Why iRobot Stock Is Crashing Today
(NASDAQ: IRBT) 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 company behind the popular Roomba vacuums revealed severe financial instability, highlighting declining revenue and mounting losses. iRobot has now withdrawn its 2025 financial guidance and canceled its scheduled earnings call, a move that often signals worsening conditions.
The company's net loss widened to $77.1 million in its latest quarter, up from a $63.6 million loss in the same period a year earlier. The company also disclosed a 44% drop in revenue in its latest quarter, with total sales sinking to $172 million. Adding to these concerns, sales fell sharply in every major market:
Source Fool.com
