iRobot’s Revenue Has Tanked and It’s Almost Out of Cash

iRobot’s Revenue Has Tanked and It’s Almost Out of Cash

Why iRobot’s Revenue Has Tanked and It’s Almost Out of Cash iRobot’s revenue has tanked and it’s almost out of cash, sparking widespread concern among investors and loyal Roomba users. The company’s latest quarterly results reveal a steep decline in sales, driven by supply chain disruptions, rising competition, and economic headwinds. As iRobot struggles to stabilize, questions arise about whether its iconic robot vacuums can survive in a fast-changing smart home market dominated by AI-driven rivals. Image : Google  What’s Behind iRobot’s Financial Decline? Several factors explain why iRobot’s revenue has tanked and it’s almost out of cash. CEO Gary Cohen cited production delays, reduced consumer spending, and intensified price wars with competitors like Roborock and Ecovacs. Additionally, Amazon’s failed acquisition attempt left iRobot vulnerable, forcing the company to manage growing debt without the expected financial support. Analysts warn that without a turnaround strategy, iRobot co…