Check out what’s clicking on FoxBusiness.com.
iRobot, the firm behind Roomba vacuums, has issued a warning of “substantial doubt” about the future of the company.
The company on Wednesday flagged “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” as it put out its full-year financial results.
iRobot generated $681.0 million in revenue in fiscal 2024, a more than 23% decrease compared to the prior year. Its annual net loss was $145.5 million.
iRobot vacuum cleaners seen in a Target superstore. (Alex Tai/SOPA Images/LightRocket via Getty Images / Getty Images)
Earlier in the week, it had revealed a slew of new robot vacuums that are slated to hit the market starting March 18, including Roomba 205 DustCompactor Vac Robot, the Roomba 205…
