New York Post

Roomba faces ‘Shark’ attack as rivals circle

- By CARLETON ENGLISH cenglish@nypost.com

The Roomba could be in danger of getting stepped on.

IRobot, manufactur­er of the pricey robotic vacuum cleaner, may face competitio­n from a litter of lower-cost gadgets later this year that could smack its sales and profits, a short seller claims in a new report obtained by The Post.

SharkNinja — a fast-growing vacuumclea­ner maker that specialize­s in cheaper versions of name-brand designs — has filed a trademark applicatio­n for a robotic vacuum called the “Shark Ion Robot,” Spruce Point Capital notes in the report.

“Based on our research, SharkNinja wants to be No. 1 or No. 2 in every market [it enters],” Ben Axler, chief investment officer of Spruce Point, told The Post.

Pricing is one way for SharkNinja to get there.

While iRobot’s lowest-cost Roomba starts at $375, other models retail for as high as $799.

Meanwhile, Spruce Point predicts SharkNinja’s product — which could arrive as early as this fall — could be priced in the $299to-$399 range. The company’s current line of upright vacuums range from $119 to $299.

Shares of the Bedford, Mass.-based iRobot — which are up 72 percent this year, closing Monday at $100.98 — could fall as much as 50 percent if SharkNinja and other competitor­s are successful, Spruce Point said in its report.

Just three days before SharkNinja filed its trademark applicatio­n, iRobot filed patent infringeme­nt suits against several vacuum manufactur­ers including Hoover, Bissell and Black & Decker.

But on Monday, iRobot’s views appeared to soften when asked about the supposed SharkNinja threat.

“Other companies are realizing what iRobot has known all along — that some jobs, like vacuuming and mopping, are best suited for a robot,” the company said.

SharkNinja didn’t respond to requests for comment.

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