iRobot has new Roombas, but it doesn't sound confident it'll be around to sell them
iRobot, the creator of the Roomba and the company that popularized robot vacuums in the first place, told investors on Wednesday that it has "substantial doubt about [its] ability to continue."<br /> Beyond declining sales — the company reported that revenue decreased 47 percent in the US over the prior year in its fourth quarter earnings — iRobot is also struggling to pay off its debts. The company took on a $200 million bridge loan to stay afloat while it waited for its $1.7 billion acquisition deal with Amazon to be approved, which it's still paying off.<br /> The European Commission ultimately investigated the acquisition in 2023, and rather than address its concerns, Amazon terminated the deal and paid out its $94 million termination fee. That wasn' [...]
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iRobot has filed for bankruptcy and may be taken over by its primary supplier
iRobot, which brought robotic vacuum cleaners to the masses with its iconic Roomba models, has filed for Chapter 11 bankruptcy. The Massachusetts-based company plans to sell all assets to its primary [...]
LG Sound Suite review: Dolby Atmos FlexConnect in a powerful package
The premise seems simple enough. LG promises that you can set its Sound Suite speakers anywhere and Dolby’s home theater tech will make them perform well. The soundbar, subwoofer and speakers don’ [...]
The best President's Day tech deals on Apple, Samsung, Dyson, Blink and more
Apparently President's Day was created to honor George Washington's birthday. But now on a Monday in February we celebrate every US president by shopping for deals. Nixon, Taft, Coolidge, Po [...]
iRobot's Roomba Combo vacuum and mop machines are more than 50 percent off right now
Wellbots is offering multiple of iRobot's Roomba Combo vacuum and mop machines for 40 percent off, and in one case, over 50 percent off as an early President's Day sale. You can even get the [...]
The Prime Day vacuum deals still available on Amazon include iRobot, Shark, Dyson and others
It's the final day of Amazon Prime Day, but it's not too late to get a heavy discount on a traditional or robotic vacuums from Amazon. We're hoping this sale helps ease some of the more [...]