iRobot’s revenue has tanked and it’s almost out of cash
via investor.irobot.com
Short excerpt below. Read at the original source.
Things continue to look bleak for the original robot vacuum maker. iRobot’s third-quarter results, released last week, show that revenue is down and “well below our internal expectations due to continuing market headwinds, ongoing production delays, and unforeseen shipping disruptions,” said Gary Cohen, iRobot CEO, in a press release. This meant they had to spend […]