Beth Mauder/ZDNETiRobot was long overdue for a product redesign to win back its once overwhelming share of the robot vacuum market. The company just announced such a reinvention for its complete product line; it turns out this was a Hail Mary move.iRobot’s latest SEC filings paint a grim financial landscape for the company’s next 12 months. In them, we learn that iRobot, maker of Roomba robot vacuums, is in significant financial trouble, as evidenced by heavy debt, loan challenges, market struggles, and declining revenue. Also: iRobot just launched four new Roomba models to reimagine its entire product lineThe company already laid off 40% of its workforce in 2024, cut back on hiring, closed offices, subleased part of its HQ, and reduced marketing costs. These measures saved iRobot $126.4 million, but not enough to stabilize the company. Now, iRobot is banking on the launch of a completely new product line this year to reestablish the spot in the robot market that has been weakened by the strong competition from Roborock, Dreame, and Ecovacs. More