Massachusetts-based iRobot said in its fourth-quarter and full-year 2024 financial results on Wednesday that there is “substantial doubt” concerning the company’s “ability to continue” after profits fell 44% in the fourth quarter compared to a year earlier.
“iRobot has defined the robotic floorcare category for more than 30 years, and we remain committed to growing and evolving our business across smart home categories amidst a dynamic operating landscape, said Gary Cohen, iRobot CEO in a release. “As we move ahead, we will continue to take decisive action to reclaim our position as the industry leader and build on iRobot’s strong foundation centered around our globally recognized, iconic brand, Roomba.”
The maker
→ Continue reading at Entrepreneur