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On March 12, 2025, iRobot, known for its Roomba vacuum cleaners and previously a target for Amazon's acquisition at $1.4 billion, expressed worries about its ongoing operations.

The company's shares plummeted over 30% during afternoon trading, marking a steady decline from its peak during the pandemic.

iRobot acknowledged uncertainties in the economy and tariffs, stating doubts about its viability moving forward.

Once valued at $3.56 billion in 2021 due to heightened pandemic demand, iRobot's value has now dropped to under $200 million.

For the fourth quarter ending December 28, 2024, the company's net loss increased to $77.1 million from $63.6 million the previous year, with a revenue decrease of 44%.

By the end of 2024, the company's cash reserves had reduced to $134.3 million, down from $185.1 million in 2023, while the debt totaled $200.6 million.

Struggling to compete with Chinese counterparts like Ecovacs Robotics, offering advanced features at lower prices, iRobot revealed considerations for a potential sale or debt restructuring shortly after launching eight new Roomba models.

Following the failed $61-per-share acquisition deal by Amazon in August 2022, due to antitrust concerns and data privacy issues, Colin Angle, the founder, stepped down as CEO in January last year, recommending a turnaround expert for leadership.

To steer its recovery efforts, the company appointed Gary Cohen as CEO in May last year.