Lerobot's stock plummeted 8.91% during intraday trading, extending its post-listing decline.

The sharp drop reflects ongoing market concerns about the company's fundamentals. Lerobot remains in a loss-making state, with net losses recorded in recent years due to heavy upfront spending on research and development, production capacity, and marketing as its lawn mower robot business is still in a ramp-up phase.

Investor confidence has been further dampened by the threat of major downstream customers developing proprietary core technologies in-house, coupled with intensifying price competition in the sector. The revenue concentration from the company's top five customers has also declined, adding to the uncertainty.