Somnifix, Mouth Strips, was started by Nicholas Michalak in 2014. As of August 2023, Somnifix’s net worth is $3 Million and they’re pulling in a whopping $1.1 Million in annual revenue. 

On April 21, 2019, they appeared on Season 10 of Shark Tank USA and made a deal with Mark Cuban, for $500,000 for 20% equity. The final valuation was $2.5 Million, down from the founder’s initial estimate of $5 Million.

Somnifix is still in business as of 2023. The company offers a solution to snoring by providing a mouth strip that promotes nose breathing during sleep. Products are on sale at the official website, Amazon, and Walmart.

Somnifix Net Worth

Net worth$3 Million
Annual Sales Revenue1.1 Million
ProfitsN/A
Lifetime SalesN/A
Shark Tank InvestorMark Cuban
FounderNicholas Michalak
EmployeesN/A

Somnifix Net Worth Timeline

Net Worth 2023$3 Million
Net Worth 2022$2.7 Million
Net Worth 2021$2.5 Million
Net Worth 2020$2 Million
Net worth valuation 2019 after appearing on Shark Tank  $2.5 Million
Net worth valuation 2019 before appearing on Shark Tank  $5 Million

Somnifix Pitch on Shark Tank

Company nameSomnifix
ProductMouth Strips
EpisodeSeason 10 Episode 20
FounderNicholas Michalak
Asked for$500,000 for 10% equity
Final deal$500,000 for 20% equity
SharkMark Cuban
LocationChevy Chase, Maryland

Somnifix Founder

Somnifix was founded by Nicholas Michalak in 2014. This company offers a solution to snoring by providing a mouth strip that promotes nose breathing during sleep. Somnifix’s founder, Nicholas Michalak has a net worth of USD 3 Million as of 2023.

Key accomplishments:

YearAccomplishment
2019Appearing on Shark Tank in 2019 and receiving a deal from Mark Cuban
2014Creating a solution to snoring by providing a mouth strip that promotes nose breathing during sleep.

Conclusion:

From their beginnings on Shark Tank to their current status as a thriving business. They have proven that with the right idea and execution, anything is possible. We can’t wait to see the future for Spretz and its continued success.

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