<ul><li>iRobot, the maker of the Roomba vacuum cleaner, has expressed concerns about its ability to continue operations for the next 12 months.</li><li>The company's Q4 and full-year financial results indicated uncertainty surrounding the success of new product launches and potential factors such as consumer demand, competition, macroeconomic conditions, and tariff policies.</li><li>iRobot's financial performance in 2024 included a net loss of $145.5 million for the full year and a decline in revenue from $890 million in 2023 to $682 million in 2024.</li><li>To address its financial situation, iRobot has pursued cost-cutting measures, workforce reductions, and a strategic review to explore alternatives, including refinancing debt or potential sale or strategic transactions.</li></ul>

iRobot Admits ‘Substantial Doubt’ Over Continued Operation

Discover more