iRobot, the company that makes Roomba robot vacuums, is having some big problems! They're losing a lot of money and aren't sure if they can stay in business. This is a sad story because Roomba was once worth much more.
- iRobot's sales are way down.
- They're losing money faster than they're making it.
- Chinese companies are making cheaper, better robots.
- Amazon wanted to buy iRobot, but the deal fell through.
| Fact | Number |
|---|---|
| Stock price drop | Over 30% |
| 2021 Value | $3.56 billion |
| Current Value | Less than $200 million |
| Q4 2024 Net Loss | $77.1 million |
| Cash Reserves (2024) | $134.3 million |
| Debt (2024) | $200.6 million |
