Roomba maker iRobot slumps on going concern doubts
ReutersMar 12, 2025 12:43 PM
Shares of Roomba vacuum cleaner maker iRobot's IRBT.O sink 35% to $4.12 premarket
IRBT expresses going concern doubts and pursues strategic alternatives
Co appoints Neal Goldman to its board
IRBT posts Q4 revenue of $172.03 million, missing analysts' average estimate of $180.84 million, as per data compiled by LSEG
Co reports Q4 loss of $77.10 million, compared to $63.59 million in the previous year
Canaccord Genuity and BofA Securities are serving as financial advisors for strategic review -IRBT
IRBT stock down 41% in the past 12 months
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