iRobot Faces Uncertain Future as Financial Troubles Mount

The Roomba maker warns of potential shutdown within 12 months despite launching new products and exploring strategic alternatives.

iRobot's financial outlook is dire, with the company warning of 'substantial doubt' about its ability to continue operating beyond the next year.
The company's fourth-quarter 2024 revenue dropped 44% year-over-year, with significant declines in key markets including the U.S., Japan, and Europe.
After Amazon's $1.7 billion acquisition offer fell through in 2024, iRobot has struggled to recover, cutting over 50% of its workforce and reducing expenses.
This week, iRobot launched eight new Roomba models featuring lidar navigation, improved suction, and new mopping capabilities, but it remains uncertain if these will revive sales.
The company is conducting a strategic review, considering options like refinancing debt, selling the business, or other transactions to stay afloat.