BoomBoom
Growth Stage
Daily-use Nasal Sticks that help you breathe better and feel refreshed
Overview
Raised: $18,084
Total Commitments ($USD)
Platform
Wefunder
Start Date
04/14/2024
Close Date
08/13/2024
Min. Goal
$309,000
Max. Goal
$1,235,000
Min. Investment
$250
Security Type
SAFE
Series
Seed
SEC Filing Type
RegCF
Valuation Cap
$15,000,000
Discount
20%
Rolling Commitments ($USD)
Status
Active
Reporting Date
05/02/2024
Days Remaining
102
% of Min. Goal
6%
% of Max. Goal
1%
Likelihood of Max
Avg. Daily Raise
$1,005
Momentum
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Year Founded
2006
Industry
Healthcare & Pharmaceuticals
Tech Sector
HealthTech
Distribution Model
B2B/B2C
Margin
Medium
Capital Intensity
Low
BoomBoom, with a valuation of $15 million, is raising funds on Wefunder. The company makes daily-use nasal sticks that help people breathe better and feel refreshed. BoomBoom became viral through its appearance on Shark Tank and has generated $20 million in sales since 2018. The business has a following of 136,000 on social media and sells its products through major retailers, including Walgreens, Walmart, CVS, and others. John Pinto and Dr. Chelsea Pinto founded BoomBoom in October 2006. The current crowdfunding campaign has a minimum target of $309,000 and a maximum target of $1.24 million. The campaign proceeds will be used for inventory, retail trade spending, paid advertising and content marketing, and retail marketing.
Summary Profit and Loss Statement
| FY 2023 | FY 2022 | |
|---|---|---|
|
Revenue |
$4,255,208 |
$3,380,149 |
|
COGS |
$2,150,870 |
$1,433,135 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-230,239 |
$63,177 |
Summary Balance Sheet
| FY 2023 | FY 2022 | |
|---|---|---|
|
Cash |
$619,128 |
$302,251 |
|
Accounts Receivable |
$222,000 |
$265,163 |
|
Total Assets |
$2,050,165 |
$1,334,049 |
|
Short-Term Debt |
$1,577,886 |
$1,292,219 |
|
Long-Term Debt |
$748,583 |
$91,000 |
|
Total Liabilities |
$2,326,469 |
$1,383,219 |
Financials as of: 04/14/2024
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