iRobot Stock Nosedives as Roomba Maker Warns of Going Concern Ability | Global News Avenue

Irobot Corp.’s stock (irtThe company behind Roomba robot vacuum cleaners warns “continue as a continuing as a continuing as a Continue to pay attention“And the strategic review began.

The company also canceled its 2025 outlook and earnings call for the fourth quarter.

“As Irobot pointed out in its annual report for the year ended December 28, 2024 (10-K), there is no guarantee that new product launches will be successful due to potential factors including but not limited to consumer demand, competition, macroeconomic conditions and tariff policies,” Irobot said.

The company added: “Given these uncertainties and their impact on the company’s finances, there are great questions about the company’s ability to keep a focus at least 12 months from the date of issuing the 2024 consolidated financial statements.”

Investor sell-offs were a drop in sales in the fourth quarter as company losses expanded. The company reported adjustments for the fourth quarter Loss per share (EPS) $2.06, compared to a loss of $1.82 in the same period last year. Revenue in the fourth quarter was $172 million, down from $307.5 million in the same period last year. Both numbers are higher than the estimated value.

Irobot shares have lost more than 60% of their value in the past 12 months.