Next on iRobot's To-Do List: Litter Boxes and Home Security?
As it stands today, iRobot (NASDAQ: IRBT) collects the vast majority of its revenue (more than 90%) from its core Roomba robotic vacuum line. Though to be fair, the home-robotics leader is already working to diversify its top line; its newer Braava mopping bots should generate around $100 million in sales this year, or just over 8% of this year's expected $1.2 billion total, while its recently introduced Terra robot lawnmower is poised for a limited initial online launch next year (followed by a broader rollout in 2021).
But it's also no mystery that iRobot is continuously looking for new ways to simplify consumers' lives. In the past, company co-founder, chairman, and CEO Colin Angle has expressed interest in tackling tasks such as laundry folding, bathroom cleaning, and even opening doors to fetch delivered packages.
IMAGE SOURCE: IROBOT.
Source Fool.com
