iRobot could too young for sex videossoon be out of business, the Roomba's creator admitting that there's "substantial doubt about [its] ability to continue as a going concern." It's a drastic fall for the company whose Roombas were once synonymous with robot vacuums in general.
Revealed on Wednesday, iRobot's dire assessment came as part of its financial results for Q4 2024, which showed that revenue had fallen by 44 percent compared to the same time the previous year. Comparative results for the full financial year weren't quite as bad, with revenue dropping a little over 23 percent from $890.6 million in 2023 to $681.8 million in 2024. Still, those aren't numbers iRobot wants to see shrink at all.
SEE ALSO: iRobot just completely overhauled its lineup with 8 new Roombas for 2025Of course, iRobot has been attempting to address the problem for a while. Acknowledging the company's struggles, iRobot noted that since a January 2024 restructuring it had cut over half its staff, decreased spending on marketing, reduced inventory, and lowered the price of its products by overhauling its research and development model.
The company also pointed to the recent unveiling of its 2025 lineup, with CEO Gary Cohen calling it the "largest product launch in iRobot's history." Even so, iRobot admitted that its future could very well depend upon how this lineup performs over the next year.
"[T]here can be no assurance that the new product launches will be successful due to potential factors, including, but not limited to consumer demand, competition, macroeconomic conditions, and tariff policies," wrote iRobot. "Given these uncertainties and the implication they may have on the Company's financials, there is substantial doubt about the Company's ability to continue as a going concern for a period of at least 12 months from the date of the issuance of its consolidated 2024 financial statements."
The news sent iRobot's stock plummeting, ending 35 percent down when markets closed on Wednesday. The fall continued on Thursday, with iRobot's shares closing nearly a further 25 percent down. As of writing, iRobot's shares are priced at $3.06, less than half of their value on Tuesday before the financial results were released.
iRobot's poor financial results follow the collapse of a $1.4 billion acquisition deal with Amazon last January. Initially signed in 2022, both parties terminated the deal due to antitrust concerns from the European Union. In a statement at the time, iRobot said that the acquisition had "no path to regulatory approval in the European Union, preventing Amazon and iRobot from moving forward together." Now it seems iRobot may not be able to move forward at all.
The company is hopeful that its overhauled lineup of robot vacuums will facilitate revenue growth and help get it back on track. However, iRobot's financial struggles will likely cause potential customers to think twice before picking up a new Roomba. If it can't turn itself around, some people may end up without access to support or spare parts for their brand new gadget.
Topics Robot Vacuums
Apple pauses sales of Apple Watch Series 9 and Ultra 2 over patent dispute
NASA stuck a colossal ice block in New York City in new climate video
A bunch of BTS choreography videos to valiantly learn from at home
Netflix to cut stream quality in EU amid coronavirus bandwidth fears
7 bizarre revelations from the NYT analysis of Trump's tweets
Apple shuts all stores around the world — except in China
Social distancing isn't fun but Group FaceTime can help you get through it
Facebook, Google, Twitter and others join forces to fight coronavirus fake news
Webb telescope offers a look at one of the universe's most chaotic crashes
Netflix's 'On My Block' Season 3 finale: Why the show should end now
NASA astronauts are proud bedwetters. They even practice.
The optimal way to remotely watch Netflix with friends
Are your kids fans of 'Into the Spiderverse'? Get a voice note from Peter Parker.
Netflix, YouTube to reduce streaming quality in the EU
Guy makes a hilarious slam poetry video for sister who didn't FaceTime him back
6 mindful eating lessons that will change your practice
Facebook servers face 'melt down' amid huge spike in WhatsApp calls
Universal Pictures releasing current titles on VOD amid coronavirus
The presidential candidates sure use a lot — a whole lot — of em dashes
8 tips for better video conference calls
Best Garmin deal: Save $70 on Garmin InstinctGet three BluBest Lego deal: Preorder the Twilight Cullen House Lego setBest Jabra deal: Save $60 on Elite 8 Active Gen 2 earbuds at Best BuyBest LED TV deal: $600 off Sony 759 new emoji we could get in 2025Best IPL deal: Save $80 on Braun IPL Silk·ExpertHow to unblock Xnxx for freeThe TikTok exodus: 6 platforms gaining popularity as ban deadline nearsMicrosoft to kill Office support for Windows 10 this year This translation fail may be the greatest of all time Clever dude scored amazing seats at the Mayweather vs McGregor fight by posing as a bodyguard Trump's White House nixes Obama effort to collect data on pay by gender and race Bear crashes birthday party and eats all the cake Ryan Reynolds's birthday message to Blake Lively is Hall Trump tweets about Texas floods, waits 15 minutes, then attacks media 5 tragedies throughout history that Obama really should've handled better Mmm, yes, Whole Foods ground beef molded in the shape of the Amazon logo Alligator swims over fence and enters woman's flooded backyard in Texas Take cover, Australia. It's time to prepare for ungodly magpie swooping season.
0.3507s , 12502.0078125 kb
Copyright © 2025 Powered by 【too young for sex videos】Enter to watch online.Roomba maker iRobot could be dead within a year,
