Summary
Roomba Maker iRobot Declares Bankruptcy. Its Stock Is Plunging 70%
Shares of iRobot (IRBT) plummeted over 70% Monday morning after the Roomba robot vacuum maker announced a Chapter 11 bankruptcy filing on Sunday.
Roomba maker files for bankruptcy — sparking worries that pricey vacuums will stop working
"So what is going to happen to the functionality of [my Roomba]? It's one of the smart ones that talk with a server," a Reddit user posted on Sunday.
iRobot stock price collapses as Roomba maker files for Chapter 11 bankruptcy: Here's what happens next
Shares of iRobot Corporation (Nasdaq: IRBT), maker of the Roomba autonomous vacuum cleaner, are crashing today after the company announced that it will seek Chapter 11 bankruptcy protection.
iRobot Corporation (IRBT) FAQ
What is the stock price today?
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Does it pay dividends? What is the current yield?
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Has iRobot Corporation ever had a stock split?
iRobot Corporation Profile
| Household Durables Industry | Consumer Discretionary Sector | Gary S. Cohen CEO | NASDAQ (NGS) Exchange | 462726100 CUSIP |
| US Country | 1,372 Employees | - Last Dividend | - Last Split | 9 Nov 2005 IPO Date |
Overview
iRobot Corporation stands at the forefront of innovation in the design, manufacturing, and global distribution of robotic and home innovation products. Established in 1990 and headquartered in Bedford, Massachusetts, the company has expanded its reach to various regions including the United States, Europe, the Middle East, Africa, and Japan. iRobot Corporation prides itself on creating advanced solutions that enhance the convenience and efficiency of domestic tasks through automation. Their product lineup addresses a wide spectrum of household cleaning needs, from vacuuming and mopping to air purification, heralding a new era in home maintenance where technology does the heavy lifting. The company leverages a variety of sales channels to reach its customers, including national retailers, value-added distributors, resellers, and a robust online presence through its website, app, and various e-commerce platforms.
Products and Services
The comprehensive suite of products offered by iRobot Corporation caters to a broad range of home cleaning and educational purposes:
- Roomba Floor Vacuuming Robots
A flagship product line that revolutionized home cleaning, these autonomous vacuum robots are designed to navigate and clean floors with minimal human interaction. - Roomba Accessories and Consumables
Enhancements and maintenance items for the Roomba, including the Clean Base Automatic Dirt Disposal system, replacement bags, filters, brushes, and batteries, ensuring the longevity and performance of the robots. - Braava Automatic Floor Mopping Robots
Designed to complement the vacuuming robots, the Braava series takes care of mopping, automatically cleaning floors with both disposable and washable pads. - Braava Accessories and Consumables
Items designed to support and maintain Braava robots, such as cleaning solutions, various types of mopping pads, replacement tanks, and batteries. - Root Robots
Innovative coding robots that offer interactive learning through coding, discovery, and play, aimed at introducing children and enthusiasts to the basics of programming and robotics. - Roomba Combo Mopping and Vacuuming Robot
A versatile product that combines the functions of vacuuming and mopping in a single robot, catering to comprehensive floor cleaning needs. - Accessories
A range of products including robot vacuums and mops, handheld vacuums, air purifiers, educational coding robots, and accessory bundles designed to enhance the user experience and extend the functionality of iRobot products.
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