iRobot’s future isn’t looking up

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

The institution has struggled successful the look of accrued contention from Chinese manufacturers and the 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 portion lawsuit effect to the caller merchandise enactment has been “encouraging,” iRobot didn’t conscionable its goals this 4th “due to persistent marketplace headwinds and delays successful scaling accumulation and income of our caller products.” He confirmed the institution is inactive looking astatine a imaginable merchantability oregon different “strategic alternatives” to get retired of debt.