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Fortune

Irina Ivanova

Roomba creator iRobot was once courted by Amazon for a vacuum revolution. Now, it might go out of business

iRobot Amazon United States

(Credit: Getty Images)

iRobot became synonymous with home robots when it introduced the Roomba vacuum over 20 years ago, eventually selling 50 million models and becoming an acquisition target for Amazon. But the company gave investors a stark warning Wednesday, saying it may go out of business as sales and headcount plummet.

After dominating the domestic robot category for three decades, Roomba creator iRobot says going out of business is a real possibility.

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