IRBT has been in the news 900% more than usual
Mar 15, 2025, 12:31 AM
-43.57%
What does IRBT do
iRobot, headquartered in Bedford, Massachusetts, designs and builds home robots, including Roomba and Braava, employing 1,113 people since its IPO in 2005. The company integrates software, electronics, and hardware for smart home solutions.
IRBT has been in the news recently: iRobot reported a loss of $145.5 million and revenue of $681 million in 2024, expressing concerns about its future due to intense competition. The company indicated "substantial doubt" regarding its viability in the current market landscape.
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