BoomBoom

BoomBoom

Growth Stage

Daily-use Nasal Sticks that help you breathe better and feel refreshed

Daily-use Nasal Sticks that help you breathe better and feel refreshed

Overview

Raised to Date: Raised: $22,834

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    Open SEC Filing

Valuation Cap

$15,000,000

Discount

20%

Rolling Commitments ($USD)

Status

Active

Reporting Date

05/22/2024

Days Remaining

82

% of Min. Goal

7%

% of Max. Goal

2%

Likelihood of Max
unlikely
Avg. Daily Raise

$601

Momentum
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Year Founded

2006

Industry

Healthcare & Pharmaceuticals

Tech Sector

HealthTech

Distribution Model

B2B/B2C

Margin

Medium

Capital Intensity

Low

Location

Agoura Hills, California

Business Type

Growth

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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BoomBoom on Wefunder 2024
Platform: Wefunder
Security Type: SAFE
Valuation: $15,000,000

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