Reported about 10 hours ago
iRobot, the maker of Roomba vacuum cleaners and once a $1.4 billion target for Amazon's acquisition, has raised serious concerns about its viability as a business following a substantial decline in stock prices and a significant net loss in Q4 2024. The company is also struggling to compete with Chinese rivals, prompting it to consider options such as a potential sale or debt restructuring amid dwindling cash reserves and growing debts.
Source: YAHOO