New York CNN —
Roomba’s parent company is warning that its future is on shaky ground, more than a year after a planned $1.7 billion acquisition by Amazon fell through.
iRobot (IRBT), a maker of robotic vacuum cleaners, has “substantial doubt about the company’s ability to continue,” it revealed in its quarterly earnings report Wednesday. The stark warning torpedoed the company’s stock 30% lower in premarket trading.
The Massachusetts-based company also said its board is exploring a “strategic review of alternatives for the business” that could portend a sale and refinancing of its mounting debt.
→ Continue reading at CNN - Business News
