Robotics firm iRobot, originator of the robotic vacuum Roomba facing stiff competition from lower-priced competitors, told investors Tuesday that there was “substantial doubt” about the company’s ...
Investors react to a "going concern" warning. There's no clear path to profitability. The company behind the popular Roomba vacuums revealed severe financial instability, highlighting declining ...
iRobot, once the company synonymous with robot vacuums, might not make it another year. For many years, iRobot was the company you thought of, when you thought of robot vacuums. It wasn’t “I have a ...
I reiterate my sell rating on iRobot due to financial position risk, despite recent minor stock gains and improved margins. Revenue continues to decline sharply, and while gross margin and EPS have ...
Is this the beginning of the end for Roomba? According to the robot vacuum maker, iRobot, it's a real possibility. iRobot was banking on a $1.7 billion acquisition deal from Amazon, which fell apart ...
Vacuuming, mopping or both during a single cleaning session — you name it, this Roomba does it all. Deploying four levels of suction, the iRobot is designed to pack much more power compared to other ...
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