Shares of iRobot plunged more than 30% on Wednesday after the Roomba maker said there is "substantial doubt" about its ability to stay in business. The Roomba maker faces mounting debt and sputtering ...
Consumer robot maker iRobot (NASDAQ:IRBT) plunged in early trading on Wednesday after the company posted weak Q4 results and issued a going concern warning. Revenue was down 44% to $172 million in Q4, ...
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 ...
Founded in 1990 by three M.I.T. researchers, iRobot introduced its vacuum in 2002. Its restructuring will turn the company over to its largest creditor. By Meaghan Tobin and Xinyun Wu Reporting from ...
iRobot, the creator of the Roomba and the company that popularized robot vacuums in the first place, told investors on Wednesday that it has "substantial doubt about [its] ability to continue." Beyond ...
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