Robot, the creator of the Roomba and the company that popularized robot vacuums in the first place, told investors on Wednesday that it has "substantial doubt about [its] ability to continue." Beyond declining sales — the company reported that revenue decreased 47 percent in the US over the prior year in its fourth quarter earnings — iRobot is also struggling to pay off its debts.

This year has been huge for robot vacuums, with new and upcoming models from Dreame, Eureka, and Roborock now clambering over obstacles, targeting water spills and even picking up your socks, all in the name of more effective,

Robot’s stock fell as much as 40% early Wednesday after the maker of robot vacuums told investors that it has “” Sales were down 44% in the last three months of 2024 at $172 million versus $307 million the year prior,

After its latest financial figures were worse than forecast, the company said there’s “substantial doubt” it can survive another 12 months.

iRobot, maker of the Roomba autonomous vacuum, has suffered over the past few years from slumping sales, failed new products, and an aborted takeover attempt by Amazon.

IRobot Corp., the consumer robotics company that Amazon.com Inc. once planned to buy for more than $1 billion, tumbled on Wednesday after raising a “substantial doubt” about its ability to continue operating.