iRobot, once a dominant player in the robot vacuum market with its iconic "Roomba" series, is now facing serious financial difficulties. According to documents filed with the U.S. Securities and Exchange Commission (SEC), the company may not be able to continue operating over the next 12 months.
In 2024, iRobot laid off 40% of its workforce, froze hiring, and cut costs by closing offices and subleasing unused office space. These measures reduced expenses by approximately $126.4 million, but the company’s financial situation remains unstable.
To revive its business, iRobot has launched a new Roomba model equipped with advanced features, including dual spinning mop pads—a design already used by Chinese competitor Roborock. The company hopes these innovations will attract customers and boost sales.
However, if the new product falls short of sales expectations, the company’s future could be in jeopardy. Auditors have also expressed doubts about iRobot’s ability to sustain operations. In response, the company is considering various options, including selling itself to another firm, merging with other companies, or securing additional financing.
Viewer Comments:
Roomba’s about to get cleaned up!
They’re not going bankrupt tomorrow—no need to panic.
Honestly, you don’t really need a Roomba when there are cheaper options.
Source:iRobot in dire straits, likely to collapse within 12 months • The Register
Comment