Roomba Maker iRobot Warns of Uncertain Future After Major Financial Losses

The company reports a 23% revenue decline for 2024 and a $145.5 million net loss, raising doubts about its ability to stay in business.

iRobot's 2024 revenue dropped to $681.8 million, a 23% decrease from the previous year, with a net loss of $145.5 million.
The company issued a warning about its ability to continue operations over the next 12 months, citing financial instability and market challenges.
A January 2024 restructuring led to significant cost-cutting measures, including halving its workforce and reducing marketing expenses.
iRobot launched its largest-ever product lineup this week, aiming to boost revenue, though its success remains uncertain due to market competition and economic conditions.
The collapse of a $1.4 billion Amazon acquisition deal in early 2024, due to European antitrust concerns, has further compounded iRobot's struggles.