Shares of iRobot were spiraling after the maker of Roomba issued a so-called going concern warning. Shares have already fallen more than 60% since iRobot and Amazon.com announced the termination of their merger agreement on Jan. 28, 2024. Since iRobot implemented an operational restructuring plan last January, the company said it has slashed head count by more than 50% and lowered the cost of its products.
Yahoo! Finance: IRBT News
