Somnifix - Shark Tank Update

Somnifix - mouth tape

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Season 10, Episode 20 Founded by Nicholas Michalak In Business

Somnifix Details

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Shark Tank Episode Details

Founders Nicholas Michalak
Air Date 2019-04-21
Season & Episode Season 10, Episode 20
Initial Ask $500K for 10.0% equity
Deal Details Got deal: $500K for 20.0% equity from Mark Cuban
Estimated Yearly Revenue $3 million
Estimated Net Worth (4x estimated revenue) $12 million

The Shark Tank Pitch

Sleep innovation took a personal turn when Nicholas Michalak's father, Dr. Andre Michalak, struggled with sleep apnea and couldn't use traditional CPAP treatments due to mouth breathing, inspiring the creation of SomniFix - revolutionary mouth strips designed to promote nasal breathing and reduce snoring during sleep.

The family-driven enterprise represented a significant investment in both research and development, with Nicholas and his family putting $1.4 million into comprehensive clinical studies at Harvard, patent protection across over 70 countries, and developing a product that goes far beyond typical mouth tape by featuring hypoallergenic adhesive, emergency breathing vents, and compatibility with CPAP machines. Each box containing 28 strips retails for $15.49 with production costs of $5.60 per unit, delivering nearly 50% profit margins while addressing the massive market of mouth breathers who suffer from dry mouth, poor sleep quality, and disruptive snoring patterns that affect both users and their partners.

Seeking $500,000 for 10% equity and valuing their scientifically-backed company at $5 million, Nicholas entered Season 10 having generated $350,000 in gross revenue over nine months with projections of 40% growth, armed with nine granted patents and a compelling personal story about transforming a family health crisis into a solution that could help millions achieve better sleep.

Where Are They Now?

Mark Cuban recognized the innovation and solid patent protection behind SomniFix, offering $500,000 for 20% equity in a deal that would provide the capital and expertise needed to scale the scientifically-driven sleep solution, though the agreement ultimately didn't close during due diligence as often happens with Shark Tank deals when deeper analysis reveals concerns not apparent during initial pitches. Despite the failed partnership, Nicholas leveraged the invaluable Shark Tank exposure to drive significant customer acquisition and brand awareness, with sales jumping immediately after the episode aired as consumers became interested in the personalized approach to sleep improvement that differentiated SomniFix from generic mouth tape products flooding the market.

The company successfully expanded its retail presence to major chains including CVS, Walmart, and Amazon while shipping internationally to Canada and Europe, demonstrating the global appeal of their science-backed sleep solution and building a robust distribution network without surrendering equity to television investors. We found that SomniFix continues operating successfully with an estimated $3 million in annual revenue, maintaining their unique position as a patent-protected, clinically-tested mouth strip company that helps users achieve better sleep through nasal breathing, proving that sometimes entrepreneurs can achieve their growth goals even when Shark Tank deals don't materialize, especially when they have innovative products backed by solid research that solve real problems for increasingly health-conscious consumers seeking proven solutions.

Revenue

$3 million

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