Irobot tells investors that his future is in doubt

Since obtaining this loan from the Carlyle group and faced with growing competition Chinese manufacturersIrobot did not find a way to become profitable again and says that it expects to undergo losses for “the foreseeable future”. Without a clear path to repay the debt, the future seems dark for the inventor of the robot vacuum cleaner.

In his quarterly financial report Published on March 12, the company, which saw its revenues in the United States drop by 47% in the fourth quarter, said that it had “launched a formal strategic examination to assess a wide range of alternatives, including, but without limiting itself, by exploring a potential sale or a strategic transaction and refinancing of our debt.”

If its new range of products is not a success, what the report note is quite possible due to the “consumer demand, competition, macroeconomics and pricing policies”, and no other recourse is only its debt, Irobot, says that the company may not be able to continue 12 months.