Robot just scrapped and replaced almost its entire range of robot vacuums, but amongst the shiny new fleet there's one model ...
A year after Amazon abandoned its plan to purchase iRobot for $1.4 billion, the Roomba-maker warns it may not be able to continue to operate.
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The company behind the popular Roomba vacuums revealed severe financial instability, highlighting declining revenue and mounting losses. iRobot has now withdrawn its 2025 financial guidance and ...
Shares of industrial and transportation companies were flat as traders weighed the implications of inflation data and tariff threats.
The loss-making company was once valued at $3.56 billion in 2021, driven by pandemic-fueled demand. It is now worth less than $200 million.
Robot’s stock fell as much as 40% early Wednesday after the maker of robot vacuums told investors that it has “” Sales were ...
Its financial situation has worsened since Amazon walked away from its $1.7 billion acquisition of iRobot last year, citing regulatory hurdles.
Roomba vacuum cleaner maker iRobot , a former $1.4 billion buyout target of Amazon.com , raised concerns on Wednesday about its ability to stay in business.
"As we move ahead, we will continue to take decisive action to reclaim our position as the industry leader and build on ...
It was not so long ago that household robot maker iRobot (IRBT), the people who brought us the Roomba, was on top of the world. A potential ...
The Roomba manufacturer warns there’s ‘substantial doubt’ about its ability to continue as its stock price keeps sliding.
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