Toilet Timer Shark Tank Update

Toilet Timer Shark Tank Pitch

Adam Stephey and Katie Stephey appeared on Shark Tank Season 12, Episode 7, which aired on December 3, 2020, with 5 minute sand timer that helps you time your bathroom breaks.

Toilet Timer is listed in the Accessories Gadgets category. In plain terms, the business is described as 5 minute sand timer that helps you time your bathroom breaks.

Toilet Timer asked the Sharks for $200,000 for 10%, implying a valuation of about $2 million.

On the show, Toilet Timer made a listed deal with Mark Cuban for $200,000 for 10%.

If treated as straight equity, the listed deal works out to about $2 million implied valuation, roughly the same implied valuation as the ask.

This pitch is included as context for the more important question: what happened after Shark Tank.

Toilet Timer After Shark Tank

Toilet Timer accepted a deal on Shark Tank, but follow-up coverage says the televised deal did not close. The product survived anyway because the gag was easy to understand and cheap enough to work as a gift item. (Toilet Timer Shark Tank Update

Update coverage put sales around $1 million by July 2021, with later estimates placing annual revenue in the $250,000 to $500,000 range by April 2024. (Toilet Timer Shark Tank Update

Katamco still sells the Toilet Timer line through its own store, so this is a real continuing novelty-product business even without the original Shark deal closing. (Katamco Toilet Timer store website

Sources

Sources used for this page: Shark Tank API pitches