IRobot Corp., a consumer robotics company once targeted by Amazon’s acquisition plans valued at over $1 billion, has expressed significant doubt about its ability to continue operating. The Bedford, Massachusetts-based firm warned investors in its earnings results that it faces substantial uncertainty, prompting the board to initiate a formal strategic review.
As part of this assessment, IRobot is exploring options including refinancing debt and considering a potential sale. This news led to a sharp decline in shares, which plummeted as much as 42% to $3.63 in New York, representing a record intraday low for the stock. The company’s public debut occurred in November 2005.
Source: https://www.bloomberg.com/news/articles/2025-03-12/once-amazon-takeover-target-irobot-signals-doubt-over-its-future