iRobot's New Products Could End Up Lonely and Unloved

Stock quotes in this article: IRBT  

Two new products by iRobot(IRBT Quote), a gutter-cleaning device and a virtual communications robot, are an attempt to expand the company's portfolio of consumer-targeted devices.

But the two offerings, with their limited appeal, may not do much for the company's crumbling stock.

On Thursday, iRobot introduced the Looj gutter-cleaning robot and the ConnectR virtual-visiting Robot to supplement its existing line of the Roomba vacuum cleaning robot and Scooba, an automated floor washing device.

Consumer robots accounted for 36% of the company's revenue in the second quarter fiscal 2007.

The Looj is designed to clean a stretch of gutter, sweeping out dirt, leaves and other debris that can cause costly water damage and overspills, says iRobot. The cheapest version of the product is priced under $100.

It may be an affordable buy for suburban homeowners, but Looj has significant limitations. It can't turn corners and has to be hoisted up a ladder into a gutter. There's a holster available that can be worn around the waist to carry the device up. Looj also can't turn off automatically when the cleaning is done.

The larger issue is: How many of these machines can iRobot actually sell? The company has sold about 2 million Roombas since it was introduced in 2002. But sales of Looj could be a fraction of that.

  • Loading Comments...
  •  

SHARE:

  • email
  • print
  • comment
  • digg
  • delicious
  • linkedin

Recent Comments





Connect with TheStreet

Dow Jones S&P 500 NASDAQ 10-Year Note
10,058.64 1,070.52 2,150.87 36.33
Oil *
72.02
UP
150.25
UP
13.78
UP
24.82
UP
0.41
10 Yr
3.63%
SPDR Gold
105.45
+1.52%
+1.30%
+1.17%
+1.14%
Data delayed 20 minutes

More From TheStreet

Latest Headlines
  • Top Rated Stocks from TheStreet Ratings
  • Find returns with the Dividend Calendar

Brokerage Partners

TheStreet Premium Services

All Services