iRobot, maker of the iconic Roomba robot vacuum, announced its second-quarter earnings late last week, and the numbers keep going down. Despite launching an entirely new product line, its revenue declined 23 percent to $127.6 million from the previous quarter, with the lucrative US and European markets being hit hardest.
The company has struggled in the face of increased competition from Chinese manufacturers and the collapse of a sale to Amazon, which left it deep in debt. Earlier this year,…
