iRobot Faces Uncertain Future as Debt and Competition Mount

The Roomba maker warns of potential shutdown within a year, citing financial struggles and declining sales.

iRobot's stock price plummeted over 40% to an all-time low of $3.67 following a bleak quarterly earnings report.
The company has 'substantial doubt' about its ability to continue operating independently beyond the next 12 months due to mounting debt and ongoing losses.
Fourth-quarter revenue dropped by 44% compared to the previous year, with a net loss of $77 million, marking a 21% year-over-year increase in losses.
The company's board has initiated a strategic review, exploring options such as restructuring debt, refinancing, or a potential sale of the business.
iRobot recently launched eight new Roomba models, including a $1,000 vacuum with dual spinning mops and lidar navigation, but the company acknowledges uncertainty about their market success.