iRobot has financial trouble after canceled deal with Amazon
14.03.25
Robot vacuum maker iRobot has faced serious financial difficulties and said its future is at risk. The company has begun a strategic review of its options, including refinancing its debt or selling its business.
iRobot’s problems have worsened after it scrapped a deal with Amazon to acquire the company for $1 billion. The European Commission raised antitrust concerns, forcing Amazon to pull out of the deal, leaving iRobot without financial support.
The company reported a net loss of $77.1 million for the fourth quarter of 2023. Although its cash reserves increased from the previous quarter to $134 million, they are still lower than a year earlier. Part of this amount was withdrawn from restricted reserves for inventory purchases.
Amid losses, iRobot is trying to stay in the market by betting on new products, but recognizes the risks associated with demand, competition and economic conditions. The company is looking for ways to overcome the crisis, including the possibility of attracting investors or selling the business.
Don't miss interesting news
Subscribe to our channels and read announcements of high-tech news, tes
Oppo A6 Pro smartphone review: ambitious
0 
Creating new mid-range smartphones is no easy task. Manufacturers have to balance performance, camera capabilities, displays, and the overall cost impact of each component. How the new Oppo A6 Pro balances these factors is discussed in our review.
Top news of 2025 on hi-tech.ua
0 
Our editorial team traditionally sums up the results every year. We recently showcased the editors’ top devices. Now it’s time to share the top news stories from hi-tech.ua in 2025.
Inserting hyperlinks into Microsoft Word text will become easier update
Microsoft Word gets an update that makes it easier to add hyperlinks without using separate tools or keyboard shortcuts
Meizu 22 Next – compact AI user mood sensor artificial intelligence Meizu
Meizu showed off the experimental device Meizu 22 Next, focused on closer and more personalized interaction with artificial intelligence