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August 9, 2022

Whatever Happened To Hamboards After Shark Tank?

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First, the always important question of income. As Don Sandusky explained during their pitch, Hamboards had made $225,000 in sales in the year prior to their Shark Tank performance. They were targeting $350,000 for calendar year 2014.

Hamboards actually enjoyed a Shark Tank bump. Robert Herjavec revisited Hamboards on “Beyond the Tank” in March 2016 and got an update on the numbers from Sandusky. In the first year since its release on Shark Tank, Hamboards has grossed over $1 million.

The year after wasn’t quite as good, with the company grossing just $447,000. That might sound like a lot, but as Sandusky explained in “Beyond the Tank,” the company needed $750,000 to $800,000 annually to break even. The shortfall raised concerns about the company’s long-term viability. On “Beyond the Tank,” Herjavec advised Pete Hamborg and Sandusky to cut costs by 10% to make the company profitable.

It seems Herjavec’s advice worked as Hamboards is still in business today. Although the company hasn’t released updated sales figures after 2016, its products are still widely available today. In 2018, the company launched a new skateboard with an upgraded line called the “Carve” collection (via AB News Wire). Hamboards also expanded its offerings to include apparel and accessories (via Hamboards.com).

The Hamborg family has been making their one-of-a-kind skateboards since 1997 and have been doing it professionally since 2006 (via Orange Coast Magazine). The fact that it’s still doing well 16 years later makes it a definite Shark Tank success story.



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