First, there is always the important question of income. As Don Sandusky explained during the presentation, the Hamboards made $225,000 in revenue the year before they appeared in Shark Tank. They planned to receive $350,000 for calendar year 2014.
Hamboards really enjoyed the “Shark Tank” beat. Robert Heräwek revisited Hamboards in March 2016 on “Beyond the Tank” and received an update on the numbers from Sandusky. In the first year after appearing in Shark Tank, Hamboards sold over $1 million.
The year after that was not so good, with the company only making $447,000. That may sound like a lot, but as Sandusky explained in “Beyond the Tank,” the company needed $750,000 to $800,000 a year just to break even. The shortage raised concerns about the long-term viability of the business. In “Beyond the Tank”, Herjavec advised Pete Hamborg and Sandusky to cut costs by 10% to make the company viable.
It looks like Heräwek’s advice worked because Hamboards is still in business today. While the company hasn’t released sales updates since 2016, its products are still widely available today. In 2018, the company released a new skateboard with an improved line called “Carve” (via AB News Feed). Hamboards has also expanded its offerings to include apparel and accessories (via Hamboards.com).
The Hamborg family has been making their unique skateboards since 1997 and has been doing it professionally since 2006 (via Orange Coast Journal). The fact that it’s still going strong after 16 years makes it a definite “Shark Tank” success story.