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iRobot Founder Blames Chinese Competition For Roomba Bankruptcy As Picea Robotics Set To Take Over US Household Robotics Icon
Tuesday, December 23, 2025 - 5:13am | 578Read More...iRobot Corp. (NASDAQ:IRBT), the maker of the Roomba robotic vacuum, filed for Chapter 11 bankruptcy last week, with co-founder Colin Angle blaming intense competition from Chinese rivals and failed regulatory approvals for accelerating the company's downfall. Chinese Robot Vacuum Makers Gained...
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Mop Or Map? How Amazon Has Struck 'Digital Gold' In Smart Homes With iRobot Buy
Monday, August 8, 2022 - 6:18am | 539Read More...There is more to Amazon.com, Inc’s (NASDAQ: AMZN) acquisition of Roomba-maker iRobot Corporation (NASDAQ: IRBT) in a $1.7 billion deal than meets the eye. What Happened: The robot vacuum cleaner company reportedly has reserves of knowledge about floor...
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Why iRobot Stock Is Trading Lower During Wednesday's After-Hours Session
Wednesday, February 9, 2022 - 5:59pm | 263Read More...Shares of IRobot Corp. (NASDAQ: IRBT) tanked following the release of its Q4 earnings report showing a miss on both EPS and sales accompanied with in-line guidance for fiscal year 2022. The company reported a 16% decline in year-over-year Q4 revenue to $455.4 million though noted that full-year...
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iRobot To Sell Its Defense And Security Business To Arlington Capital For $45 Million
Thursday, February 4, 2016 - 3:42pm | 281Read More...Shares of iRobot Corporation (NASDAQ: IRBT) were trading higher by more than 4.8 percent on Thursday after the company announced it has sold its defense and security business. iRobot stated that it sold its business segment to Arlington Capital Partners for up to $45 million in total consideration...
