Roomba Maker iRobot Reports ‘Substantial Doubt' About Ability to Continue

Consumer robot company iRobot, maker of the Roomba robot vacuum, said in a Wednesday (March 12) earnings release that there is “substantial doubt” about its ability to continue as a going concern.The company’s board of directors has initiated a formal strategic review in which they will consider a potential sale or strategic transaction, refinancing the company’s debt and other alternatives, iRobot said in the release.In another press release issued Wednesday, iRobot said it added to its board of directors ...