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Roomba Maker iRobot Warns of Uncertain Future After Major Financial Losses

The company reports a 23% revenue decline for 2024 and a $145.5 million net loss, raising doubts about its ability to stay in business.

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Two images side by side. On the left are four robot vacuums from iRobot's 2025 lineup. On the right is the iRobot logo on the iRobot headquarters in Bedford, Massachusetts, US.

Overview

  • iRobot's 2024 revenue dropped to $681.8 million, a 23% decrease from the previous year, with a net loss of $145.5 million.
  • The company issued a warning about its ability to continue operations over the next 12 months, citing financial instability and market challenges.
  • A January 2024 restructuring led to significant cost-cutting measures, including halving its workforce and reducing marketing expenses.
  • iRobot launched its largest-ever product lineup this week, aiming to boost revenue, though its success remains uncertain due to market competition and economic conditions.
  • The collapse of a $1.4 billion Amazon acquisition deal in early 2024, due to European antitrust concerns, has further compounded iRobot's struggles.