Shares of iRobot tank 30% after Roomba maker raises doubt about its survival
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Shares of iRobot fell over 30% as the company expressed concerns about its ability to continue operations due to increasing debt, slow revenue growth, and competition from Chinese robotic vacuum makers.
March 12, 2025 | 7:45 pm
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iRobot's stock dropped over 30% after the company announced doubts about its ability to continue operations. The company is struggling with high debt, slow revenue growth, and competition from Chinese manufacturers.
The announcement of 'substantial doubt' about iRobot's ability to continue as a going concern is a critical issue for investors, leading to a significant drop in stock price. The company's financial struggles and competitive pressures are key factors.
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