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Irobot, a company behind the Roomba vacuum, issued a warning of “significant doubt” to the company of the company.
On Wednesday, the company marked “a significant doubt about the company’s ability to continue as a concern of at least 12 months from the date of issuing its consolidated 2024 financial statements” because it has published its year -round financial results.
Irobot generated revenue of $ 681.0 million in a fiscal 2024, which is a reduction of more than 23% compared to the previous year. His annual net loss was $ 145.5 million.
Irobot vacuum cleaners seen in a targeted superstar. (Alex Tai/Sopa Images/Lightctocket via Getty Images/Getty Images)
Earlier in the week, he discovered a series New robot vacuums which will appear on the market starting on March 18, including Roomba 205 Dust Robot Robot, Roomba 205 Dustcompactor Combo robot and others.
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“There can be no guarantees that it will launch a new product successfully due to potential factors, including, but not limiting consumer demand, competition, macroeconomic conditions and tariff politics,” Iroobot said because he warned “significant doubt.”
The company based in Massachusetts has seen “aggressive competition” in EMEA, Japan and the US during 2024, according to an annual report.
| Dice | Security | Last | Change | Change % |
|---|---|---|---|---|
| Irbt | Irobot corp. | 3.06 | -1.00 |
-24.75% |
The company also revealed on Wednesday that the loan agreement it had had been amended for several years. This move includes a $ 3.6 million fee, the SEC application states.
At the beginning of last year, the Roomba manufacturer launched “Operational Restructuring”, which he said would help “position the stabilization company in the current environment, focusing on the profitability and improvement of key growth initiatives to expand its market share in medium and premium segments.” Irobot revealed that initiative shortly after and Amazon He agreed to buy the proposed purchase of the producer Roomba by the E-Land Diva Diva.
Amazon interrupts the acquisition of iroBot due to regulatory obstacles
The deal struggled with obstacles of European antitrust regulators.
Irobot said on Wednesday that he reduced his marketing costs and made its products Less expensive, among other measures, as part of the restructuring. These efforts helped him see a “significant” reduction in operating costs compared to the year in 2024, the company states.
The Roomba Robot Vakuumi made by the irobot are shown on the shelf in bed and outside the store in Larkspur, California, August 5, 2022. (Justin Sullivan / Getty Images / Getty Images)
The company announced that it began to study the “wide range of alternatives” for its business “formal strategic examination”. Refinancing of debt and the transactions were among the measures she mentioned.
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However, Irobot noted that his committee “did not set a schedule for the conclusion of this review, and it may not be certain that the study of strategic alternatives would result in any contracts or transactions.”
The company has been operating since 1990. His first Roomba vacuum made his debut in 2002.
