed on restructuring plan, cutting operating losses in half for the first three quarters compared to the previous year.
Leadership Transition
Announced a leadership transition with experienced executives taking over key roles, ensuring continuity and stability.