Irobot’s Future Isn’t Looking Up

iRobot, shaper of nan iconic Roomba robot vacuum, announced its second-quarter earnings precocious past week, and nan numbers support going down. Despite launching an entirely caller merchandise line, its gross declined 23 percent to $127.6 cardinal from nan erstwhile quarter, pinch nan lucrative US and European markets being deed hardest.

The institution has struggled successful nan look of accrued title from Chinese manufacturers and nan illness of a sale to Amazon, which near it heavy successful debt. Earlier this year, CEO Gary Cohen indicated iRobot could unopen down wrong 12 months if thing didn’t change. The timepiece is ticking.

Last week, Cohen said that while customer consequence to nan caller merchandise statement has been “encouraging,” iRobot didn’t meet its goals this 4th “due to persistent marketplace headwinds and delays successful scaling accumulation and income of our caller products.” He confirmed nan institution is still looking astatine a imaginable waste aliases different “strategic alternatives” to get retired of debt.