iRobot negotiations with another potential acquirer fell through, and its main creditor has set a deadline of Jan. 15 for certain conditions.
iRobot revenue continues to drop with ‘no sources’ of additional capital
iRobot said if it can’t obtain new capital, it “may be forced to significantly curtail or cease operations and would likely seek bankruptcy protection.”
Can iRobot bounce back? Deep concerns overshadow $127M Q2
Things have gotten so bad that iRobot has suspended future financial guidance and opted not to host an earnings call for Q2.
Vorwerk Group closing robot vacuum maker Neato Robotics
The Vorwek Group announced in a press release late last week that it will be shutting down Neato Robotics, a robotic vacuum manufacturer.
Rethinking iRobot, Samsung and Dyson robotic vacuum cleaners
By Frank Tobe, Editor/Publisher, The Robot Report At a break in a conference in San Diego, I was sitting enjoying my tea, when up walked Rodney Brooks (of Rethink Robotics and Baxter fame) and said (with a mischievious smile): Rodney Brooks “I have a bone to pick with you! Robotic vacuum cleaners didn’t just become…