iRobot Corporation Stock News

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BEDFORD, Mass. , March 21, 2025 /PRNewswire/ -- iRobot Corp. (NASDAQ: IRBT), a leader in consumer robots, today announced that it granted an equity award as a material inducement to the employment of the company's newly-hired Senior Vice President and General Counsel, Kevin Lanouette.

iRobot, the firm behind the well-known Roomba vacuums, has issued a warning of “substantial doubt" about the future of the company.

iRobot (IRBT -35.66%) stock has fallen 35% after the company issued a "going concern" warning, raising doubts about its ability to stay in business over the next year.

The loss-making company was once valued at $3.56 billion in 2021, driven by pandemic-fueled demand. It is now worth less than $200 million.

Roomba vacuum cleaner maker iRobot , a former $1.4 billion buyout target of Amazon.com , raised concerns on Wednesday about its ability to stay in business.

Shares of iRobot plunged more than 30% on Wednesday after the Roomba maker said there's "substantial doubt" about its ability to stay in business. The Roomba maker faces mounting debt and sputtering revenue growth, as well as heightened competition from robotic vacuum makers based in China.

Consumer robot company iRobot, maker of the Roomba robot vacuum, said in a Wednesday (March 12) earnings release that there is “substantial doubt” about its ability to continue as a going concern.