iRobot(US:IRBT) Benzinga·2025-10-28 07:42Core Insights - iRobot Corp. shares fell over 36% after the last potential buyer withdrew from negotiations, leaving the company's financial situation precarious [1][4] - The company has faced significant challenges since Amazon abandoned its $1.7 billion acquisition plan in January 2024, leading to uncertainty about its future [2] - iRobot's market capitalization has plummeted to approximately $117 million, a stark contrast to its peak valuation of over $3.5 billion in January 2021 [5] Financial Performance - iRobot reported dire financial results for fiscal year 2024, struggling to generate cash and pay off debts, with substantial doubt about its ability to continue operations [2][4] - The company took a $200 million loan from the Carlyle Group in July 2023 to manage its financial obligations and extended the waiver period for certain financial commitments until December 1 [3][4] - Year-to-date, iRobot's stock has declined by about 53%, and it has lost approximately 78% of its value since Amazon's acquisition plans were abandoned [5] Market Position - iRobot is known for its Roomba vacuum cleaner, which has sold over 40 million units since its launch in 2002, but it now faces stiff competition from cheaper Chinese models [3][5] - The company's shares have dropped significantly from their pandemic high of $161.6, reflecting a broader decline in market confidence [4][5]