Roomba maker says 'substantial doubt' about future of company
1. iRobot warns of doubts regarding company viability within 12 months. 2. Revenue fell over 23% in 2024, totaling $681 million. 3. iRobot's new vacuum models face uncertain demand and competition. 4. Company undergoing operational restructuring for improved financial positioning. 5. Exploring strategic alternatives, including debt refinancing and business transactions.