People don’t say they have vacuum robots. He says he has Robs. It is something special for a company that users replace the common name by their own name. The metonymic designation – kleenex by paper handker Robs They have certainly succeeded. Despite this, the company that creates them is going through a very complicated moment.
Irobot, in trouble. The firm that designs and manufactures Roomba vacuum robots recently presented Your financial resultsand he did it with a pessimistic tone. Those responsible warned that they have “substantial doubts” that they can follow operations.
Less income. In the results of the last quarter of 2024, he especially highlighted the 44% drop in income compared to the same period of the previous year. According to those responsible for the company, one of the reasons were “the competitive challenges facing the company.”
Complex options. In fact, they explained that they have begun to analyze in detail their possible strategic movements to get out of this situation. One of them is refinancing their debt. The other, find a buyer, indicate In Bloomberg.
Amazon already raised Irobot. Curiously, the company that manufactures these devices could be acquired by Amazon in the past. The company now led by Andy Jassy Theoretically came to buy itbut the European Union threatened Block the agreement And Amazon ended up backing down, with which this process never closed.
A shadow of what it was. When Amazon was going to acquire Irobot, the assessment of the Roomba was 1.4 billion dollars. Its current market value is only 200 million dollars, seven times less.
Pending debt. The investment firm Carlyle Group INC provided Irobot a loan of 200 million dollars in 2023. At that time the accounts did not have left, and that money allowed Irobot to have some liquidity while the acquisition of Amazon was managed. Not closing the operation, Carlyle can now collect terrible interests for Irobot: 9%.
Too much competition. Roomba vacuums are still very well valued, but in recent years the competition has shown not wanting to be left behind. Robot vacuum cleaners has been rapidly used by other brands that have managed to equate in benefits, and in Irobot that brutal competition has noticed much.
In Xataka | Better vacuum robots in quality price: which to buy based on the use and five recommended models
GIPHY App Key not set. Please check settings