Roomba’s parent company is warning that its future is on shaky ground, more than a year after a planned $1.7 billion acquisition by Amazon fell through.

The loss-making company was once valued at $3.56 billion in 2021, driven by pandemic-fueled demand. It is now worth less than $200 million.

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,