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 Revenue | 1.1 Million |
| Profits | N/A |
| Lifetime Sales | N/A |
| Shark Tank Investor | Mark Cuban |
| Founder | Nicholas Michalak |
| Employees | N/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 name | Somnifix |
| Product | Mouth Strips |
| Episode | Season 10 Episode 20 |
| Founder | Nicholas Michalak |
| Asked for | $500,000 for 10% equity |
| Final deal | $500,000 for 20% equity |
| Shark | Mark Cuban |
| Location | Chevy 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:
| Year | Accomplishment |
| 2019 | Appearing on Shark Tank in 2019 and receiving a deal from Mark Cuban |
| 2014 | Creating 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.