Roomba maker iRobot slumps on going concern doubts

iRobot

12/03/2025 12:43

** 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

 (Reporting by Padmanabhan Ananthan)

 ((Padmanabhan.Ananthan@thomsonreuters.com))