IRBT Stock Recent News

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.

Shares of iRobot plunged more than 30% on Wednesday after the Roomba maker said there's "substantial doubt" about its ability to stay in business. The Roomba maker faces mounting debt and sputtering revenue growth, as well as heightened competition from robotic vacuum makers based in China.

IRBT's Roomba robots are designed to handle a variety of cleaning tasks to provide an efficient home-cleaning experience for customers.

Consumer robot company iRobot, maker of the Roomba robot vacuum, said in a Wednesday (March 12) earnings release that there is “substantial doubt” about its ability to continue as a going concern.

iRobot Corporation (NASDAQ:IRBT) shares plummeted more than 35% after the company expressed "substantial doubt about the company's ability to continue" operations over the next 12 months. The Roomba-maker said in a statement that there is “no assurance that the new product launches will be successful due to potential factors, including, but not limited to consumer demand, competition, macroeconomic conditions, and tariff policies.

iRobot's business prospects have deteriorated significantly since the Amazon acquisition fell through, leading to massive layoffs and growing losses. Q4 earnings were disastrous, missing guidance and showing worsening gross margins due to excess inventory and lower sales volumes. iRobot's future is uncertain, with substantial doubts about its viability within the next 12 months, despite ongoing discussions with its primary lender.

The maker of the Roomba robotic vacuum cleaner said there's “substantial doubt” about its ability to stay in business.

Goldman Brings Proven Record of Overseeing Successful Operational and Financial Transformations Expands Size of Board to Nine Directors BEDFORD, Mass. , March 12, 2025 /PRNewswire/ -- iRobot Corp. (NASDAQ: IRBT), a leader in consumer robots, today announced the addition of Neal P.

Continues to Make Progress on "iRobot Elevate" Strategy  Board of Directors Initiates Review of Strategic Alternatives BEDFORD, Mass. , March 12, 2025 /PRNewswire/ -- iRobot Corp. (NASDAQ: IRBT), a leader in consumer robots, today announced its financial results for the fourth quarter and full year ended December 28, 2024.

Largest Product Launch in iRobot History BEDFORD, Mass. , March 11, 2025 /PRNewswire/ -- iRobot Corp. (NASDAQ: IRBT), a leader in consumer robots, today announced the availability of a suite of new technologically-innovative Roomba® vacuums and 2-in-1 vacuums and mops with advanced features, ranging from debris-compacting systems to extending and retractable dual-spinning mop pads that tackle stubborn messes.