💨 Abstract

iRobot, the Roomba vacuum cleaner maker, has expressed doubts about its ability to continue as a going concern due to economic and tariff uncertainties. Shares fell 30% after Q4 net loss widened to $77.1 million, revenue dropped by 44%, and cash reserves decreased. The company is exploring potential sale or debt refinancing options. iRobot faces stiff competition from Chinese rivals offering advanced features at lower prices.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖