
Massachusetts -based Irobot said in its fourth quarter and financial results of 2024 on Wednesday there is “considerable suspicion” about the “ability to continue” of the company after profits fell 44% in the fourth quarter compared to a year ago.
“Irobot has determined the category of robotic floor care for more than 30 years, and we remain committed to raising and evolving our business in the categories of smart homes in the middle of a dynamic landscape of operation, said Gary Cohen, CEO Irobot in a release. “As we move forward, we will continue to take crucial actions to recover our position as leader of the industry and build on the strong Irobot Foundation focused on our globally recognized, iconic, Roomba brand.”
The manufacturer of the renowned robot vacuum Roomba said the Board is considering a “strategic summary of business alternatives” because of the company Failed Planned Union with Amazon last year.
This purchase, which was set to cost $ 1.7 billion, fell due to a threat from European Union regulators to block the deal.
Still, the Irobot discovered The biggest start of the product In the company's 30-year history on Tuesday with eight new Rooms, although, in the note, the company said it is not counting on success due to some “factors” including “consumer demand, competition, macroeconomic conditions and tariff policies”.
However, the Director General of the company remains more positive.
“Yesterday, we announced the biggest start of the product in the history of Ibobot, better positioning Irobot as leaders in the category we created,” Cohen said. “Importantly, this strong piping of the advancement of new products is expected to be a difference compared to our heritage products and should begin to support income growth from year to year in 2025.”
IN last yearIrobot has reduced his account by 50%.