<ul><li>Robotics firm iRobot, which is known for its robotic vacuum Roomba, has expressed doubt about its ability to continue as a 'going concern' in the near future due to intense competition and declining revenue.</li><li>Investors reacted to this news by causing iRobot's stock price to fall by nearly 40% within a day.</li><li>iRobot's annual report indicates significant challenges, including a 47% drop in revenue in the fourth quarter, efforts to renegotiate its largest loans, and the initiation of a 'formal strategic review' to explore options such as refinancing or a potential sale.</li><li>Since Amazon's failed bid to acquire the company in 2022, iRobot's fortunes have taken a downturn.</li></ul>

iRobot says there is “substantial doubt” about it as a “going concern”

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