Why Is Consumer Robot Maker iRobot Stock Plunging Today?
Shares of consumer robot maker iRobot Corp (NASDAQ:IRBT) are trading lower in premarket on Wednesday after the fourth-quarter FY24 earnings. The company reported fourth quarter sales decline of 44% year-on-year to $172.
Roomba vacuum maker iRobot warns it may go bust, sending stock down 30%
After its latest financial figures were worse than forecast, the company said there’s “substantial doubt” it can survive another 12 months.
No More Roomba? iRobot Warns That Its Business Might Not Survive
Mounting losses and declining revenue following the collapse of an Amazon acquisition 'raise substantial doubt about [iRobot's] ability to continue,' the company tells investors.
Why shares of Roomba-maker iRobot just hit an all-time low
On Wednesday, iRobot’s stock price hit an all time low of $3.67, down more than 40 percent on the day, after the company said in a quarterly earnings report there was “substantial doubt” it could survive on its own for another 12 months.
Shares of iRobot tank 30% after Roomba maker raises doubt about its survival
Its financial situation has worsened since Amazon walked away from its $1.7 billion acquisition of iRobot last year, citing regulatory hurdles.
iRobot Stock Nosedives as Roomba Maker Warns of Going Concern Ability
KEY TAKEAWAYS Shares of iRobot Corp. are plunging Wednesday after the company behind the Roomba robotic vacuum warned about its "ability to continue as a going concern" and started a strategic review.
Roomba maker iRobot warns it may go out of business, sending shares plunging
The loss-making company was once valued at $3.56 billion in 2021, driven by pandemic-fueled demand. It is now worth less than $200 million.
iRobot Shares Drop 34% in Premarket Trading After Warning of Financial Uncertainty
Shares of iRobot Corp. (IRBT, Financials) fell 34% in premarket trading Wednesday after the consumer robotics company ...
XPeng Says Flying Cars, Robots Are Near. Stock Falls, Echoing Tesla.
Citi analyst Jeff Chung upgraded American depositary receipts of Chinese electric-vehicle maker XPeng to Buy from Hold.
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DOBOT Jumps Up 12% to New High after Unveiling Humanoid Robot
DOBOT (02432.HK) hit a new peak this morning, climbing as much as 17.79% to HKD60.9. The stock last posted at HKD57.95, up 12 ...
XPeng Bets $13.8B on Humanoid Robots to Rival Tesla’s Optimus Bot
Chinese electric vehicle (EV) maker XPeng (XPEV) is reportedly set to invest up to $13.8 billion (100 billion yuan) on ...